Standard Chartered Bank's UAE unit has slashed more than 100 jobs in its retail business as the lender increasingly digitises its services and outsources back-office work to low-cost locations such as India, Reuters reported. "We are continuously reviewing our businesses and accelerating our shift towards digital and consumer preferences," a spokesperson of the bank said in a statement, declining to comment on specific details. Standard Chartered's operating income in the UAE in 2018 fell to $637m from $733m in 2017. Lenders in the UAE, the second-biggest Arab economy, are inve...
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