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HSBC Plans Focus on Asia and Middle East Following European and US Exits
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25.03.202525.03.2025Banking

HSBC Plans Focus on Asia and Middle East Following European and US Exits

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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...

Abu Dhabi Named World's Safest City for Ninth Consecutive Year
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19.03.202519.03.2025Business

Emaar, The Economic City Restructures $266 Billion Loan with PIF

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Saudi developer Emaar, The Economic City, has finalized a binding restructuring agreement with the Public Investment Fund (PIF) concerning a substantial loan deal valued at SR1 billion ($266 billion). This agreement marks a significant step for the company, which is the master developer of the King Abdullah Economic City located on the Red Sea coast....