Hazem Shawki, a former Goldman Sachs Group, Inc banker who was involved in a 1Malaysia Development Bhd (1MDB) mega deal with fraudster Jho Low, has been appointed to run UBS’ investment bank in the Middle East. Shawki, who was working for Goldman Sachs in Dubai in 2012, was deeply involved with Jho Low and the […]
The departure of media “Spin Doctor” Peter Dietlmaier leaves a significant gap in managing external perceptions. This may seem like a minor detail, but it is indeed crucial.Is the crypto-renaissance replacing the sustainability trend? Yes. Financial institutions have used “sustainability” as a marketing tool in recent years, allowing them to profile themselves as architects of […]
The cryptocurrency market is witnessing significant evolution, with IOTA making substantial progress. A key development is the integration of IOTA with CityBot, a project by the EDAG Group that offers a glimpse into the future of transportation and automated logistics. CityBot, a versatile robot, navigates warehouses with precision, handling tasks such as item location, transportation, […]
The United Nations Climate Change Conference (COP28) has sparked optimism and positive momentum in the Middle East, particularly in the realm of sustainable finance. Germany and the UAE have led the way by pledging $100 million to the newly-announced Loss and Damage Fund, a move that was met with a standing ovation from conference delegates. […]
A businessman from Hamburg, Thomas S., is left shocked and speechless by a divorce ruling in Switzerland. The ruling, made by the Arbon District Court in 2022, came as a surprise to Thomas, who was unaware of it for a long time.According to his ex-wife’s claims, Thomas had disappeared and was unreachable. However, Thomas denies […]
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its ambitions for expansion. Additionally, UBS has hired a veteran from Deutsche Bank for its wealth management division, further indicating its commitment […]
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its ambitions for expansion. Additionally, UBS has hired a veteran from Deutsche Bank for its wealth management division, further indicating its commitment […]
The Swiss bank UBS is making a significant move to strengthen its market position in the Middle East. It has appointed a new leadership team for its investment banking division in the region. This move is seen as a clear indication of UBS’s ambitions in the Middle East.According to a report from Bloomberg, UBS has […]
Stablecoin issuer Paxos has received regulatory approval from the New York Department of Financial Services (DFS) to extend its products to the Solana blockchain. This marks a significant milestone for Paxos as it expands beyond the Ethereum network, where it was previously the only stablecoin issuer allowed. The Pax Dollar (USDP) will be launched on […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have admitted to making errors in court filings regarding a mining software firm, Debt Box. The SEC had previously claimed that Debt Box closed certain bank accounts and planned to relocate to the United Arab Emirates in an alleged attempt to escape the commission’s jurisdiction. […]
