Home Industry Barclays to cut 150 staff in Dubai Reports suggest the bank will vacate its Emaar Square office by Robert Anderson February 3, 2016 Barclays is planning to cut roughly 150 staff in Dubai as it restructures its Middle East corporate banking business, according to reports. A source told Bloomberg that the bank will close its offices in Emaar Square and relocate bankers and support staff to its Dubai International Financial Centre premises. The bank will maintain its corporate branch in Abu Dhabi and wholesale banking license with the UAE Central Bank, the source said. Reports last month suggested Barclays was looking to cut up to 1,200 jobs worldwide and shut securities operations across Asia. The company’s chief executive Jes Staley, who was appointed in October, has imposed a hiring freeze and is restructuring its wealth-management business to shore up earnings, sources toldBloomberg. Tags Barclays 0 Comments You might also like Barclays selects HPE GreenLake for private cloud platform Barclays Hit By Fresh US Investigations Barclays Sees Middle East Driving Investment Bank Qatar-Barclays Payments Face Fraud Probe