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An HSBC bank branch in London. Despite its high-flown status, the bank nearly brought down the industry in the UK and imperiled operations in many other places. EPA

CommentHSBC's Lebanese troubles make the case for top-level accountability

Global yet local bank has suffered multiple regulator fines but no one in management has taken responsibility

Opinion

Lebanese depositors to get frozen funds back over time, Economy Minister pledges

KKR appoints David Petraeus as Middle East chairman amid regional expansion push

ExclusiveRAKBank of the future: A tech firm with balance sheet and a big heart

UAE Central Bank follows Fed move to keep interest rates unchanged

Investcorp buys majority stake in German logistics consultancy Miebach

Mastercard users report issues with online payments globally



In focus

Fellowship cover

Apply for a mental health journalism fellowship in the UAE

Abu Dhabi, UAE- April 02 2015: Residents woke up to find the capital blanketed by a sandstorm that reduced visibility on the roads and forced people to wear dust masks and cover their faces. Deepthi Unnikrishnan/The National *** Local Caption *** DU - 02022015 - Sandstorm 04.JPG

We are seeing dust storms earlier than usual, say UAE experts

Yas Waterworld opened in 2013. Photo: Miral

UAE theme parks you can visit before Disneyland Abu Dhabi opens

Foreign workers must have higher education qualifications verified in order to take up employment in the Emirates. PA

How to get your university degree attested in the UAE

Ibrahim Al Hasawi was given a lifetime achievement award at this year's Saudi Film Festival. Photo: Ahmed Al Thani

Ibrahim Al Hasawi's rise from Saudi cinema pioneer to major star

Paulo Sousa has already led Shabab Al Ahli to the Pro League title. AFP

UAE President's Cup: Sousa says Shabab Al Ahli must be 'fearless' in final

Pressure Cooker is curated by Azza Aboualam. Photo: National Pavilion UAE Venice Biennale

UAE pavilion in Venice reimagines greenhouses for climate change

The American film director David Lynch will be missed long after his death in January. AFP

CommentTrump's tariffs on 'foreign' films should make us ask: After David Lynch, who?


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Bernard Mensah, President of International at Bank of America.  Bloomberg via Getty Images

ExclusiveBank of America sees deals slowdown as investors wait for Trump

A sense of the 'new playing field' is needed as global bank chiefs arrive in Dubai for annual global summit

Banking

UAE Central Bank follows Fed in keeping interest rates steady

Banking
New Central Bank rules will mark a shift in how property buyers in the UAE obtain mortgage finance. AP

UAE buyers to pay higher upfront property costs as Central Bank issues new orders

Property

Millionaires head for UAE as they quit UK amid tax hikes

UK
Federal Reserve vice chairman for supervision Michael Barr said there was 'the risk of a dispute over the position'. AP

Federal Reserve's top bank regulator to step down early to avoid Trump clash

Banking

Oman appoints new central bank governor

Banking

Syria’s new central bank head faces monumental task with economy in turmoil

Economy

ExclusiveFuture of banking is AI-driven, Abu Dhabi Islamic Bank CEO says

Banking

How will US Fed rate cut affect UAE mortgages?

Money



The UAE Central Bank typically aligns its interest rate decisions with those of the Fed due to the dirham's peg to the US dollar. Ryan Carter / The National

UAE Central Bank lowers interest rates following US Federal Reserve move

Regulator cuts base rate for overnight deposit facility by 25 basis points

Economy

InterviewUBS not reliant on blue sky scenarios for growth in Middle East, CEO says

Banking

ExclusiveDubai's DIB open to acquiring other banks and FinTech businesses

Banking

Bitcoin Mena: Crypto could be ‘revolutionary step’ for Islamic finance

Technology

ExclusiveJamal Al Kishi's second stint at Deutsche Bank is all about growth

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UAE launches digital KYC platform to boost financial transparency

Banking

Citi gets approval from Saudi Arabia for regional headquarters in Riyadh

Banking



Aaron Kless, managing partner and chief investment officer of Andalusian Credit Partners, left, and Roger Ferguson, the company's executive chairman, at the Abu Dhabi Global Market. Photo: Andalusian Credit Partners

ExclusiveAndalusian to open first global office in UAE by early 2025

It is among a raft of companies looking to capitalise on regional liquidity and investment in emerging asset classes such as private credit

Banking

Crypto and Wall Street antagonist to lead Democrats on powerful Senate committee

US

Standard Chartered expects ventures portfolio to reach $5bn by end of decade

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UAE Central Bank cuts interest rates after US Federal Reserve decision

Economy

Barclays sells its shares in Israeli defence firm Elbit

Banking

Can Islamic finance take advantage of open banking?

Banking

ADCB’s third-quarter net profit surges 23% on lower impairment charges

Banking



Pro-Palestinian protesters demonstrate against Barclays's purchase of Tesco Bank outside the Royal Courts of Justice in London. EPA

Barclays sells its shares in Israeli defence firm Elbit

The move follows a campaign by activists pressuring the bank to end its involvement with the defence company

Banking

Can Islamic finance take advantage of open banking?

Banking

ADCB’s third-quarter net profit surges 23% on lower impairment charges

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HSBC: Why the world's local bank is no longer 'thriving together'

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Macron’s push for Palestinian peace defies escalating Israeli offensive

Teenage trauma: Palestinian's ordeal goes on despite release from Israeli jail

Turkey and Iraq call for progress on lucrative 'development road'

Abu Dhabi’s manufacturing sector contributed 53% to UAE’s industrial economy in 2024

Primark to open three stores in Dubai next year

Iran to ‘open gates of hell' if US or Israel attack, IRGC chief warns

Mubadala asset base grows to $326bn on AI and future-focused investments

Abu Dhabi signs initial pact with Japan as it seeks to boost non-oil trade

Abu Dhabi comes full circle at Osaka Expo since 1970 debut, UAE Ambassador to Japan says

Sabic swings to surprise first-quarter loss amid macroeconomic uncertainty

What makes Warren Buffett such a successful negotiator?

Sheikh Ahmed ranked region's top travel and tourism leader by Forbes Middle East

Disney to open first Middle East theme park in Abu Dhabi

Disney to open first Middle East theme park in Abu Dhabi

Stunning light display celebrates Disneyland Abu Dhabi

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