Emirates Islamic, the sharia-compliant arm of Dubai's largest bank Emirates NBD (ENBD) , has laid off more than 100 people as part of cost cutting to adjust to a cooler economy, sources familiar with the matter said on Wednesday.
Kuwait's Global Investment House has laid off 17 per cent of its staff, or 60 employees, across the region as part of cost-cutting measures at the debt-laden firm, two sources said Sunday.
Most of the job cuts at Global, which is in talks
Bahrain Petroleum Company (Bapco) has dismissed as baseless a newspaper report that the company could lay off 1,000 to 1,500 employees in February 2010, based on Mackenzie recommendations.
Bapco has no intention to make any of its staff re
The number of lay-offs has dropped in Bahrain despite the global meltdown which threatens to disrupt labour markets in the world, said a Labour Ministry official.
The number of complaints filed by terminated employees dropped to 2,821 last