Why finance is key to securing a low-carbon future

As renewable energy costs fall, the UAE government is taking note. Policy is pivoting. Investment flowing. The agenda set. At HSBC, we look forward to actively participating in the UN-convened Global Roundtable on sustainable finance hosted by the UAE this ... ( read original story ...)

Low oil price takes its toll on Saudi banks

Dubai: Persistent decline in oil prices since mid-2014 is posing a new wave of challenges for Saudi Arabia’s banking sector which enjoyed, abundant liquidity during the years of oil boom between 2003 and 2013. During this period, the Kingdom was able to ... ( read original story ...)

UAE participates in Global Investors Summit in India

During his speech at the opening session, HE Al Saleh emphasised the strong bilateral ties between UAE and India, the latter being UAE’s first trade partner. He noted that the volume of trade between the two countries has amounted to $50 billion for the ... ( read original story ...)

UAE Central Bank says lending to SMES has tightened

UAE banks have become less willing to lend to businesses and individuals, according to the latest quarterly credit sentiment report issued by the ­Central Bank. At the same time, borrowers, especially owners of small businesses and expats, have become ... ( read original story ...)

Emirates NBD pilots blockchain-based money transfers

During the pilot, remittance and trade finance processes were executed on the blockchain network with almost real-time transfers of invoices and purchase orders. Emirates NBD chairman Shaikh Ahmed bin Saeed Al Maktoum said the pilot was the first of its ... ( read original story ...)

Emirates NBD and ICICI launch trade finance blockchain pilot

Emirates NBD and ICICI Bank have partnered with a subsidiary of Indian tech giant Infosys on a pilot blockchain solution for trade finance and remittances. The banks become the first in the UAE and India, respectively, to pilot blockchain-based network for ... ( read original story ...)

Head of Hedge Fund Selection – General Manager

Al Futtaim Group - Dubai - Al-Futtaim Group is one of the leading business houses in the Middle East region, employing over 40,000 people (including those in joint ventures and subsidiaries) in diverse sectors spanning more than 60 businesses ... ( read original story ...)