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Barclays Said to Cut About 150 Dubai Corporate Banking Jobs

  • Bank to close Emaar square offices located in downtown Dubai
  • Standard Chartered, HSBC and BNP also cut jobs in Middle East
Updated on

Barclays Plc will cut about 150 jobs in Dubai as the U.K. lender restructures its Middle East corporate banking business, a person with knowledge of the matter said.

The bank will close its offices at Emaar Square and relocate bankers and support staff to its office at Dubai International Financial Centre, said the person, asking not to be identified because the dismissals aren’t public. Barclays will keep its corporate branch in Abu Dhabi and wholesale banking license with U.A.E. Central Bank, the person said.