Barclays decides to sell UAE retail bank after review | Reuters:
"Barclays Plc (BARC.L) has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of the business, the British lender said on Tuesday.
The potential sale may impact up to 280 employees, a source familiar with the plan said, adding the lender plans to offload its retail portfolio in the Gulf Arab country, which includes credit cards, mortgages, personal lending and deposit taking operations, while keeping its two branches in Dubai.
A separate banking source confirmed that the bank was keeping its Dubai branches to service corporate banking clients."
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