Dubai Police foil Sharjah bank robbery, arrest three

Dubai: Dubai Police foiled a bank robbery by arresting three men just hours before they were to attempt the heist, police said on Thursday. Major-General Khalil Ebrahim Al Mansouri, Assistant to the Dubai Police Chief for Criminal Investigation Affairs ... ( read original story ...)

Dubai’s Noor Bank to get new CEO – sources

The head of corporate and investment banking at Dubai’s Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai’s third-biggest bank by assets, said John Iossifidis was leaving ... ( read original story ...)

Traded volume peaks in First Abu Dhabi Bank as rally continues

Dubai: More traders participated in the newly formed First Abu Dhabi Bank boosting liquidity in the once illiquid stock on inclusion in the FTSE emerging market index, causing a surge in the Abu Dhabi index on Wednesday, and making it a regional leader. ( read original story ...)

Emirates NBD Capital Completes UAE's First IPO in 2017

The IPO was Dubai's first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT's offer was well over-subscribed with commitments from a mix of investors ... ( read original story ...)

First Abu Dhabi Bank is UAE’s largest lender

The largest bank in the UAE was born on April 1 as Abu Dhabi-based National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) completed their widely discussed merger. The new combined bank has been named First Abu Dhabi Bank and it will have assets in ... ( read original story ...)

UAE ministry to use e-Dirham for payments to DHA

UAE’s Ministry of Finance (MoF) signed an agreement with Dubai Health Authority (DHA) to adopt the e-Dirham system and e-Dirham cards as a means of paying for government services provided by DHA. The Memorandum of Understanding (MoU) was signed by Saeed ... ( read original story ...)

NBAD, FGB merge, now 'First Abu Dhabi Bank'

Dubai: The National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) announced on Sunday they have merged to become First Abu Dhabi Bank. In a joint statement, the banks said their merger was legally completed on April 1, and the merged bank began ... ( read original story ...)