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redundancy

Abu Dhabi investment firm TNI slashes jobs

Abu Dhabi investment firm TNI slashes jobs

Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters on Monday.

February 6, 2012 2:58
 

Dubai’s Shuaa to lay-off 29 in first phase of job cuts

Shuaa Capital will lay-off 29 of its employees in the first phase of a planned redundancy program aimed at boosting profitability at the struggling Dubai-based investment bank, it said on Sunday.

December 4, 2011 9:51
 

UAE’s Al Mal Capital cuts staff as trading slumps

UAE investment bank Al Mal Capital has reduced workforce by about 85 percent since 2009, as low trading volumes in the region impact brokerage operations, four sources familiar with the firm said.

November 2, 2011 12:18