HSBC jobs cull to spare UAE

HSBC Middle East says 200 layoffs planned for the region will result in no branch closures in the UAE and local job losses will be minimal.


Abu Dhabi Sovereign Fund said to restructure equities teams

The Abu Dhabi Investment Authority, one of the world’s three largest sovereign wealth funds, is restructuring its external equities teams into two sections, one focused on indexed funds and the other on those that are actively managed.