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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Dubai World revamp to save $800 mln over three yrs

Posted on 16 October 2009

From Reuters: Government conglomerate Dubai World said on Thursday its restructuring was nearly complete and would help save $800 million in operating costs over the next three years.

The company also said it had reduced its global workforce by 15 percent to around 70,000. Staff in the United Arab Emirates were cut by 25 percent, largely as a result of the downturn in the region’s real estate market, it said……………………Full Article: Source

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