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.
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Documentary portrays Swiss teenagers forced to return to parents’ homeland
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Starting Wednesday, Swiss researchers will have access to the European Research Council’s Proof of Concept Grants, said the European Commission.
Switzerland fined for denying asylum for gay Iranian
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Switzerland violated the prohibition on inhuman treatment by considering that a gay Iranian could be returned to his country.
Gestational diabetes found to increase risk of adult-onset diabetes
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Swiss village must be evacuated by midday on Sunday
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The village of Brienz-Brinzauls in eastern Switzerland, which is threatened by a rockfall, must be evacuated by 1pm on Sunday. All residents must leave the village.
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A former judge of the Graubünden Administrative Court in eastern Switzerland has been found guilty of rape, sexual harassment and threatening a former trainee.
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Credit Suisse to take controlling stake in its Chinese joint venture
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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.