Saudi National Bank (SNB)’s investment in banking giant Credit Suisse has proved to be a costly transaction, with the value of its stake falling by around $1.2bn in the space of a few months.
Issue 1166 - 24 March 2023
While America and Europe continue to present a united front in response to Russia’s war in Ukraine, the UAE’s more ambivalent stance continues to cause concern in western capitals – and has the potential to undermine, or at least complicate, the country’s diplomatic and commercial relations with the United States and its allies.
Issue 1166 - 25 March 2023
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