Defense Minister discusses security, military developments
Defense Minister Major General Dr. Mohsen al-Daeri discussed Thursday with British Ambassador to Yemen Abda Sharif latest developments in security and military situations and ways to enhance cooperation in training and qualification.
Bulgaria Launches First Innovation Centre for Internal Security
Bulgaria's Prime Minister, Rosen Zhelyazkov, inaugurated the country's first innovation centre dedicated to internal security, AXON lab, at the Academy of the Interior Ministry on Friday. The centre focuses on training and applying modern technologies in law enforcement.
Foreign currency reserves in Egypt increase up to $49.036 billion
The Central Bank of Egypt announced an increase in the net foreign currency reserves to $49.036 billion by the end of July 2025, compared to approximately $48.700 billion at the end of June, with an increase of $336 million.
Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
Last Update: ،
2025/08/08
Time
04:25:17
Latest News:
President al-Alimi meets with the leaders of the National Coalition of the Political Parties
United States Praises Yemeni Security Forces for Interdicting Large Quantity of Hashish
Presidential Council Member Reviews Efforts to Operate Aden Refineries and Secure Fuel for Electricity
Maj. General al-Zubaidi warns of cooperation between Houthi militias and Somalis Shabab movement, al-Qaeda
FM, South Africa Ambassador discuss joint cooperation
Latest News:
President al-Alimi meets with the leaders of the National Coalition of the Political Parties
United States Praises Yemeni Security Forces for Interdicting Large Quantity of Hashish
Presidential Council Member Reviews Efforts to Operate Aden Refineries and Secure Fuel for Electricity
Maj. General al-Zubaidi warns of cooperation between Houthi militias and Somalis Shabab movement, al-Qaeda
FM, South Africa Ambassador discuss joint cooperation
UBS officially acquires rival Credit Suisse
[12/06/2023 08:38]
BERN-SABA
Swiss bank UBS announced Monday that it has formally completed its takeover of rival Credit Suisse in a $3.2 billion deal in March.
Newly enlarged UBS will have a balance sheet of $1.6 trillion and 120,000 staffs worldwide, yet UBS has already said it would cut jobs to take advantage of the synergies and cut costs
Swiss regulators played a key role in the takeover amid concerns that massive losses at Credit Suisse would destabilize the banking system.
The organizers said they would cover losses of up to 9 billion Swiss francs ($10 billion) after UBS incurred the first 5 billion Swiss francs as part of the deal.
Swiss bank UBS announced Monday that it has formally completed its takeover of rival Credit Suisse in a $3.2 billion deal in March.
Newly enlarged UBS will have a balance sheet of $1.6 trillion and 120,000 staffs worldwide, yet UBS has already said it would cut jobs to take advantage of the synergies and cut costs
Swiss regulators played a key role in the takeover amid concerns that massive losses at Credit Suisse would destabilize the banking system.
The organizers said they would cover losses of up to 9 billion Swiss francs ($10 billion) after UBS incurred the first 5 billion Swiss francs as part of the deal.
Key words:
destabilize - SABA Swiss - regulators - organizers - completed - synergies - Swiss - worldwide - Newly - advantage -
Foreign currency reserves in Egypt increase up to $49.036 billion
GDP grows 0.1 percent in Eurozone
China's fiscal expenditure increases 3.4 pect in H1
Korea's exports shrinks 2.2 percent
Italian GDP rises 0.3 percent
China's Foreign Exchange Reserves Rise to $3.2853 Trillion in May
U.S. President plans to increase tariffs on steel, aluminum imports
Japan supports its small, medium enterprises with $15.5 billion to face U.S. tariffs
IsDB sings financing agreements worth over$1 billion
GDP grows 0.3 percent in Eurozone, EU in 1Q
