Dubai fights for its finance sector

Since the credit crunch struck, Dubai’s financial district has emerged in relatively better shape than many other parts of the emirate’s economic infrastructure.

While a few restaurants and financial entities have folded, larger institutions continue to base their regional operations in the district, even if they have trimmed their workforces.

But as the government seeks to reduce costs, the Dubai International Financial Centre is set to unveil a series of internal restructuring’s, beginning with deep staff cuts.