Sunday 24 March 2019

Nasdaq Dubai welcomes $1bn Emirates NBD bond listing

Nasdaq Dubai, the region's international exchange, has welcomed the listing of a $1-billion conventional bond by leading UAE bank Emirates NBD. With this listing yesterday (March 20), the total value of all conventional bonds and sukuk on Nasdaq Dubai has now reached $77.28 b


Network International plans London IPO

Network International, an affiliated associate of Emirates NBD Group, has confirmed its intention to proceed with an initial public offering (IPO) on the London Stock Exchange.   Further announcements will be made in due course in accordance with the applicable


Dubai Islamic bank participates in Careers UAE

Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, participated in the 19th Edition of the Careers UAE Exhibition, held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. The exhibition, w


Fidelity, United Insurance launch new identity

United Insurance Company and Fidelity Assurance and Reinsurance SARL have launched a new identity as Fidelity United, originated from the recent partnership between both companies.    The launch of the new identity was celebrated at an event participat


Fintech 'will help improve financial health of people in Gulf'

FinTech will radically improve the financial health of the people of the Gulf through access to next-generation banking services, says Simon Galpin, managing director of Bahrain Economic Development Board.    He was speaking at Finnovex ME 2019, a one-day c


40pc of ENBD branches now disability-friendly

Emirates NBD ENBD), a leading bank in the region, has converted 40 per cent of its branch network in the UAE into disability-friendly branches so far under #TogetherLimitless, its flagship advocacy platform for people with disabilities, a report said. In addition to making the fa


Arcapita portfolio firm acquires US company

Arcapita, the global investment firm, today announced that its portfolio company, MC Group, has made its second acquisition in just over a year through the purchase of Coastal Signage + Wayfinding.   This transaction represents the latest step in an aggressive e


Bahrain Bourse, Tamkeen support growth businesses

Bahrain Bourse and Tamkeen have partnered to expand the scope of Tamkeen’s Business Development Program to include support of growth businesses interested in listing on the Bahrain Investment Market (BIM). The memorandum of understanding (MoU) was signed by the CEO of Bahra


Regional banks ‘set to step up digital transformation’

Regional banks have to be extremely responsive in the face of increasing disruption and accelerate their digital transformation, said the director general of UAE Banks Federation (UBF). “Technologies such as AI and automation have found wide application globally as well as


Al Baraka-Bahrain to cease ops at key branch

Al Baraka Islamic Bank (Al Baraka – Bahrain) said that its Diplomatic Area branch will no longer be operating with effect from April 18, in line with its strategy to expand its presence in the digital banking sphere. In order to provide significantly more services to its cu

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