Dubai’s oldest bank is anything but archaic inside

Mashreq is the oldest privately owned bank in the UAE – but that’s about the only thing that’s antiquated about the company. Since it was established in 1967, the bank has been an IT pioneer in Dubai – from installing the Emirate’s first ATM, to ... ( read original story ...)

New York’s Moelis selected as advisor for Saudi Aramco IPO

Read: Saudi energy minister still expects Aramco IPO in 2018 The listing of the 5 per cent stake ... footprint with operations in markets including Germany, India and the UAE. It now has a sizeable team of advisors who have worked closely with companies ... ( read original story ...)

Boutique bank Moelis wins advisory role for mammoth Saudi IPO

NEW YORK/LONDON/DUBAI Boutique investment bank Moelis & Co (MC.N) has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world's biggest initial public share offer, sources familiar with the matter told Reuters. ( read original story ...)

Dubai Islamic Bank issues us$ 1 Billion senior

Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14 th February 2022. The issuance under DIB’s USD 5 billion ... ( read original story ...)

Bank promises backing for grassroots events

Dubai: The chief executive officer of the Commercial Bank of Dubai (CBD) has reiterated the community aspect of backing an important sporting event like the recently-concluded Dubai Tour. One of the UAE’s premier banks, CBD has been a sponsor of the ... ( read original story ...)

UAE bank NBAD aims to double size of debt programme to $15 bln

DUBAI, Feb 7 (Reuters) - National Bank of Abu Dhabi (NBAD) said on Tuesday it will seek shareholder approval to double the size of its euro medium term note programme to $15 billion from the existing level of $7.5 billion. Shareholders will discuss the ... ( read original story ...)

Middle East-based Emirates NBD launches mobile app-based bank

“With this new launch, the bank further builds on its role as a leader in providing smart banking services in the UAE,” said Suvo Sarkar, group head of retail banking and wealth management at Emirates NBD. “Liv. offers customers a unique experience ... ( read original story ...)