• Bank authorised to receive payments on behalf of DED at all Dubai Bank branches
• Customers can make DED payments through bank’s e-payment channel

Further demonstrating its continued excellence in developing bespoke platforms for both institutional and retail customers, Dubai Bank today announced its partnership with Department of Economic Development (DED) to offer exclusive payment support to clients of DED and customers of Dubai Bank.

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• High-yield investment opportunity, estimated yield of circa 6 per cent
• Option of semi-annual income distribution
• 40-strong professional team to manage fund

Emirates NBD announced today the launch of the Emirates MENA Fixed Income Fund. The fund will be managed by Emirates NBD Asset Management Limited (Emirates NBD AM), a provider of a full range of investment products and services and the asset management arm of the Emirates NBD group, the largest banking group in the Middle East in terms of assets.

This is an open ended US dollar denominated fund, which aims to achieve a high level of income as well as capital growth, through investing in a portfolio of fixed-income instruments, predominantly from issuers in the MENA region.

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• First of four workshops held in 2010
• Aimed at providing cutting edge solutions to SME owners
• Quarterly workshops facilitate interaction with industry experts

In line with its commitment to empowering small and medium-sized businesses, Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today that it is serving as the key sponsor of TECOM SME Builder 2010, the ideal platform for professionals to upgrade entrepreneurial skills through networking.

The first workshop was held recently and the remaining three will take place throughout the rest of the year. TECOM SME Builder provides a forum for small and medium enterprises to interact with experts and gain special insights into the latest industry developments.

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• In line with bank’s commitment to reach out to customers in their local community

Emirates NBD, the Middle East’s largest bank by asset size, held a community networking event at the newly opened The Residences branch in Downtown Dubai, adjacent to The Dubai Mall and Burj Khalifa. The event enabled local residents and retailers to meet the manager of the branch, as well as other representatives from Emirates NBD.

This event is in line with the bank’s commitment to engage more closely with existing and potential customers in their own communities, wherever they live or work.  The informal luncheon event brought together neighboring residents and business-owners, enabling them to network in a leisurely environment, as well as enjoy a day out with their families.

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The Ordinary General Assembly of the Shareholders of Bank of Sharjah approves during its 36th annual meeting, the proposal of the Board of Directors to distribute 12% cash dividend equivalent to AED 240 Million and 5% Bonus issue equivalent to AED. 100 Million.

Mr. Ahmed Al Noman, Chairman of the Board of Directors, said in his welcoming address that the Bank was able to achieve excellent results in 2009 in terms of profitability and growth in the various items of its balance sheet despite the unfavorable environment in the local and regional financial markets.

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Middle East’s leading bank extends further privileges to its cardholders

In line with its ongoing commitment to provide its customers with a range of privileges, Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the launch of a special year-long offer for its cardholders, providing them with significant discounts at 50 leading restaurants in the UAE capital.

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• DIB Capital wins second consecutive accolade from emeafinance
• DIB honoured for commitment to corporate social responsibility

In recognition of the excellence of both its investment banking and corporate social responsibility activities, Dubai Islamic Bank (DIB) announced today that it has won two awards at the annual Middle East Banking Awards, which were held recently at the Jumeirah Beach Hotel in Dubai.

For the second consecutive year, the bank’s wholly-owned investment banking subsidiary, DIB Capital, was named “Best Investment Bank” in the UAE by emeafinance, a leading international publication focused on financial markets in the Europe, Middle East and Africa regions. In addition, in acknowledgement of its sustained efforts to support individuals and communities in the UAE and across the Middle East, DIB has been named winner of the first-ever Pan-Arab emeafinance award for corporate social responsibility.

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• Offer available to all online banking customers between March 1-April 30, 2010
• Offer includes both local and international bank transfers
• Bank committed to increasing ease of access to customers

As further evidence of its commitment to providing its customers relevant and convenient services, Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today that it will be offering its online banking customers free telegraphic transfers. Read more

• Bank recognised for continuing operational excellence across all card-related products and services
• Quality management initiatives range from development and issuance of products to data maintenance for customers

Underlining its ongoing commitment to global best practice in quality control, Dubai Bank today announced that it has been awarded the coveted ISO 9001:2008 status for its card operations across the UAE.  In being awarded this accreditation, the bank was evaluated on a range of international parameters, including development and issuance of products and services and maintenance of card-related transactional and non-transactional data for the benefit of its customers.

The bank’s card operations team embarked on the process for ISO certification at the start of 2009 with the implementation of a variety of initiatives to further enhance the bank’s operational excellence across its cards division.

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In a move to provide its customers in Abu Dhabi with increased convenience, Emirates NBD announced today that two further branches have extended their opening hours in the nation’s capital. The bank’s Al Najda branch, located on Najda Street, and the Abu Dhabi main branch, located on Khalifa Street, both now offer additional convenient timings.  This is in addition to its two branches at Al Muhairy Centre and Electra branch, totaling to four Emirates NBD branches in the UAE capital that now operate until 8PM daily, six days a week.

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