Nearly half of the entrepreneurs in the UAE do not have succession plans in place to ensure their businesses are passed on to the next generation, according to a recent report by HSBC. The study reveals that 48% of businesspeople in the Emirates lack such plans, which is only 5% lower than the global average....
Dubai is becoming an attractive destination for entrepreneurs from India and the UK, as many are considering relocating their operations and assets to the UAE. A recent report by HSBC reveals that 5% of business owners from overseas are contemplating this shift, with those from India and the UK showing a particular interest. The report...
HSBC Holdings Plc is set to intensify its investment banking efforts in Asia and the Middle East, following its recent withdrawal from significant operations in Europe and the United States, as stated by Chief Executive Officer Georges Elhedery. This restructuring initiative is projected to yield $1.5 billion in efficiency savings, allowing HSBC to invest in...