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| Salaries may Rise but not as Much (Zawya) |
| 31 December 2008 DUBAI - Salary increases across the GCC countries are predicted to show a downward trend in 2009 as many firms across the board are viewing salary rationalisation as a cost cutting solution in the backdrop of the economic meltdown, a research report by a Kuwait-based firm said. |
| Crisis impact spreads (Reuters via Yahoo! News) |
| The global financial crisis scuppered a $17 billion petrochemicals joint venture and drove three Japanese insurers into merger talks, while data from Europe showed the region's economies face a bleak 2009. |
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