Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55317433
Caption:

The Barclays building in Midtown Manhattan on September 16, 2013, in New York City. (John Moore/Getty Images/AFP)

Barclays enlists outside help in dark pools probe

by Asharq Al-Awsat | Jun 28, 2014 | Business

London, Reuters—Barclays Plc said it is bringing in outside help to speed up an investigation into alleged misconduct in its “dark pool” operations, which have rekindled concerns that the cost of past problems at its investment bank will rise. More than 2...

Media ID: 55330246
Caption:

A man uses walks out of a Barclays Bank branch in Dubai November 5, 2008.
(Reuters/Ahmed Jadallah)

Barclays to sell UAE retail ops to Abu Dhabi Islamic Bank for $177 mn

by Asharq Al-Awsat | Apr 6, 2014 | Business

Dubai and Abu Dhabi, Reuters—Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB) for an expected price of 650 million Emirati dirhams (177 million US dollars), ADIB said on Sunday. The emirate’s...

Media ID: 55325887
Caption:

A National Bank of Abu Dhabi branch, August 27, 2012. Compliance costs are spiralling at Middle Eastern banks due to the various misspellings of common Middle Eastern names. (Reuters/Jumana El Heloueh)

Soaring compliance costs clip wings of Middle East banks

by Asharq Al-Awsat | Dec 26, 2013 | Business

Dubai, Reuters—Compliance costs are spiralling at Middle Eastern banks due to the various misspellings of common Middle Eastern names, say global banking executives. The phenomenon is especially common in false positives—situations where a person or transaction is...