Concerns of a global economic slowdown, tensions over Iran and selling by foreign investors across several Gulf Arab bourses depressed regional benchmarks. Stocks also fell on reports the Central Bank of the United Arab Emirates is planning to tighten rules on lending to help rein in inflation. “To be honest, the whole atmosphere in […]
HSBC Middle East has agreed to reduce the mortgage repayments of a customer after a barrage of complaints about the bank’s refusal to pass on successive US interest rate cuts. The move could open the floodgates for customers of HSBC and other lenders in the UAE to get their mortgage rates reduced as discontent […]
A fund backed by the government of the United Arab Emirates has snapped up an estimated £500m stake in HSBC, becoming the second Gulf-based investor to regard the shares of Britain’s biggest bank as undervalued.
An investment arm of Dubai Investment Capital (DIC) has taken a “substantial” stake in HSBC through a new fund which aims […]
Internet users in the UAE are being warned to be on their guard following a massive phishing scam targeting HSBC customers there. The phishing attack follows a reported hacking attack on Emirates Bank and a fraud incident in Dubai, where criminals captured card data and PIN numbers from an ATM using a pinhole camera […]
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