UAE banks slashed branches and jobs in 2019
(WorldNews Business)

Dubai: Mergers, consolidation and digital transformation in the UAE´s banking sector have seen some reduction on total number of bank branches and bank employees according to the Central Bank of UAE´s quarterly review report for the third quarter of 2019. In the third quarter of 2019, licensed commercial banks decreased by one, due to a merger between two local banks, reaching 59 in total. Currently there are 21 national...