World Economy

UAE Bank Cuts Jobs

UAE Bank Cuts JobsUAE 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.