Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Aldar Properties to cut 105 jobs

Posted: December 5th, 2011 | Author: | Filed under: By Location, UAE | Tags: , , | No Comments »

Abu Dhabi’s largest property developer, Aldar Properties, in October announced it would slash its workforce by 24 percent as it seeks to cut costs.

The developer plans to shed 105 jobs to match its manpower needs to its scaled-back construction schedule.

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Abu Dhabi Authority for Culture and Heritage cut 160 jobs

Posted: December 4th, 2011 | Author: | Filed under: By Location, UAE | Tags: , | No Comments »

An emirate-wide slowdown of projects has prompted several job cuts in Abu Dhabi in recent months.

The capital’s authority for culture and heritage, organisers of Abu Dhabi Film Festival and Abu Dhabi Book Fair, reportedly let go of around 160 of its 500 employees.

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20,000 Indian workers to be flown out of UAE

Posted: February 8th, 2009 | Author: | Filed under: Recession News | Tags: , , , | No Comments »

According to figures released by Indian Consulate in Dubai, 20,000 Indian workers, mostly labourers working in the construction industry, are leaving UAE in bulk booked flights to India.

They are either being sent back home on long leave, or are being redeployed to work on projects in other Gulf countries, such as Qatar.

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