European Islamic Investment Bank to cut jobs

It seems that European Islamic Investment Bank will cut dozens of jobs and will close a representative office in Bahrain as part of a restructuring.
The number of employees will be reduced to 17 from 35.
EIIB Chairman Shabir Randeree stated that the bank would sketch a new corporate strategy by the end of the year, which is likely to focus on asset management and the company's core Gulf region.