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#barclays egypt

British-based Barclays announced on Wednesday that it will be selling 62.3 percent of its stake in Africa in order to refocus its business. The move also means that Barclays Bank will be selling its branches, Barclays Bank Egypt and Barclays Bank Zimbabwe, in Egypt and Zimbabwe. "Another investor may be more able to develop banking business in Egypt,” said the British corporation in a statement regarding Barclays Bank Egypt. The National Bank of Abu Dhabi is one name that has been floating across…