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.
Train line between Brig and Domodossola interrupted
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One day after a derailment approximately 15 kilometres from the Swiss border, BLS is running buses for passengers between Preglia and Domodossola, in Italy.
Swiss football boss wants crackdown on individual hooligans
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The head of the Swiss Football League says he prefers a harsher approach to individual hooligans rather than collective punishment measures affecting all fans.
Amherd: Council of Europe is ‘as urgently needed as ever’
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The Swiss government emphasised on Sunday the vital role of the Strasbourg-based Council of Europe, 75 years after it was founded.
Swiss minister: Italy will back Switzerland in EU talks
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Bern can count on the backing of Italy as it re-enters talks with the European Union on future relations, Viola Amherd says.
Student protestors at University of Lausanne continue pro-Palestine sit-in
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Since Thursday, a hall on campus has been occupied by students calling for a boycott of Israeli academic institutions and a ceasefire in Gaza.
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Swiss public broadcasters RTS and SRF are drastically reducing their communications via the social network X (formerly Twitter).
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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.