Informa boss shifts residency to UAE Tech The boss of a FTSE 100 company Informa has shifted his residency to the UAE and stepped back from his role in the House of Lords, to run the data and events firm from what is one of its fastest-growing regions. Lord Carter, who was the founding chief executive of media watchdog Ofcom, has relocated [...]
Abu Dhabi sets sights New York, London and Singapore Banking Over the last decade, Abu Dhabi has attracted more than 300 financial firms, with a combined $28.6 trillion in assets globally, as the city positions itself as a global “capital of capital.” ADGM, Abu Dhabi’s international financial centre, revealed it has experienced rapid growth from financial firms over the last three years, increasing from 131 [...]
The Gulf gamble: American and British law firms racing to Saudi Arabia Legal Saudi Arabia is rapidly becoming the focus of global legal attention. But this shift is not merely speculative; it is part of a calculated move by the Kingdom to attract world-class expertise. The Kingdom of Saudi Arabia changed its law two years ago to allow foreign law firms to operate independently, as part of its [...]
HSBC shares jump after naming top Natwest boss as new UK chief October 21, 2025 European banking juggernaut HSBC enjoyed a bump in its share price as markets opened on Monday after the bank named its new UK boss. David Lindberg, who most recently led retail banking operations at Natwest, will join the FTSE 100 titan to take the helm at its UK bank. Shares jumped near two per cent [...]
Reed Smith latest to enter fledgling Saudi legal market October 20, 2025 Transatlantic law firm Reed Smith has stormed into Saudi Arabia, becoming the latest international law firm to plant its flag in the Kingdom’s new legal market. Two years ago, Saudi Arabia changed its law to allow foreign law firms to operate independently. The Saudi government’s strategy was to attract international business and legal expertise for [...]
Businesses face ‘unprecedented’ political risk ahead of Budget September 23, 2025 UK business leaders are battling an “unprecedented scale” of simmering global tensions which are set to impact profitability, according to a new survey. Concerns have spiked from the beginning of the year, a fresh survey from Beazley has concluded, with 85 per cent of UK business leaders saying political risk is affecting their profitability. This [...]
HSBC: City market’s top firm turns to Asia and Middle East September 22, 2025 HSBC is setting its sights on Asia and the Middle East for further growth prospects after wielding the axe at parts of its European operations. A top boss at Britain’s most valuable bank – and top FTSE100 company by market cap – said both regions have “an enormous amount of capital” which was a significant [...]
Shell: FTSE 100 giant in line for profit hit after oil woes July 26, 2025 Shell is expected to report lower profits for recent months as the energy giant continues to battle oil price volatility and strives to return cash to its shareholders. The FTSE 100-listed company is predicted to report adjusted earnings of 3.74 billion US dollars (£2.78 billion) for the second quarter, when it publishes its latest figures [...]
Wizz Air to pull out of Abu Dhabi and cancels all flights July 14, 2025 Wizz Air has revealed plans to pull out of Abu Dhabi and cancel all flights from the start of September. The London-listed carrier added it intends to exit its joint venture and will “focus on its core markets” in the future. Wizz Air said the move follows a “comprehensive reassessment of market dynamics, operational challenges, [...]
Ryanair axes 800 flights due to Middle East conflict July 2, 2025 Ryanair has said it axed more than 800 flights last month due to the conflict in the Middle East, even as monthly passenger traffic edged up. Europe’s largest airline by passenger numbers on Wednesday reported a three per cent year-on-year increase in traffic in June to 19.9m. Wizz Air, another budget airline with high exposure [...]