The loan was priced at a spread of 215 basis points over benchmark rates. HSBC Holdings, Citigroup, Standard Chartered, Emirates NBD and Dubai Islamic Bank were among lenders that provided the original loan.
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Emirates NBD Bank : Possible Saudi MSCI inclusion, Aramco IPO to spur Gulf equities
two developments the UAE lender is banking on to drive a turnaround for Gulf equities and result in a huge “wave” of money flowing into capital markets. Gulf equities have been laggards in terms of performance compared to their emerging or developed …
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Nasdaq Dubai launches futures on ADX to attract investors
The index provides a benchmark of the overall performance of the ADX market which is the second largest in the GCC by market capitalisation and includes First Abu Dhabi Bank, Eshraq Properties … latest expansion of Nasdaq Dubai’s futures market …
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Emirates NBD Bank : RTA, Emirates NBD endorse plan for payment of fines and seasonal parking cards in instalments
DUBAI, 19th February, 2018 (WAM) — The Roads and Transport Authority, RTA, in Dubai and the Emirates National Bank of Dubai, Emirates NBD, have agreed on an initiative whereby fines payable by road users to the RTA and fees of seasonal parking cards can …
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Strong growth in core income drives higher quarterly profits at UAE’s largest banks
Moody’s report, which was published today focuses on key takeaways from the Q4 2017 results of the four largest banks in the United Arab Emirates(UAE): First Abu Dhabi Bank PJSC (FAB, Aa3/Aa3 Stable, a3), Emirates NBD PJSC (ENBD, A3/A3 Stable, ba1), Abu …
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Noor Bank Donates Dh1.6 Million to Support Rashid Centre for Disabled in Dubai
Noor Bank, a leading Shari’a compliant bank in the UAE, has made a contribution of AED 1.6 million, accumulated from its ‘late payments fund’ by its banking clients to the Rashid Centre for Disabled in Dubai, UAE. After supervision by its Shari’a …
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Interest growth boosts UAE banks profits: Moody’s
After a 4 per cent decline in Q2 2017, FAB registered the highest increase at 4.5 per cent in Q4, reflecting their solid deposit franchises as the largest bank in the UAE. • Deposit growth at ENBD and DIB was around the 2 per cent average total growth of …
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Swiss-UAE bilateral trade robust, investments in UAE total $20b
… between the UAE and Switzerland are robust and Swiss foreign investment in the UAE amounts to $20 billion (Dh73.46 billion), the European country’s visiting finance minister said in Abu Dhabi. “The UAE is one of the most important economic …
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Dubai Investments unveils University of Balamand in Dubai
Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has announced that the University of Balamand in Dubai [UOBD], its wholly-owned subsidiary, is set to open its first UAE campus in Dubai …
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The financial lessons I’ve learnt after a decade in the UAE
Don’t get me wrong, I’ve done pretty well after almost a decade in the UAE. I have savings I could have only dreamed of before arriving, travelled to almost 40 countries, compiled a priceless memory bank of experiences and made the dearest of friends.
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Dubai’s Emirates NBD said to plan bid for Turkey’s Denizbank
Dubai’s biggest bank is evaluating an offer for Denizbank, the people said, asking not to be identified because the talks are private. It could take several months before Sberbank decides whether or not to sell, they said. Emirates NBD last month said it …
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Dubai Islamic Bank : DED and DIB ‘Consumer Card’ recognized by Visa for successful card program
The award acknowledges DED-DIB Consumer Card’s incredible success and cements the bank’s leading position in the Financial Sector The Department of Economic Development (DED) in Dubai, and Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE …
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Dubai Islamic Bank : Visa recognises DED and DIB’s first government co-branded consumer card
The Department of Economic Development (DED) in Dubai, and Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today Visa’s recognition for their co-branded Consumer Card and for it being the first government co-branded consumer card …
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FAB Launches ‘Payit, UAE’s First Fully-featured Digital Wallet
In support of the UAE’s goal to become a cashless economy, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched ‘payit’, the country’s first fully-featured digital wallet.
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UAE Minister of Finance Sheikh Hamdan Bin Rashid Al Maktoum Opens Gulfood 2018
His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, today opened Gulfood 2018, the 23 rd edition of the world’s largest annual food and beverage trade show at Dubai World Trade Centre (DWTC). Spread across …
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Dubai expat returns from vacation, finds Dh1.3m missing from bank account
A 75-year-old Kuwaiti bank customer said he came back to the UAE from a trip on January 14, 2017 to find that his mobile line had been disconnected and that his bank account balance had been emptied, prompting him to file a criminal complaint. Public …
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Qatar National Bank to sell small stake in Egypt unit to comply with listing rules
DUBAI/CAIRO (Reuters) – Qatar National Bank (QNB), the Middle East’s largest lender by assets, said it will sell a 2 percent stake in its Egyptian unit QNB Alahly to comply with Cairo listing rules. A QNB spokesman said the bank had no current plans to …
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