Economy








Tadawul wins Best Managed Stock Exchange accolade

The Saudi stock exchange (Tadawul) has been voted the Best Managed Financial Exchange in the Middle East 2014, for the 3rd consecutive year, according to Euromoney Group.



HSBC is target of French tax fraud probe

PARIS: HSBC Private Bank, the Swiss subsidiary of British banking group HSBC, said it had been placed under formal investigation as part of a French tax fraud probe.



EU agrees law to curb plastic bag use

BRUSSELS: EU governments unanimously approved a new law to slash the use of plastic grocery bags on Friday, hoping to curb litter on land and a spreading “plastic soup” in the world’s oceans.




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