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HSBC said it has agreed to pay the large US penalty over its conduct in residential mortgage-backed securities Source: Arabian Business Industry News (ITP.NET)

The first of two rounds of US sanctions kicked in this morning, targeting Iran’s access to US banknotes and key industries, including cars and carpets Source: Arabian Business Industry News (ITP.NET)

The Central Bank of Kuwait said that the data is has published does not delate to bad debts owed to banks or financial companies by a specific category of customers Source: Arabian Business Industry News (ITP.NET)

The move is the latest in a series of measures Saudi Arabia has taken since its diplomatic row with Canada Source: Arabian Business Industry News (ITP.NET)

Plans to relocate 7,000 students and their families in Canada to other countries, with Ireland, Australia, New Zealand, Japan and Singapore also on the list of potential destination countries Source: Arabian Business Industry News (ITP.NET)

Indian-born Indra Nooyi to quit PepsiCo CEO role in October but will remain chairman until early 2019 Source: Arabian Business Industry News (ITP.NET)

India’s aviation regulator has reportedly suspended two pilots after a Jet Airways plane overshot runway at King Khalid International Airport Source: Arabian Business Industry News (ITP.NET)

Serhat Yildirim is named chief digital officer of Abu Dhabi Islamic Bank as part of efforts to accelerate innovation in its online services Source: Arabian Business Industry News (ITP.NET)

Emirates Nuclear Energy Corporation says it has successfully completed pre-operational testing on Unit 2 of the Barakah Nuclear Energy Plant Source: Arabian Business Industry News (ITP.NET)

Fresh from shooting her first film in English, Haifaa al-Mansour plans to return to her native Saudi Arabia next month for her new project Source: Arabian Business Industry News (ITP.NET)