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Kuwait Finance House Singapore cuts workforce

Posted on 26 January 2010

From Alibaba.com: The Singapore operations of Islamic bank Kuwait Finance House has cut its workforce as part of a plan to streamline its regional fund management business, a director said on Monday.

The decision to reduce Kuwait Finance’s Singapore headcount to two from about eight comes shortly after the departure of Islamic Bank of Asia’s top Singapore executive raised industry concerns that the city-state’s Islamic finance market is growing too slowly and so is prompting some companies to restructure………………….Full Article: Source

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