UAE non-oil companies cutting jobs at fastest rate in decade:
A prominent Dubai bank is warning that non-oil companies across the United Arab Emirates have cut staff at their sharpest rate in nearly a decade amid an economic slowdown.
Emirates NBD, which is majority owned by Dubai’s government, issued the report on Tuesday.
It relied on data from some 400 private sector companies outside of the UAE’s oil economy, which includes the nation’s manufacturing, services, construction and retail sectors.
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