Barclays Capital Wins DIFC License

DUBAI, 6 July 2005 — Barclays Capital, the investment banking arm of Barclays PLC, said yesterday it had received a license to operate in the new Dubai International Financial Center (DIFC) in the United Arab Emirates. Nicholas Hegarty, head of Middle East and North Africa Investment Banking at the British banking group, said in a statement the unit would focus on debt finance and risk management.