05:47 AM EDT, 10/22/2026 (MT Newswires) -- Barclays (BARC.L) is on track to launch its operations in Saudi Arabia as part of its Middle East expansion strategy, Bloomberg News reported Thursday. In an interview with the news agency, Chief Executive Officer for Barclays Asia Pacific Jaideep Khanna said the British lender is applying for a financial services license in the kingdom as it keeps its "constructive" view of the region despite the ongoing war. "We are growing and investing in our aggregate Middle East presence," the CEO added.

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