Samir Assaf, CEO of HSBC Global Banking and Markets, explains why Vision 2030 is such an important opportunity, both for Saudi Arabia and the international financial community.
Back in 1999, packaging specialists Cellopack Egypt had a turnover of EGP12m. Today, that figure stands at EGP85m – the result, says the firm, of combining a winning growth strategy with the solid financial and operational foundation to make it happen.
Oman LNG’s relationship with HSBC has come to epitomise all the benefits of electronic banking and straight through processing (STP). From a heavy reliance on paper, the company’s accounts payable function has been transformed and now uses highly secure electronic payments processing.
The gadgets ban forced Emirates to reduce frequencies on certain US routes, but it opened opportunities in China, India and Russia.
A robust non-oil sector is spurring confidence in the UAE economy, which saw its credit outlook upgraded, as the budget deficit declines and surplus increases.
Oil-producing nations ditch market-share policy in order to buoy crude oil prices, by agreeing to stretch the production cutback by a further nine months.