ABU DHABI / WAM Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the UAE, conducted a board meeting to review its results for the period ending December 31, 2022. The board discussed the bank’s milestone achievements over the course of the year, in addition to its ambitions for 2023 as the bank ...

BLOOMBERG Ghana’s cedi, the world’s second-worst performing currency this year, is heading for more pain after the West African nation missed a self-imposed deadline to restructure its bilateral debt and move closer to tapping foreign aid. Finance Minister Ken Ofori-Atta wanted to reach a restructuring agreement with bilateral creditors by the end of February to help qualify for a $3 ...

BLOOMBERG Senior investment bankers at HSBC Holdings Plc in Hong Kong could lose their private offices as the firm moves towards open-plan desks for the financial hub, causing angst among some executives who’ve complained about potential confidentiality risks. The investment-banking division isn’t being singled out and the plan is in line with a broader move across the company, people familiar ...