ALEXANDER MCNABB:”…Advertising is all about lying. It’s what they do, constantly. What amazes me is how we put up with it, consigning it to the dump bin of background noise”
ROB L. WAGNER: HSBC’s decision to downgrade significantly the resources it devotes to Islamic banking has thrown the issue into sharp focus.
ALEXANDER MCNABB: You’ll have a clash between the RTA, telcos and banks: Who will ‘own’ mobile money? Suddenly the Nol card becomes really interesting.
ALEXANDER MCNABB: Adding to that, we have finally had it confirmed that, in the UAE, ‘freehold’ actually means ‘usufruct’. What the hell is ‘usufruct’..?
ALEXANDER MCNABB: My delight is enhanced that the latest piece witless buffoonery originates from HSBC, the bank that likes to say ‘Is there anything else I can do to help you?’ at the end of calls where they have been signally useless.
Nobody I know who lives in the UAE is happy with their bank… Nobody has ever been able to recommend their bank to me.
How Alexander McNabb plans to ignore his rule of having as little to do with his bank as possible on the grounds that it’s invariably bad for his health, and bankrupt HSBC Middle East 20 dirhams at a time using valet parking.