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	<title>Daily Recession &#187; UAE</title>
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	<description>Daily Job Cuts with a Dose of Recession</description>
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		<title>Aldar Properties to cut 105 jobs</title>
		<link>http://www.dailyrecession.com/aldar-properties-to-cut-105-jobs.html</link>
		<comments>http://www.dailyrecession.com/aldar-properties-to-cut-105-jobs.html#comments</comments>
		<pubDate>Mon, 05 Dec 2011 05:32:55 +0000</pubDate>
		<dc:creator>dubaidude</dc:creator>
				<category><![CDATA[By Location]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Aldar Properties]]></category>

		<guid isPermaLink="false">http://www.dailyrecession.com/?p=2376</guid>
		<description><![CDATA[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.]]></description>
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		<title>Abu Dhabi Authority for Culture and Heritage cut 160 jobs</title>
		<link>http://www.dailyrecession.com/abu-dhabi-authority-for-culture-and-heritage-cut-160-jobs.html</link>
		<comments>http://www.dailyrecession.com/abu-dhabi-authority-for-culture-and-heritage-cut-160-jobs.html#comments</comments>
		<pubDate>Sun, 04 Dec 2011 18:37:14 +0000</pubDate>
		<dc:creator>dubaidude</dc:creator>
				<category><![CDATA[By Location]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[Abu Dhabi]]></category>

		<guid isPermaLink="false">http://www.dailyrecession.com/?p=2378</guid>
		<description><![CDATA[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.]]></description>
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		<title>Shuaa Capital to cut 29 jobs</title>
		<link>http://www.dailyrecession.com/shuaa-capital-to-cut-29-jobs.html</link>
		<comments>http://www.dailyrecession.com/shuaa-capital-to-cut-29-jobs.html#comments</comments>
		<pubDate>Sun, 04 Dec 2011 15:31:34 +0000</pubDate>
		<dc:creator>dubaidude</dc:creator>
				<category><![CDATA[By Location]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Shuaa Capital]]></category>

		<guid isPermaLink="false">http://www.dailyrecession.com/?p=2374</guid>
		<description><![CDATA[Dubai-based investment bank Shuaa Capital announced a round of job cuts in November as it moved away from retail brokerage business after markets in its home base declined and losses increased. In the first phase 29 people will be affected. The regional political turmoil coupled with concerns of a global slowdown has hurt the company. [...]]]></description>
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		<item>
		<title>Barclays Bank to cut 123 jobs</title>
		<link>http://www.dailyrecession.com/barclays-bank-to-cut-123-jobs.html</link>
		<comments>http://www.dailyrecession.com/barclays-bank-to-cut-123-jobs.html#comments</comments>
		<pubDate>Sun, 08 May 2011 15:31:09 +0000</pubDate>
		<dc:creator>dubaidude</dc:creator>
				<category><![CDATA[By Location]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[Barclays Plc]]></category>
		<category><![CDATA[Johannesburg]]></category>
		<category><![CDATA[South Africa]]></category>

		<guid isPermaLink="false">http://www.dailyrecession.com/?p=1806</guid>
		<description><![CDATA[Barclays Plc will move its Africa headquarters in Dubai back to Johannesburg in a move that may affect 123 employees. Staff will be given the chance to relocate or leave the bank before the Dubai office closes at the end of the year. Barclays Africa headquarters was based in South Africa until 2006 when it [...]]]></description>
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		<title>20,000 Indian workers to be flown out of UAE</title>
		<link>http://www.dailyrecession.com/20000-indian-workers-to-be-flown-out-of-uae.html</link>
		<comments>http://www.dailyrecession.com/20000-indian-workers-to-be-flown-out-of-uae.html#comments</comments>
		<pubDate>Sun, 08 Feb 2009 11:11:39 +0000</pubDate>
		<dc:creator>dubaidude</dc:creator>
				<category><![CDATA[Recession News]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Qatar]]></category>
		<category><![CDATA[UAE]]></category>

		<guid isPermaLink="false">http://www.dailyrecession.com/?p=294</guid>
		<description><![CDATA[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. The move [...]]]></description>
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		<title>Mashreq Bank cuts 175 jobs</title>
		<link>http://www.dailyrecession.com/mashreq-bank-cuts-175-jobs.html</link>
		<comments>http://www.dailyrecession.com/mashreq-bank-cuts-175-jobs.html#comments</comments>
		<pubDate>Thu, 05 Feb 2009 14:25:46 +0000</pubDate>
		<dc:creator>dubaidude</dc:creator>
				<category><![CDATA[By Location]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[Bahrain]]></category>
		<category><![CDATA[Qatar]]></category>

		<guid isPermaLink="false">http://www.dailyrecession.com/?p=290</guid>
		<description><![CDATA[Mashreq has announced that it has axed up to 175 staff, four percent of its global workforce, to reflect reduced market activity. In a statement, the bank said: “The redundancies reflect a lower level of market activity. The affected employees were selected due to either their role being no longer viable, or as a result [...]]]></description>
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		<title>UAE Poised For Two-year Slump</title>
		<link>http://www.dailyrecession.com/uae-poised-for-two-year-slump.html</link>
		<comments>http://www.dailyrecession.com/uae-poised-for-two-year-slump.html#comments</comments>
		<pubDate>Fri, 12 Dec 2008 17:12:26 +0000</pubDate>
		<dc:creator>dubaidude</dc:creator>
				<category><![CDATA[Recession News]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[UAE]]></category>

		<guid isPermaLink="false">http://www.dailyrecession.com/?p=3</guid>
		<description><![CDATA[The UAE is poised for two years of slow economic growth as its property sector is hit by the global financial crisis and banks rein in expansion, the central bank governor said. Growth in gross domestic product (GDP) in the world&#8217;s fifth-largest oil exporter would fall to low-single-digit levels in 2009 and 2010, Sultan Bin [...]]]></description>
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