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Omniyat cuts nearly 100 jobs
- United Arab Emirates: Thursday, November 20 - 2008 at 08:23
Dubai-based developer Omniyat has sacked nearly 100 employees over cash flow problems, Gulf News has reported, citing a source. However, a spokesperson for the developer issued a statement saying that the number is 'completely incorrect', adding that it 'is less than 100'. Meanwhile, the developer has postponed the launch of several projects until 'conditions can cope with them', said Alex Andarakis, the company's managing director of sales and marketing.
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Jeff Florian, Senior ReporterThursday, November 20 - 2008 at 08:23 UAE local time (GMT+4)
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