Friday 29 March 2024
 
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Emirates NBD unit cuts 100 jobs - sources

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.

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Global Investment, Kamco cut nearly 100 jobs

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

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Bapco denies lay-off claim

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

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Bahrain sees drop in lay-offs

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

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