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The National Bank of Abu Dhabi (NBAD), the UAE's second biggest bank by assets, will tap markets to raise up to US$1 billion (Dh3.67bn) by selling bonds, an executive at the bank said yesterday. "The bank is looking to raise anything between US$
Continue reading...Sunday, December 20, 2009
Dubai might opt to fully repay all of the bank debt…
Continue reading...Sunday, December 20, 2009
Government-owned Dubai Holding is not planning to…
Continue reading...Saturday, December 19, 2009
Dubai is a well known glittering city chosen for its exotic beaches, fine dining and also awesome shopping centers. Flights to Dubai are available from all over.
Continue reading...Saturday, December 19, 2009
Dubai Islamic Bank (DIB) announced today the launch of the Al Islami Infinite Credit Card, an invitation-only card available exclusively to ultra high net worth clients of the bank. The hand-...
Continue reading...Saturday, December 19, 2009
Bankers are expecting a formal request for a 'standstill' from Dubai World, concerning its $26bn debt at Monday's creditor meeting, Reuters has reported. Quoting bankers, the report added it could...
Continue reading...Thursday, December 17, 2009
The Abu Dhabi Investment Authority (Adia) has filed an arbitration claim against New York-based Citigroup alleging "fraudulent misrepresentations" in the November 2007 deal in which it acquired a 4.9 per cent stake in the bank for US$7.5 billion (Dh2
Continue reading...Monday, November 9, 2009
As further confirmation of the bank's high standing in the international financial services community, Dubai Islamic Bank (DIB) announced today that it has received the "Top Distributor Bank for...
Continue reading...Tuesday, August 4, 2009
Rakeen, one of the region's most dynamic property developers and master planners, has recently announced that it has partnered with Ras Al Khaimah Investment Authority (RAKIA) to establish RAK Business Invest, a pioneering initiative that offers foreigners as well as UAE residents an unprecedented opportunity to invest in the UAE and own...
Continue reading...Tuesday, August 4, 2009
Riyadh Bank is set to deliver superlative customer service and enhanced capabilities to service its clients with a communications systems overhaul from Avaya.?The bank’s headquarters and over 200 branches across the Kingdom are now utilising Avaya’s communications solutions after the bank replaced its legacy systems with innov...
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Monday, March 15, 2010
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