According to Swiss news agency AWP, the Saudi Minister of Finance said on Wednesday that the relevant license would be issued to the major bank. The news agency report did not state when.
The bank had already been applying for a full banking license in the largest economy in the Middle East for some time. Its top executive Tidjane Thiam said he had travelled to the country personally.
Thiam had cancelled his participation in a Saudi investor conference last autumn – as had some other economic leaders – due to the uproar sparked by the killing of Saudi journalist Jamal Khasshogi in the Arab nation’s consulate in Istanbul, Turkey.
Doctors Without Borders demands Swiss Gaza clarification
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The NGO Doctors Without Borders (MSF) has challenged Swiss foreign minister Ignazio Cassis to explain his controversial Gaza statements.
Data centres use four times more electricity than average
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The power consumption of data centres, used in particular for AI, is four times higher than average, warns the International Telecommunication Union.
One in five bee colonies failed to survive Swiss winter
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Almost a fifth of bee colonies in Switzerland failed to survive the winter. Losses have been greater than in previous years.
Switzerland condemns deadly attack on UN convoy in Sudan
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Switzerland has strongly condemned the deadly attack on a United Nations humanitarian convoy in Sudan. Five people were killed, wrote the Federal Department of Foreign Affairs (FDFA) on Platform X.
Most over-65s in Switzerland regularly use the internet
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The digital divide is narrowing faster than expected in Switzerland. A study published on Wednesday reveals that nine out of ten over-65s use the internet.
Will Swiss president be forbidden from speaking English to counterparts?
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Switzerland's president, Karin Keller-Sutter, should use one of the country's four national languages when communicating with international organisations, and not English, according to a motion that passed on Wednesday.
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Credit Suisse to take controlling stake in its Chinese joint venture
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The Swiss bank has agreed with Founder Securities to increase its shareholding in its Beijing-based Credit Suisse Founder Securities joint venture.
‘Credit Suisse should write-off Mozambique debt’: aid agencies
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Mozambique has been devasted by severe flooding caused by cyclone Idai that has killed hundreds and destroyed infrastructure. NGOs such as Helvetas, Keesa, Solidar Suisse and Terre des Hommes have sent a letter to Credit Suisse chief executive Tidjane Thiam urging the bank to re-think its policy on loan repayments. In January, three former Credit…
EU states criticise Saudi abuses, Switzerland stays silent
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Some 36 countries have signed a statement in Geneva criticizing the human rights situation in Saudi Arabia, in a rare international condemnation.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.