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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Emirates NBD plans to cut up to 750 jobs

Posted on 13 March 2012

Emirates NBD is to cut as many as 750 jobs as part of an internal restructuring, just six months after its acquisition of Dubai Bank. The cuts, affecting about 15 per cent of Emirates NBD’s staff, will leave its subsidiaries - including Emirates Islamic Bank and Dubai Bank - unscathed.
Emirates NBD, the biggest bank in the country by total assets has been rocked by the after effects of Dubai’s financial woes, having been forced to set aside Dh4.9bn for bad debts last year………………………………………..Full Article: Source

 
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