ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added) has signed a memorandum of understanding (MoU) with Abu Dhabi Islamic Bank (Adib) to jointly offer bank account opening procedures for investors and business licence owners issued by Added, facilitating business in Abu Dhabi. The collaboration between the two parties aim to simplify and expedite the process of opening ...

BLOOMBERG  Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit. The London-based bank, which employs roughly 300 staff in Paris, believes it could generate enough business from the office to add ...

BLOOMBERG  The pace at which the Bank of England (BOE) shrinks its balance sheet is likely to accelerate, the deputy governor for markets told UK lawmakers. The BOE is currently unwinding about £20 billion (£25 billion) of quantitative easing (QE) every three months, both as assets mature and as they are actively sold. Dave Ramsden, deputy governor, said: “There’s the ...