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 05:50 2017 Tuesday ,15 August
20 killed in Takhar funeral attack
GMT 04:51 2017 Thursday ,13 April
Huda Kattan among top 10 beauty influencers
GMT 18:22 2018 Thursday ,11 October
American Embassy points to US-Russia teamwork in astronauts’ safe escape from Soyuz
GMT 05:52 2018 Sunday ,16 September
US will learn from Florence, like every natural disaster
GMT 09:44 2018 Saturday ,06 January
Aoun to deliver speech in Rome this afternoon
GMT 09:14 2017 Saturday ,30 December
London stocks end year on record high
GMT 05:42 2014 Sunday ,07 September
Jennifer Lopez, Iggy Azalea tease music video for 'Booty'
GMT 11:47 2017 Monday ,11 December
France's rightwing shifts after Macron victoryGMT 04:49 2013 Monday ,27 May
Feng Shui living room concepts
GMT 12:05 2017 Sunday ,10 December
France's Pinturault wins Val d'Isere WCup giant slalom
GMT 19:45 2017 Wednesday ,18 January
The UAE Releases Global State of the Future Report
GMT 23:40 2017 Wednesday ,18 October
OIC condemns terrorist attack in Jeddah
GMT 16:41 2017 Saturday ,18 February
FBMA International Show Jumping Cup 2017 competition
GMT 20:48 2017 Monday ,23 October
India works closely with UAE to address issues faced by migrant workers
GMT 01:17 2016 Friday ,17 June
'Panama Papers' firm demands prosecution of suspect in Switzerland
GMT 21:38 2016 Sunday ,18 December
Sharjah Chamber receives High-Profile Economic Delegation
GMT 17:43 2017 Tuesday ,14 February
Spanish activists taken to court over BDS activism
GMT 22:15 2017 Saturday ,22 April
President of Kyrgyzstan Meets Iran's Foreign Minister
GMT 21:37 2017 Sunday ,02 July
Religious tourism lottery to be held on Monday
GMT 02:39 2017 Sunday ,10 September
Trump does not rule out military response to Venezuela crisis
GMT 15:27 2017 Saturday ,24 June
US imposes ban on fresh Brazil beef imports
GMT 05:10 2017 Thursday ,03 August
Brazil congress votes on corruption trial for president
GMT 06:07 2017 Tuesday ,24 October
Air Force set to create new ISR unit with Global Hawk
GMT 03:49 2017 Thursday ,22 June
Dalai Lama says will visit Trump
GMT 03:52 2017 Sunday ,15 January
Drydocks World and GDRFA sign MoU partnership
GMT 09:33 2017 Thursday ,02 March
Turkish-backed Syria rebels seize villages from Kurds
GMT 22:19 2017 Wednesday ,25 October
Germany Festival in Nile Delta kicks off in four cities next week
GMT 21:44 2017 Thursday ,14 September
Nahyan bin Mubarak offers condolences to family of martyr Nasser Gharib
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