UAE Bank Cuts Jobs
World Economy

UAE Bank Cuts Jobs

UAE’s National Bank of Ras Al Khaimah said on Wednesday it was cutting up to 250 expatriate staff from the bank and its partners as part of a plan to raise business efficiency, Reuters reported. The statement follows a Reuters report about job losses at the bank on Sunday. In Wednesday’s statement the bank said it had recently reentered wholesale banking and was significantly raising its headcount and product offering in the space, alongside its existing products and services.


Short URL : http://goo.gl/Qr8kyD
  1. http://goo.gl/KkZqcz
  • http://goo.gl/f8BEUW
  • http://goo.gl/JbkNQ3
  • http://goo.gl/fgSXRO
  • http://goo.gl/dItuy2

You can also read ...

President Emmanuel Macron (C) signs a set of executive orders making sweeping changes to France’s complex labor laws on Friday.
France’s private sector expanded the most since May 2011,...
Indonesia Cuts Key Rate
Indonesia’s central bank cut its main interest rate for the...
The People’s Bank of China
China’s small banks are struggling to raise funds through...
Italy Hikes Growth Forecast
Italy on Saturday raised its forecasts for economic growth...
ASEM Urges Free Trade
Economic leaders at the Asia-Europe meeting reached a broad...
Analysts say the outlook for Britain’s public finances had “weakened significantly” with Brexit likely to put further pressure  on the country’s economic strength.
Moody's cut Britain's long-term credit rating Friday, citing...
Portugal Budget Deficit Narrows
Portugal’s budget deficit narrowed to 1.4% of gross domestic...
Nigeria CB to Sanction Banks Hoarding Forex
The Central Bank of Nigeria said it is reviewing ways to...