Standard Chartered Bank is moving 50 to 100 jobs to its new Dubai office from London. Most of the jobs will be in interest rate and foreign exchange sales and trading. The moves follow the bank's announcement last week it was opening a regional hub office in Dubai. The bank will move its Africa regional office to Dubai, its portfolio analysis and monitoring team and staff from the 110-strong rates, G10 foreign exchange and Africa-focused sales and trading team. "We are very positive about Dubai's potential, and we want to build on our presence there," said a Standard Chartered spokesman. There were no job cuts planned, and discussions would be taking place over the next month about who would relocate to Dubai, the official said. "We are happy to have split teams, if people want to stay in London." The news comes only a fortnight after the bank said it was launching its own Islamic finance bank –Saadiq – in the Middle East. Simultaneously, Standard Chartered launched its first Islamic credit card globally. Afaq Khan, CEO of Standard Chartered Islamic Banking, said: "Standard Chartered's global Islamic business has more than doubled since 2006, and continues to grow at a rapid pace. With the launch of our global Islamic banking brand, Saadiq, we aim to capitalise on all future worldwide growth in this emerging industry for the benefit of our customers and stakeholders alike."