Monday 15 February 2016
 
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Restructure

Barclays cuts 150 jobs in Dubai

Barclays is cutting nearly 150 people from its corporate banking unit in Dubai as part of a restructuring of the business in the Gulf emirate, a source familiar with the matter said on Wednesday. The bank will close its office in

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Government approves restructuring of Oman Air

Oman's government has approved a restructuring of loss-making Oman Air, including the creation of subsidiaries and ventures to handle some businesses, the state carrier said on Tuesday. The government will take an additional R

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Oman Air plans major business restructure

Oman Air has revealed plans to restructure its business that will see the incorporation of subsidiary or associate companies to manage its ground handling, hospitality, cargo handling, duty free sales, and engineering operations, said a report.

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Air Berlin to decide on restructuring in few weeks

Air Berlin's board of directors will decide on a new restructuring programme for the German airline in the coming weeks, a person familiar with the matter told Reuters on Tuesday. Germany's second-largest airline, 29 per c

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UAE Exchange revamps board, executive leadership

UAE Exchange, a leading global remittance and foreign exchange brand, has appointed Dr B R Shetty as the chairman of its board of directors.   It comes as part of its corporate restructuring exercise aimed at pav

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Bahrain chamber starts executive restructure

Bahrain Chamber of Commerce and Industry (BCCI) said it has started implementation of a plan to restructure its administrative and executive body. The reforms, which are implemented in co-ordination with Bahraini firm Jafcon Consu

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Bapco board restructured, new chairperson named

Bahrain’s Energy Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza has announced that Bahrain Petroleum Company’s (Bapco) board was being restructured with effect from today (July 1). The new b

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Bapco board restructured, new chairperson named

Bahrain’s Energy Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza has announced that Bahrain Petroleum Company’s (Bapco) board was being restructured with effect from today (July 1). The new b

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Qatar sovereign fund ‘to restructure’

Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-makingin response to a drop in oil prices, sources said.

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Kuwait to retain 75pc stake in national airline

Kuwait's government has approved a new structure for the privatisation of Kuwait Airways under which the state will own 75 per cent of the carrier, it said on Sunday, excluding potential investors such as Jazeera Airways. Unde

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