Tuesday 28 June 2016
 
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Emirates NBD

Emirates NBD signs upsized $1.7bn loan

Dubai's largest bank, Emirates NBD (ENBD), has taken advantage of strong support from lenders to sign a $1.7 billion three-year loan, $450 million more than it had originally sought, banking sources said on Thursday. Gulf bank

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Dubai private sector growth fastest in 14 months

Dubai’s private sector recorded a robust improvement in overall business conditions during May with the fastest rise since March 2015, according to the Emirates NBD Dubai Economy Tracker Index. At 54.5, up from 52.7 in April

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Egypt non-oil growth slowest in three months

The downturn in Egypt’s non-oil private sector was sustained for an eighth successive month in May, with business conditions worsening to the least extent in three months, according to the latest Emirates NBD PMI Index. Rate

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UAE, Saudi non-oil growth hits new highs in May

Growth of the non-oil private sector in the UAE and Saudi Arabia accelerated to eight- and six-month highs, respectively, during May, thanks mainly to a sharp expansion of output, according to the latest Emirates NBD PMI index.

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UAE, Saudi non-oil growth hits new highs in May

Growth of the non-oil private sector in the UAE and Saudi Arabia accelerated to eight- and six-month highs, respectively, during May, thanks mainly to a sharp expansion of output, according to the latest Emirates NBD PMI index.

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Emirates NBD opens first disability-friendly branch

Emirates NBD, one of the leading banks in the region, has inaugurated its first disability-friendly branch in Jumeirah area of Dubai. The initiative is in line with the Government of Dubai’s ‘My Community’ vision

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Emirates NBD unveils $136m digital transformation plan

Emirates NBD, one of the leading banking groups in the region, has announced that it will invest Dh500 million ($136 million) over the next three years towards digital innovation and multichannel transformation of its processes, products and ser

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ENBD, Du in tie-up for data centre services

UAE-based telecom service provider du has entered into a decade-long co-location agreement with leading banking institution Emirates NBD, to provide the organisation with third party data centre co-location services in the UAE. Em

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Dubai lenders in talks to raise $1.7bn in loans

Emirates NBD (ENBD), Dubai's largest bank, and Commercial Bank of Dubai (CBD) are both talking to banks to raise a combined total of up to $1.7 billion in loans to refinance existing debt, sources close to the matter said. The

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Dubai private sector sees big recovery in April

Dubai private sector companies recorded the fastest improvement in overall business conditions last month since November 2015, indicating a sustained recovery in growth momentum from the lows experienced in February, according to new data.

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