#HSBC

Up to 66% of Indian expats plan to increase their investments in the UAE – HSBC

Property is seen as the most important investment class for Indians in the UAE

Saudi Arabia signs MoU with HSBC to promote sustainable investments

The agreement covers the identification and promotion of sustainable investments in the kingdom

Dubai UAE

Revealed: The top 10 countries for expats to live and work

The UAE has been ranked among the top five places worldwide for expats in HSBC’s annual survey

Saudi British Bank makes kingdom’s first green deposit to finance sustainable initiatives

The funds were deposited with HSBC in the UAE

Saudi wealth fund is said to hire ex-HSBC executive as director

Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn

HSBC pays dividend after quarterly profit beats estimates

The improved credit outlook prompted the bank to pay an interim dividend of 7 cents a share

Aldar properties abu dhabi

Aldar Properties becomes MENA’s first real estate company to secure sustainability-linked loan

Aldar will invest a fixed amount in one or more ESG projects if it does not reach agreed annual targets

Stuart Gulliver Aramco

Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board

Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007

HSBC commits $5bn for UAE businesses with global growth plans

Incentives, including green lending discounts and certifications, access to targeted growth programmes, and trade-related benefits, will be offered to businesses that meet the required criteria

Wealth management of tomorrow: Emerging trends within the regional landscape

Global trends of investing with purpose have been reflected regionally as well

First Saudi tech startup that could go public picks HSBC for IPO

Jahez has also been expanding in other areas such as last-mile logistics and cloud kitchens

HSBC facilitates first blockchain transaction for steel between UAE, India

The Contour blockchain platform enabled end-to-end digitisation of the documentation required to import flat carbon steel

Saudi Arabia’s Acwa Power set to raise $1bn in sukuk sale

The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan

HSBC shares fall to 25-year low on China fears, banks report

Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”

HSBC arranges first green export credit agency loan for Saudi ministry

The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network

The way forward for GCC’s sustainable construction space

Regional governments are stepping up efforts to transition to sustainable building practices