Exclusive: Barclays considers potential sale of UAE retail business | Reuters:
"Barclays Plc (BARC.L) is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.
Britain's fourth-largest bank by market value confirmed on Tuesday it was holding the review of the UAE retail business but did not provide any further comment. The sources spoke on condition of anonymity as the matter is not public.
Under Chief Executive Anthony Jenkins, Barclays is axing at least 3,700 jobs, reining in pay of senior bankers and closing businesses across the group in the face of new regulatory curbs on risk."
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