HSBC Private Bank has confirmed the appointment of Feras Al Jarmani to lead its UAE Market, taking on overall responsibility for the bank’s private banking business across the country.
Companies Creating Change (C3), has launched a new programme named C3 Nature Impact Accelerator, in partnership with HSBC, to strengthen high-potential initiatives restoring critical ecosystems, advancing nature positive solutions, and building resilient communities across the Middle East, North Africa, Türkiye (MENAT), and Southeast Asia.
HSBC has been appointed as an International Primary Dealer by the Saudi Ministry of Finance and National Debt Management Center (NDMC), enabling the global bank to act as an intermediary between foreign investors and Saudi Arabia’s local government debt instruments.
Saudi Arabia’s Ministry of Investment has granted HSBC a Regional Headquarters (RHQ) licence for its Capital Markets and Advisory business, bolstering the bank’s presence in the kingdom as it expands its investment banking operations across the Middle East.
HSBC has been mandated to finance six Airbus A350-900 aircraft for Emirates Group and has completed the financing of five through a Japanese Operating Lease with Call Option (JOLCO).
The Strait of Hormuz could become redundant within five years as Gulf countries accelerate investment in alternative energy export routes following the Iran war, HSBC Group Chief Executive Georges Elhedery said, even as renewed supply concerns pushed Brent crude above $110 a barrel on Wednesday.
Gradiant, a leader in advanced water and wastewater solutions, has announced the closing of a key corporate facility with HSBC, which brings its total credit to over $100 million. The new funding reflects its growing capital maturity and profitability.
HSBC has appointed Sami Abouzahr as Head of International Wealth and Premier Banking (IWPB), UAE and Middle East, effective immediately.
