Monday 14 July 2014
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HSBC lays off ME bankers; energy head leaves

HSBC Holdings laid off several investment bankers in the Middle East earlier this month, including the head of its regional energy group, as part of a wider round of global jobs cuts, two sources said on Tuesday. Darren Davis, HSBC's h


Dubai World lays off 100 employees

State-owned investor Dubai World said on Tuesday it had reduced the number of employees in its corporate services division by 10 percent, or 100 employees. 'This decision covers 100 mid- and lower-level employees of departments that pr


Mashreq lays off 4pc of workforce

Dubai-based bank Mashreq said on Thursday it had laid off four per cent of its workforce in response to new economic challenges. "The affected employees were selected due to either their role being no longer viable, or as a result of


Pfizer plans to cut 2,400 jobs

Pfizer, the world's largest drugmaker, plans to lay off as many as 2,400 sales staff this quarter in a continuing reorganization, the Wall Street Journal said in its Friday online edition. The job cuts will involve sales representatives an


Aldar says no project delays, layoffs

Aldar Properties has not put any of its projects on hold as a result of the global financial crisis and has no plans to lay off staff, an executive at the Abu Dhabi developer said in remarks published on Sunday. "All projects that we start

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