ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 04:14 UAE time

YOUR DIRECTORY /

HSBC Holdings plc

Main Category: Commercial Bank
First Address : 8 Canada Square
City : London
Country : United Kingdom
Phone: 44 20 79918888
Website: www.hsbc.com


* Helps you to create an " Email Alerts " for this company.

ALL STORIES LIST


Gulf bond issues signal debt market recovery - HSBC

Bank was one of the arrangers for IDB's $850m sukuk and Taqa's $1.5bn bonds.

read more »

IDB to start $1.5bn bond roadshow on Sept. 2

Saudi lender aiming to offer min $500m in first tranche, depending on market conditions.

read more »

Sovereign funds buddy up for top returns

SWFs are working in concert to make joint strategic investments in order to reduce risks and maximise returns.

read more »

UAE cbank rejigs interbank rate panel to spur lending

Central bank hopes change in panel will lower rates and spur lending.

read more »

Abu Dhabi power project said close to $1.1bn loan

Sponsors of Shuweihat 2 power generation project said to have lined up 12 banks.

read more »

Global Investment House slumps to $101m Q2 loss

UPDATE 1: Kuwait firm misses analyst forecast that had been looking for a profit.

read more »

HSBC Mideast sees H1 profits fall 35%

Profits slump at Mideast unit of UK banking giant reflects surging loan impairment charges across the region.

read more »

West cautious on Gulf, sovereign funds plug gap

Sovereign wealth funds look to add stimulus to local markets rather than invest overseas.

read more »

RAK starts marketing sukuk - report

Sheikdom reported to have started investor meetings to sell Islamic bonds, say two bankers and an investor.

read more »

MENA Infrastructure Fund buys 32.8% of United Power

Purchase follows auction process after watchdog required GDF Suez to sell stake.

read more »

Credit Suisse traders keep rockin’ through firings

Keep swinging with the former Wall Street workers swapping music for money.

read more »

Saad picks adviser on $6bn debt talks

Troubled Saudi group puts forward Credit Suisse as an adviser to its bank lenders, say sources.

read more »

Abu Dhabi’s IPIC plans bond sale - bankers

Abu Dhabi gov’t investment arm looking to issue bonds in Q3 to fund acquisitions.

read more »

Trustee seeks clarity from Saudi's Saad on $650m sukuk

Citicorp Trustee Co. confirms request to Saad for funds to secure against liabilities.

read more »

Bahrain sukuk priced at lower end of expectations

Fund manager says tight pricing will limit liquidity of sovereign sukuk issue.

read more »

Private Saudi firm Saad Group to restructure debt

UPDATE 1: News follows freezing of chairman Maan al-Sanea's accounts.

read more »

Dolphin seeking to refinance $3.45bn loan - sources

Abu Dhabi-based Dolphin Energy looking to replace 4-year debt maturing this year.

read more »

HSBC ME's profits rose 34% last year

The bank suffered a deterioration in credit quality in the last quarter of 2008 in wake of global crisis.

read more »

HSBC set for £12.6bn cash call

UK bank, in which Dubai International Capital and Saudi's Saad are major shareholders, set for huge rights issue.

read more »

Buying versus leasing in the UAE

With scandals involving regional real estate tycoons, the recent chaos in the US housing market and the global financial crisis, people are wondering how the Middle East is going to be affected; more specifically how the real estate and property market will be influenced and whether it can retain the confidence of potential investors.

read more »

UAE scores poorly in HSBC expats survey

Bank's Expat Explorer poll sees Gulf nation rooted at bottom of table, alongside China, out of 14 countries.

read more »

Hedge funds prowl Japan's Ashiya City

Why the place is a feeding ground for hedge funds tapping the wealth of people like Kunihisa Sagami.

read more »

From flippers to floppers

One has to feel for the now extinct species of property pundits known as ‘flippers’. They came, they saw, they coined it.

read more »

Dubai villa prices fall 19% in Sept

UPDATE 1: HSBC report shows property prices in emirate fell 4%, while in Abu Dhabi prices dropped 5%.

read more »

HSBC: AED20,000 monthly salary needed to get loan

EXCLUSIVE: Bank doubles minimum amount someone in UAE must earn to qualify.

read more »

Google and HSBC back Ob3 satellite Internet project

'Other 3 billion' project is expected to cost $650mn and has now raised $65mn in equity.

read more »

Oil price drop will not dent Gulf economic boom

Even at $70 a barrel Gulf exporters still booking windfall returns, analysts say.

read more »

UAE most luxurious country in world for expats

Luxury lifestyle helps make Gulf state number two in global rankings - survey.

read more »

Residents suffer, house price climb unrelenting

Prices soar 61% in Abu Dhabi, 37% in Dubai during H1, rents climb 58% and 22%.

read more »

Abu Dhabi housing shortage forces Dubai commute

Shortage so severe people moving to Dubai, making hour and a half journey every day.

read more »

Anti-fraud intelligence

HSBC's head of fraud risk on how modelling customer behaviour may spot fraudulent transactions.

read more »

Future Pipe to borrow $150mn after shelving IPO

Dubai fibreglass pipe maker looking to refinance debt, in talks with HSBC, Mashreq.

read more »

Drake and Scull looking to raise $272mn in IPO

Dubai-based contracting firm plans to sell 55% stake and list on DFM by October.

read more »

Saudi Kayan pens $6bn loan deal

Petrochemicals firm signs agreement with group of banks to part finance complex in Al-Jubail industrial zone.

read more »

HSBC launches diamond banking unit in Dubai

New unit will provide full range of financial services to local diamond trade.

read more »

HSBC in biggest dirham bond sale by bank

Lender sells five-year bonds worth $612.7mn at 70 basis points above six-month Eibor.

read more »

Sabic gets approval for $1.3bn sukuk

Saudi petrochemical giant's five-year Islamic bond sale to be denominated in riyals, source says.

read more »

Omantel posts record profit on royalty cut

Omani telecom nets biggest ever Q1 income of $99.74mn after paying less royalties and gaining users.

read more »

Saudi inflation risks topping 10% in March

Inflation could hit double-digits after money supply rose 26% in February - analyst.

read more »

Business confidence drops across Gulf

More businesses concerned about inflation and weakness in US dollar, according to new HSBC report.

read more »

Abu Dhabi bourse plans Asia roadshow

Some of emirate's biggest listed companies to accompany stock market on public relations drive.

read more »

In hard times, global banks lean on Asia

With the US economy flatlining, Asia appears to be the silver lining in increasingly gloomy times.

read more »

Etisalat offers international bank transferals via phone to UAE residents

Pilot project launched in association with Mashreq, Tata Communications, Idea Cellular and HSBC India

read more »

Abu Dhabi property prices to climb 25%

HSBC just the latest to predict surging prices will continue unabated in UAE capital this year, report says.

read more »

Qatar Petroleum IPO five-times oversubscribed

Share sale for new holding company grouping three QP services firms.

read more »

Qatar finalises $2.5bn Chelsea Barracks loan

Loan complies with Islam's ban on interest, will also help cover development costs.

read more »

ADCB slashes lending rates

Abu Dhabi Commercial Bank reduces rates in move that may spur property prices and inflation.

read more »

Ajman to raise $149mn in IPO to create Islamic lender

Ajman Bank plans to open first branch in emirate, before moving into other UAE emirates.

read more »

Inflation and the dollar peg

Authorities need to take action to stem imbalances as real income for the majority of the UAE's inhabitants continues to fall.

read more »

Abu Dhabi Ports borrows $125mn to fund construciton

Firm secures one-year revolving credit facility to help finance $10bn Khalifa Port project.

read more »

Expected US rate cut renews calls for Gulf to depeg

Further moves by Fed highlight shortcomings of link to tumbling US dollar, analysts say.

read more »

Keep dollar peg, urges HSBC

CEO of HSBC Holdings Middle East says inflationary pressures due to supply constraints and not peg.

read more »

Dubai International Capital

Sameer Al Ansari, CEO of Dubai International Capital, tells Daniel Stanton how the firm is positioning itself as a global private equity player.

read more »

Brit gain, Indian currency pain in 2008

More bad news for Indian expats in 2008 as rupee looks set to continue to appreciate.

read more »

Hong Kong tries to lure Islamic Funds

Islam exists on the fringes of Chinese territory Hong Kong, and until recently there was no need for Islamic bonds.

read more »

Arabs billionaires top the league

The Arab world now boasts a record 46 billionaires, according to the latest Arabian Business Rich List.

read more »

Rents to surge as demand outpaces supply

Abu Dhabi rents to rise further on demand and mortgage offers, according to HSBC.

read more »

A sleeping giant

How opportunities in the Gulf's liberalising insurance industry are attracting big international players.

read more »

HSBC, DIFX launch sukuk indices

Benchmarks to help investors better gauge value of fixed income assets and encourage trading.

read more »

Business backs ditching dollar peg

Significant proportion of businesses in favour of Gulf states dropping peg to US currency, study shows.

read more »

Saudi oil exports in decline

Revenues to fall 12% to $165bn after last year's record, as world's largest oil exporter restricts production.

read more »

HSBC to tap UAE stock markets

Lender setting up a brokerage company to give its institutional and retail clients access to Emirates stocks.

read more »

Abu Dhabi office space undersupplied

Just 1% of office space currently vacant in emirate despite increase of 200% in retail space since 2000.

read more »

Land Department defends escrow accounts

The Dubai Land Department has defended escrow accounts amid rumours of "grey areas" for developers registered as offshore.

read more »

WINDOWS investigates: UAE internet banking

If you're looking to set-up an online bank account in the UAE, read on as the WINDOWS team checks out some of the market's current offerings and suggests which of these you can bank on.

read more »

Banks get on escrow bandwagon

Three leading banks launch escrow accounts following amendments to Dubai's property law.

read more »

Over the limit

With readiness of banks to grant residents loans, will we ever be free of the debt doldrums?

read more »

School’s out for summer

Financial activity in the Middle East used to slow down over summer – but is this starting to change?

read more »

Sharia to dominate Gulf project finance

Islamic finance could soon wrest control of the local $50bn project finance market.

read more »

HSBC to sell $3bn sukuk in Q3

Bank expects to arrange sale of Islamic bonds for petroleum and utility firms.

read more »

HSBC to sell mortgage-backed bonds

HSBC plans to raise $67m from sale of bonds for commercial tower in Dubai.

read more »

Dubai's designs on Hong Kong

Charlotte Butterfield on how the emirate, as a future governor of global design, may look to the east.

read more »

Oman rules out single currency

'Time is short' on a 2010 monetary union as Oman confirms it is out following Kuwait's move to drop the dollar peg.

read more »

Dubai rents among world's priciest

The emirate has been ranked the 14th most expensive city for tenants.

read more »

What now for Amlak?

Rivalry and resignations have forced Amlak Finance to make some tough decisions.

read more »

Patience with patents pays

Microsoft has fired a clear shot to the open source industry, explains Peter Branton.

read more »

Dubai takes 'substantial' stake in UK's HSBC bank

NewDawn GSE Asset Management Limited has become a leading shareholder in global financial services firm HSBC Holdings plc.

read more »

Game over?

Writing a cheque that bounces can have serious repercussions in the UAE. Diana Milne reports on what happens to those who get caught.

read more »

Increasing the net profits

Middle East banks are generating customer loyalty with online services, but security is now increasingly vital.

read more »

Banks face a net loss

One UK website is cutting banks out of the consumer loan market - a concept that could have serious consequences for Mideast banks.

read more »

Expo brings in 14,000

Project Qatar, which took place between 2-5 April in Doha attracted nearly 14,000 visitors this year, with a total of 2,489 attendees from the Middle East.

read more »

Gulf institutional investors prefer Kuwait bourse

Kuwait is the favourite stock market for institutional investors in the Gulf Arab region, according to an HSBC survey.

read more »

Finance for Burj interiors agreed

Depa Interiors has signed a $117m finance deal for work at the world's tallest tower.

read more »

Saudi's Maan al-Sanea seeks $5bn loan

Saudi Arabian head of the diverse Saad Group wants the money to finance new investments.

read more »

KSA investor buys $6.6bn HSBC stake

Problems with the U.S. mortgage business may have prompted Maan al-Sanea to buy a 3.1% stake.

read more »

Wealth gloom haunts Saudi economy

The Kingdom could continue to feel the strains of a slowdown in domestic consumption, says report.

read more »

Borrowed time

Why the West's debt nightmare could be heading here.

read more »

Borrowers beware

Personal loans can provide a quick fix in times of need, but if you don't read the small print you could find yourself paying more than you ever bargained for.

read more »

GCC business confidence on a high

The Gulf's first ever business confidence survey has revealed an extremely positive outlook in the GCC market with over 50% of companies expecting to increase their investment over the next three months.

read more »

Kuwait may counter dinar speculation

Unspecified measures could curb profits on currency purchases made on revaluation hopes.

read more »

Management changes at HSBC Middle East

Senior managerial promotions announced at HSBC Middle East.

read more »

UAE economy surges on oil, trade

Petroleum and manufacturing help spur growth of 8.9% in 2006.

read more »

Branching out

Retail banks are having to manage their branches better as they run out of space on the high street.

read more »

Rising costs raise privatisation fears

PPPs are under threat, says a leading finance expert.

read more »

Regional weekly financial overview

All of the region’s equity markets gained value earlier, with the exception of Qatar that continued to shed value, according to HSBC bank.

read more »

Sourcing benefits

India has long been the outsource powerhouse in terms of workforce, scale of operation and resources, but now the Middle East wants its piece of the pie. ACN examines the outsourcing aspirations of the Gulf region.

read more »

Credit boosts Abu Dhabi tourism

Abu Dhabi tourism development and investment to be boosted by syndicated credit facility for new projects

read more »

HSBC to focus on small business

Banking giant will encourage commercial customers to move to more efficient electronic banking services

read more »

GCC: After The Boom

Consolidation is going to be key for the GCC's economic performance over next two years.

read more »

HSBC acquires significant stake in Flip Media

HSBC Private Equity Middle East has bought a "significant" stake in Dubai-based interactive marketing agency Flip Media.

read more »

Phishers pose homegrown threat

Online banking customers are coming under pressure from local criminals, as security companies reveal phishing attacks originating from Saudi Arabia, Jordan, Morocco and Egypt.

read more »

Gulf banks on alert for online account theft

Phishing attacks are getting closer to home here in the Middle East, with security experts warning that many are now originating within the region.

read more »

Banking on security solutions

Online security threats remain a major problem for large enterprises and their customers in the Middle East. With multi pronged attacks growing in frequency and sophistication, Sherief Younis discovers what is being done in the Middle East to ensure a secure online environment for customers.

read more »

Phishing attacks now homegrown

Arabic speakers being used to target region, experts warn

read more »

Gamuda borrows for NDIA

...

read more »

Cool customer

Emirate\'s Bank new CEO Rick Punder predicts a healthy and high-tech fuure for banking in the UAE and the GCC region.

read more »

Financial PR firms look to cash in on the region

As two financial public relations giants enter the Middle East, Steve Wrelton asks what they must do to make an impact

read more »

Keeping your identity

Systems security used to be about keeping the bad guys out, but as threats have evolved identity management and authentication have emerged as key to successful policing

read more »

HSBC Bags DFSA License

...

read more »

HSBC Middle East appoints commercial banking head

...

read more »

Calling the shots

Customer service has long been neglected by the region’s businesses. Now the drive for customers and competitive advantage is pushing the initial wave of customer call centres. But do these expensive and complex solutions provide a real return on investment?

read more »

Gulf banks' get new weapon to deal with operational risk

ABS and Fransin of HSBC have joined forces to create a software package which will help Gulf banks better cope with one of its most serious problems.

read more »

Crackers strike again in oil protest

UK-based bank HSBC has become the latest victim in a campaign against high fuel prices being waged in cyberspace by computer hackers

read more »

Tell us your story

READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  2. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM