Member of PLC Othman Mukalli meets with French Ambassador
Member of the Presidential Leadership Council, Sheikh Othman Mujalli met Thursday with the French Ambassador to Yemen, Catherine Corm-Kammoun.
Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria
The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.
Austrian central bank expects 0.3 percent growth in 2025
The Austrian Central Bank expects the local economy to record a slight growth in GDP of 0.3 percent for the current year 2025, thus avoiding entering a third year of recession, following stronger than expected economic performance in the first half of the year.
Leeds United beat Everton in English Premier League
Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.
Last Update: ،
2025/09/18
Time
05:53:25
Latest News:
Yemen and Bahrain Strengthen Oil and Gas Cooperation at Regional Conference
Gov't delegation introduced to experience of party school in Shanghai
Amb. al-Eryani discusses with Friedrich Ebert Foundation developments in Yemen
Industry Minister Meets Chamber of Commerce Chiefs to Boost Private Sector Partnership
Leadership Council Chairman Orders Crackdown on Criminals in Taiz After Deadly Assassination
Latest News:
Yemen and Bahrain Strengthen Oil and Gas Cooperation at Regional Conference
Gov't delegation introduced to experience of party school in Shanghai
Amb. al-Eryani discusses with Friedrich Ebert Foundation developments in Yemen
Industry Minister Meets Chamber of Commerce Chiefs to Boost Private Sector Partnership
Leadership Council Chairman Orders Crackdown on Criminals in Taiz After Deadly Assassination
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 -
Austrian central bank expects 0.3 percent growth in 2025
Emirati economy grows 5.3 percent in non-oil businesses
Oil declines but stabilizes near its highest in a month
WB grants a $100 million to Madagascar
Natural gas prices in Europe decline to lowest level
U.S. federal debt exceeds $37 trillion
1.5 trillion dollars in revenue for light industry sector in China
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
