Hiring is slowly picking up in the UAE, but try telling that to anyone in financial services.
The banking sector has experienced a wave of lay-offs in the past month, making even normally brash investment bankers twitchy.
HSBC has cut 370 jobs in its Middle East business, while Barclays recently moved the headquarters of its Barclays Africa division from Dubai to Johannesburg, leaving 123 employees with the option of relocating or leaving the bank.
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