The investment will be across several years and will see its capacity increase from its current 12 million bpd. On Thursday, Saudi Arabia’s energy minister Khalid al-Falih said, the Kingdom will invest $20 billion in the coming years to maintain… Read More ›
The capacity expansion was supposed to pave the way for it to replace Dubai International, currently the world’s busiest for international travelers, and to become the new base of airline Emirates. A timeframe for completion has not been provided. According… Read More ›
The CEO of Skoda Auto, a unit of VW, disclosed this news, which could potentially involve making a new auto plan, at the Paris car show. Bernhard Maier, the Chief Executive of Volkswagen’s Czechoslovakian brand Skoda Auto stated, the carmaker… Read More ›
Although Britain is set to leave the EU in March 29, 2019, it has agreed to pay its share of debts and liabilities assumed by the EU until the end of 2020. According to EU data released on Thursday, Britain’s… Read More ›
The deal marks HSBC Amanah’s efforts to integrate the religious principles of Islamic finance with the U.N’s sustainable development goals. The Malaysian Islamic banking arm of HSBC Holdings, HSBC Amanah, stated it has raised $120.63 million (500 million ringgit) worth… Read More ›
The potential development comes ahead of the introduction of global shipping fuel rules, set to be introduced in 2020, which see sulphur component in marine fuel dip to 0.5% from 3.5%. According to a senior executive from Exxon Mobil Corp,… Read More ›
While some sections of the Eurosceptics are pushing to loosen lending rules, KPMG expects that Britain’s FCA and the Prudential Regulation Authority at the Bank of England will in fact tighten and enhance rules governing finance. In a report released… Read More ›
Backers of Brexit want new financial rules to be not overly burdensome. The FCA and its sister concern the Prudential Regulation Authority at the Bank of England clearly have their task cut out. According to a top UK regulator, investors… Read More ›
Howard Wilkinson – the former head of Danske Bank’s trading business in the Baltics is scheduled to testify before the European Parliament’s special committee on financial crimes, tax evasion and tax avoidance on November 21, 2018. On Tuesday, Dane Jeppe… Read More ›
Euroclear is the first non-U.S. financial services platform which has been allowed to connect to the U.S. Federal Reserve’s National Settlement Service. Euroclear, a post-trade services provider stated, its Ireland and UK businesses has linked up with the U.S. Federal… Read More ›
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