Thursday 8 December 2016
 
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Barclays

Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by roughly 1.2 million barrels per day (mbpd) to 32.5 mbpd, which equates to a 4.5-4.6 per cent cut per member country, said Barclays in a new report. “We believe the outcome is consistent w

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Opec hopes to keep a floor on oil prices

Facing the prospect of another sharp fall in oil prices, Opec has finally put forward a measure that they hope will keep a floor on oil prices until the next demand season arrives, said Barclays in a new report. Based on media rep

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ENBD, Moroccan bank eye Barclays Egypt unit

The sale of British bank Barclays' Egyptian business has attracted bids from the two largest banks in Morocco and the UAE, two sources familiar with the matter said on Tuesday. The UK-based lender is seeking to sell its Africa

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Barclays lent Qatar $3bn to buy shares in 2008, says law suit

Barclays loaned Qatari investors $3 billion to help finance an emergency fundraising at the height of the credit crisis in 2008, court documents filed in London on Thursday allege. The case brought by Amanda Staveley's PCP Cap

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Barclays app brings UK property offers closer to UAE residents

Barclays, a a transatlantic consumer, corporate and investment bank, has launched a smartphone application titled ‘Unlock Britain’, which offers users in the UAE valuable insights into the UK’s property market, educational syst

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Barclays app brings UK property offers closer to UAE residents

Barclays, a a transatlantic consumer, corporate and investment bank, has launched a smartphone application titled ‘Unlock Britain’, which offers users in the UAE valuable insights into the UK’s property market, educational syst

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Barclays starts Egypt sale process, ENBD interested

Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and North Africa region expressing interest in the business, sources familiar with the matter said on Tuesday. The UK-base

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Doha meeting: No deal, as politics trump economics

The Doha meeting, among 16 oil producers (Opec and non-Opec) concluded on Sunday, without an agreement on a production freeze, as the political tension between Saudi Arabia and Iran trumped the economics for agreeing to a deal, a report said.

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Morocco's Attijariwafa eyes Barclays' Egypt business

Attijariwafa Bank, Morocco's largest bank by assets, plans to bid for the Egyptian operations of Barclays, a senior executive told Reuters on Tuesday. Barclays said last week it will sell its Africa business as Chief Executive

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Barclays cuts 150 jobs in Dubai

Barclays is cutting nearly 150 people from its corporate banking unit in Dubai as part of a restructuring of the business in the Gulf emirate, a source familiar with the matter said on Wednesday. The bank will close its office in

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