The photo has been used for illustrative purposes.
Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk divisions.
Japan International Cooperation Agency (JICA) and the Bank of Palestine (BOP) signed a $30 million Loan agreement for an Additional Tier 1 Investment
China’s banks extended new yuan loans in August as policymakers ratcheted up support for the slowing economy, and further policy easing is expected in coming weeks as the Sino-US trade dispute takes a bigger toll on the economy.
The Pearl Initiative, a business-led non-profit organisation focused on promoting corporate accountability in the Gulf region’s private sector, recently collaborated with Al Tamimi & Company to hold a virtual session to unpack the New Companies Law in Saudi Arabia and its impact on family firms. The session convened family business
Turkey’s lira plunged 7 per cent to a record low on Wednesday in its biggest daily selloff since a historic 2021 crash, a move traders said is a “strong signal” that Ankara is moving away from state controls toward a freely traded currency. The lira has come under increasing pressure since President Tayyip Erdogan was re-elected on May
Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has inaugurated a new international representative office in Jakarta, Indonesia. The launch brings the chamber’s total number of global offices to 18 across Africa, Latin America, Eurasia, India, and China. The strategic step comes as