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HSBC

The latest news and updates on the global bank that has its headquarters in London

Site of the $500bn Neom project in the Tabuk Province of northwestern Saudi Arabia. It is one of many huge projects the Public Infrastructure Fund, which has just secured a $10bn bridging loan, is financing. Courtesy SCTH

Saudi Arabia’s PIF signs $10bn bridge loan facility

BankingOctober 31, 2019

Saudi Crown Prince Mohammed bin Salman arrives for a session at the 2018 Future Investment Initiative confernece in Riyadh. This year's event is expected to attract even more attention. AFP

Global elite head to Saudi Arabia as country's economic transformation gathers pace

EconomyOctober 30, 2019

FILE - This July 30, 2007 file photo shows an HSBC sign at a branch in London. British labor union Unite has expressed dismay over reports that the bank HSBC will slash 10,000 jobs worldwide. HSBC declined to comment Monday Oct. 7, 2019 on a Financial Times report that interim chief Noel Quinn plans to seek immediate saving across the group. (AP Photo/Kirsty Wigglesworth, file)

Business Extra: HSBC's balancing act with growth and costs

Business ExtraOctober 28, 2019

Riyad bank listed on Tadawul stock exchange reported 81 per cent jump in its full-year profit . Bloomberg

Riyad Bank reports 59% third quarter profit jump

BusinessOctober 27, 2019

Noor Bank reported 12 per cent drop in third quarter net profit on higher impairment charges. Jeffrey E Biteng / The National

Dubai’s Noor Bank third quarter net profit drops 12% to Dh185m

BusinessOctober 24, 2019

ECB's Vasle urges fiscal policy action to boost economy

EconomyOctober 20, 2019

Dubai Islamic Bank reported a 2 per cent year-on-year jump in its 2019 profit on Thursday. Bloomberg

Dubai's DIB third quarter net profit rises 1% on investment income boost

BankingOctober 15, 2019

WeWork embarked on a five-year turnaround plan earlier this year and is making faster progress than initially forecast in terms of generating positive cash flow. Bloomberg

Troubled WeWork said to cut 500 tech jobs

EconomyOctober 09, 2019

HSBC is planning to cut thousands of jobs as the company looks to rein in costs to boost growth. Bloomberg

HSBC to cull 10,000 jobs as it looks to rein in costs

BusinessOctober 09, 2019

Former Barclays Middle East investment banking chief Roger Jenkins faces allegations of fraud over payments to Qatar. Bloomberg

Senior Barclays bankers 'lied' to secure Qatar funding

EuropeOctober 08, 2019

Dustin Johnson won the inaugural Saudi International at Royal Greens Golf & Country Club. Courtesy Saudi International

Dustin Johnson and world No 1 Brooks Koepka confirmed for Saudi International

GolfOctober 08, 2019

PepsiCo is to use the proceeds of its first green bond to invest in eco-friendly packaging and sustainable transport. The National.

Pepsi to issue debut green bond

MarketsOctober 07, 2019

Abu Dhabi's $10bn bond deal has received strong backing from international investors. Chris Whiteoak / The National

Abu Dhabi $10bn bond gets strong investor interest

EconomyOctober 06, 2019

The US is opening its diplomatic mission to Somalia after 28 years. AFP

US reopens Somalia embassy after almost three decades

AfricaOctober 03, 2019

The Horn of Africa, which spans Ethiopia, Somalia, Kenya and Uganda, encompasses some 13.7 million people facing a food crisis after eight years of drought. AP Photo/Farah Abdi Warsameh

Millions face starvation if Horn of Africa food supplies aren't protected from climate change

AfricaOctober 03, 2019

At Carrefour, which has around 100 outlets in the Emirates, 'the deals are everywhere,' says Philippe Peguilhan, country manager of Carrefour UAE. Antonie Robertson / The National

How to save on your supermarket bill in the UAE

MoneyOctober 03, 2019

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