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FGB mulling buying Barclays’ UAE retail arm

First Gulf Bank (FGB), the UAE's third-largest lender, has said it may look to buy Barclays Plc's retail banking operations in the country, Reuters has reported. The British lender said earlier this month it decided to sell the retail banking business following a strategic review of operations in the Gulf country. "The bank is open for such opportunities. We may be doing due diligence on Barclays (UAE business)," FGB chief executive, Andre Sayegh, told reporters in Dubai. "We're looking for synergies, so if it makes sense, we'll go for it," he said.