The Global Economics

The Saudi Arabia’s central bank which is aiming at a sustainable economic growth during the coronavirus pandemic asserted its commitment to the Riyal-US dollar...

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...