UAE- Why the Blackstone trade idea was a winner

I had declined Morgan Stanley's offer of dinner with founder Steve Schwarzman when I was the CIO of a royal investment office in Dubai during the June 2007 IPO of Blackstone. I thought the shares were grossly overvalued and refused to bid. The biggest ... ( read original story ...)

UAE- Financial inclusion is key to development

(MENAFN - Khaleej Times) Financial inclusion development has a socio-economic and environmental impact . April 27th was declared the Arab Day of Financial Inclusion by the Council of Arab Central Banks in 2016. This day is important for the financial ... ( read original story ...)

Bank loans must be repaid even if you lose your job

Just last month, my company terminated about 200 staff members and more terminations are expected. I currently have a loan with a UAE bank that is to be repaid in 47 months. If my company terminates me, is there any way legally to put the payments on hold. ( read original story ...)

OT Provides Instant Card Issuance for Mashreq Bank in UAE

COLOMBES, France--(BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions and a forerunner in the payment sector, has been selected by Mashreq Bank to deploy Instant Card ... ( read original story ...)

Dubai bank first in world to pilot sign language technology

Dubai-based Emirates NBD has become the first bank in the world to pilot KinTrans, a technology that enables easy two-way communication between sign language communicators with hearing disabilities, and people who use spoken languages. The bank said in a ... ( read original story ...)

Egypt seeks advisers for IPO programme aimed at boosting revenue

Dubai: Egyptian authorities are in talks with local and international ... Egypt has already hired HSBC and EFG-Hermes to advise on the planned IPO of state-owned lender Banque du Caire, while officials have said the program would also include oil companies. ( read original story ...)

ENBD becomes banking partner for Expo 2020

Emirates NBD (ENBD), a leading banking group in the region, has signed a premier partnership agreement with Expo 2020 Dubai to become its official banking partner. The partnership agreement was signed by Sheikh Ahmed bin Saeed Al Maktoum, chairman of the ... ( read original story ...)

To celebrate Mashreq Bank’s 50 year anniversary

Mashreq Bank, the oldest privately owned bank in the UAE, is celebrating its 50 year anniversary alongside the local community. In association with Goumbook, the leading social enterprise promoting sustainability in the UAE, senior executives from the bank ... ( read original story ...)