16.10.2009 - Dubai World revamp to save $800 mln over three yrs
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