In the wake of the coronavirus pandemic, Abu Dhabi Islamic Bank (ADIB), a leading financial institution becomes the first Islamic...

 In its China life insurance joint venture, HSBS Holdings enters to buy the remaining 50%  stake to fully own the company as China gears up its markets by removing foreign ownership  restrictions on foreign funded insurance companies.   This agreement will help HSBC to expand its mark in China, as part of CEO Noel Quinn’s plan  to boost the company’s business and enhance its investments and capital to Asia. In a  statement, Quinn tells that they are trying to make steps in their growth strategy, despite the  coronavirus pandemic, and that the transaction will help boost the ambition of accelerating  growth in their Asian franchise and further extend their capabilities in wealth.   As part of its broad overhaul announced earlier on February, HSBC, Hong Kong had turned its  focus on growth markets such as mainland China and Hong Kong.   After U.S. and Japan, China’s insurance comes third with an estimated $318bn in premiums,  and with current reforms in ownership restrictions, HSBC joins the list of companies as foreign  fully-owned insurers in mainland China. China opened its asset-management markets for wider  foreign firms and companies on April 1st this year despite the ongoing Covid-19 crisis.   

It’s Facebook official now- between the social network and U.S. Federal Trade Commission , the $5 billion settlement is approved by a...

 In a statement, Vietnamese private firm Trung Nam Group announced that it will be constructing Southeast Asia’s largest solar farm...

Giving a cautious optimism for the real estate sector, the Saudi Real Estate Index increased by 1.2% in the first quarter (Q1) of...

In a collaboration to address financial concerns for fintech firms, the Singapore FinTech association (SFA) and Razer Fintech are going...

Despite burdened financial tightness, Oman Insurance Company (OIC) has announced to actively speed up claims payments on hospitals. OIC has already initiated and moved payment of more than...

By receiving license from Visa, Qatar National Bank (QNB) has become the first foreign bank to grant Visa solutions in Sudan. QNB’s customers living...

With barely a week since Trump’s tweet about the international coalition with 23 countries, oil prices of West Texas Intermediate (WTI) for May...

The Saudi Arabian Monetary Agency (SAMA) was issued on Tuesday to regulate licensing rules for activities to support of the...