Tuesday 12 September 2017

Doha Bank cuts staff after Qatar's rift with neighbours -sources

Doha Bank cuts staff after Qatar's rift with neighbours -sources:

"Doha Bank has cut around 10 jobs in the United Arab Emirates and plans to put some staff in the region on unpaid leave, sources said, as it copes with the fallout from Qatar’s rift with its Arab neighbours. Qatar’s fifth-biggest lender will decide by the end of the year whether to make those going on long-term leave redundant if conditions have not improved, said two of the sources familiar with the matter. One source said around 100 staff could be put on leave, while another said it might be as high as 200, although the sources said the final number might be different. The sources declined to be named as the matter is not yet public."



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