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English news

05-Oct-2016

ADIB cuts staff mainly in retail business

Abu Dhabi Islamic Bank (ADIB) has reportedly cut more than 200 jobs over the past three months, mainly in its retail business. The bank employs about 2,500 people. Banks in the UAE have been looking to trim costs as they grapple with slowing revenue growth and a pick-up in provisioning. (Bloomberg, Shabbir Malik, Murad Ansari).

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