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24.10.26 - 08:00
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HSBC to open new wealth centre in Abu Dhabi despite regional conflict (SCMP)
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HSBC, the biggest lender in Hong Kong and Europe, will open a new wealth management centre in Abu Dhabi in December, as the lender has not found the conflicts in the Middle East have dampened demand for its wealth business in the region, according to a senior executive.
Mohamed Al Marzooqi, CEO of HSBC in the United Arab Emirates (UAE), said the new project formed part of the lender's largest investment in the Middle East in two decades, after the opening of a wealth management centre in Dubai......
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23.10.26 - 19:36
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Major Oil Spill From Attacked Tanker Forces Closure Of UAE Beaches (ZeroHedge)
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Major Oil Spill From Attacked Tanker Forces Closure Of UAE Beaches
Amid the record pace in Iranian attacks on crude tankers in the Strait of Hormuz, many have been wondering: where does all that oil end up when it comes to severely damaged or sunken tankers?
On Friday the UAE has confirmed a deeply alarming event: some of its beaches are being shuttered as a major spill is washing up after a tanker was struck by a projectile off the UAE coast, resulting in a fire aboard the vessel and apparent major spillage. The attack incident happened earlier in October.
Regional media, illustrativeAuthorities have "detected a tanker oil spill affecting Umm Al Quwain's beaches," the Ministry of Climate Change and Environment announced in a statement.
It confirmed that the emirate in question was forced to close its beaches, and that "teams immediately began containment, cordoning, clean-up and remediation... to limit environmental impacts."
International reports have identified that t...
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