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Morgan Stanley to cut Dubai jobs
- United Arab Emirates: Tuesday, January 15 - 2013 at 06:17
The sixth-biggest US bank by assets, Morgan Stanley, is trimming staff at its Dubai office, mainly by cutting jobs in its equities division, as part of a global plan to reduce costs, Reuters has reported, citing three sources aware of the matter. "The Dubai cuts are part of the bank's global plan," said one of the sources. "Obviously, the bank is trying to focus on growth opportunities in the region and there has been little growth on the equities side barring Saudi," the source added.
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