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The three loans were approved for HSBC customers purchasing houses in The Sustainable City community in Dubai. HSBC UAE’s green home loans offer an interest rate discount of 0.25 per cent for properties that meet certain sustainable criteria, and a 50 per cent discount on applicable arrangement fees. “Sustainable development is more important now than it’s ever been and it’s vital that banks support customers with competitively priced green finance, and to encourage more sustainable behaviours. Issuing the UAE’s first-ever green mortgages is a significant moment for the country’s ...

Shurooq unveils special Ramadan offer for Sharjah Sustainable City SHARJAH, 22 hours, 33 minutes ago Sharjah Investment and Development Authority (Shurooq) has unveiled a limited-time Ramadan offer for a range of modern and sustainable villas within its eco-friendly community project, Sharjah Sustainable City including a special monthly payment plan and waiver of service charges for the first five years. Developed by Sharjah Investment and Development Authority in partnership with Diamond Developers, Sharjah Sustainable City is a mixed-use development that meets the highest standards of so...

Dubai: A delegation from Dubai’s Community Development Authority (CDA) visited Sanad Village in The Sustainable City to learn about the centre’s approach that sets up “a new global standard” for the rehabilitation, inclusion and empowerment of people of determination. Led by CDA Director-General Ahmad Julfar, the delegation toured the 30,000-square-metre facility, learning about the sustainable concepts and observing children who benefit from the centre’s approach, towards treating and understanding autism and other related disorders. The delegation visited the residential area, fol...

Sharjah Sustainable City, an eco-friendly community by Sharjah Investment and Development Authority (Shurooq), has set its sights on homebuyers for the Holy Month of Ramadan with a limited-time payment plan on its range of modern and sustainable villas.

Background A bank failed to report certain overdue loans, although three regulators — the Securities and Exchange Commission, Federal Reserve, and Office of Thrift Supervision — purportedly required the disclosure. After the failure, the Government charged executives of the bank for securities fraud and making false statements to regulators, alleging the bank falsely reported the loans. On appeal, Defendants argued that the regulators’ reporting requirements were ambiguous as each regulator had described its reporting requirement slightly differently than the other. Holding The Court re...