Economy & business news

Credit Suisse and Saudi National Bank

Saudi National Bank makes big loss on Credit Suisse deal

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

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UAE Russia

UAE's Russia ties bring economic benefits and risks

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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