Barclays slashes stake in South African unit
Barclays Africa
London - AFP
British banking giant Barclays said Thursday it has further reduced its stake in its South African operations as part of a global strategic re-think unveiled last year.
Barclays said in a statement that it had placed a stake of 33.7 percent in Barclays Africa with institutional investors, raising some £2.224 billion (2.5 billion euros, $2.9 billion).
Barclays, which has decided to focus on its two core markets of Britain and the United States, now holds a stake of just 16.4 percent in the unit.
It does want to pull out completely, however, and will hold on to a stake of 15 percent, it said.
Barclays Africa, which is listed on the Johannesburg stock exchange and is present in around 10 countries, has declined in value in recent months, against the backdrop of the political crisis in South Africa.
The British bank was compelled to make a writedown of around £900 million on the unit in its first-quarter accounts.
GMT 17:59 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 05:07 2017 Tuesday ,04 July
Barclays, executives, set to appear in courtGMT 11:17 2016 Tuesday ,09 August
Barclays, US states in $100m Libor fraud settlementGMT 09:19 2016 Friday ,08 July
4 ex-Barclays bankers jailed for rigging Libor rateGMT 03:01 2016 Friday ,01 July
Barclays chairman warns Brexit could spark economic crisis
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 14:49 2017 Sunday ,19 February
Not going to sledge Kohli, hints Warner
GMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathon
GMT 12:53 2017 Friday ,03 November
HM King praises UN role
GMT 22:08 2017 Thursday ,30 November
UAE and Chile sign MoU on entry-visa exemption
GMT 19:04 2017 Saturday ,28 January
France, Germany concerned about Trump's moves to limit refugees
GMT 12:31 2017 Wednesday ,15 February
British FM hails new Gambia leader, vows stronger ties
GMT 22:34 2017 Saturday ,22 April
Iran, Georgia ink MoUs to boost bilateral cooperation
GMT 19:00 2017 Wednesday ,22 March
Foreign Minister Meets 2 Senior U.S. Congress Members
GMT 14:18 2015 Saturday ,20 June
Braun to launch Series 9 men's shaversGMT 08:08 2011 Monday ,03 October
Shahd Barmada: working with Samir Safir a dream come true
GMT 21:28 2017 Tuesday ,26 September
Syrian army units foil terrorist attack
GMT 15:46 2017 Sunday ,27 August
Iraqi forces poised for victory over IS
GMT 17:49 2017 Monday ,24 April
UN chief Guterres vows to stand up against alleged ‘anti-Israel bias’
GMT 12:24 2017 Thursday ,09 February
Miracle crop: Can quinoa help feed the world
GMT 22:43 2017 Wednesday ,11 October
Selection of new UNESCO director general should be based on expertise
GMT 05:25 2017 Thursday ,07 September
UN Agencies to open unit for free kidney dialysis treatment
GMT 09:23 2012 Friday ,08 June
China, Afghanistan upgrade ties to strategic partnership
GMT 21:06 2017 Sunday ,04 June
Palestinian girl, shot after stabbing Israeli soldier, dies
GMT 08:43 2016 Monday ,04 July
Gatlin scorches to Rio, Felix powers home
GMT 02:08 2017 Wednesday ,12 July
Afghan war violence up nearly 40% : UN
GMT 11:01 2016 Friday ,19 February
Miles Davis biopic had to have white co-star
GMT 04:44 2017 Tuesday ,05 December
Earthquake survivors in Iran battle cold, toll rises to 530
GMT 13:40 2017 Friday ,20 January
PSG better option than China
GMT 12:53 2017 Saturday ,04 November
Weinstein, Spacey, others in spotlight
GMT 13:27 2016 Sunday ,18 December
Mosul battle leaving legacy of environmental damage
GMT 20:03 2017 Monday ,24 April
Health of leader, striking prisoner Marwan Barghouthi, deteriorated
GMT 18:55 2017 Monday ,06 March
Saudis, Indonesians sign agreements to strengthen ties
GMT 22:58 2017 Tuesday ,24 October
UAE Ministry of Health warns against travel to Madagascar
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor