Barclays Plans To Shed Some UAE Retail Operations

Law360, New York (September 3, 2013, 2:08 PM EDT) -- Barclays PLC announced plans to sell a portion of its operations in the United Arab Emirates on Tuesday, the U.K. lender's latest effort to shed certain retail businesses as it looks to boost equity by cutting costs and restructuring businesses.

 The bank currently has two offices in Dubai, where it offers business, personal, corporate and investment banking, as well as wealth and investment management, according to Barclays. The sale would divest its UAE retail operations but would leave the bank's corporate and investment banking and wealth...
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