DED, Noor Islamic Bank sign agreement to facilitate electronic payment of...

The Dubai Department of Economic Development (DED) and Noor Islamic Bank (NIB) have signed a co-operation agreement to facilitate electronic payment of trade license...

Shop with Emirates NBD card to win back spend

Emirates NBD, a leading bank in the Middle East, announced today that it has tied up with the Al Towar-based Emirates Co-operative, to give...

Sukuk Market Recovery Expected in 2011 – 12

Analysts predict that now is a pivotal time for the global Islamic finance industry as sukuks are expected to grow in importance on the...

Emirates NBD wins Banker Middle East – Products Award for Best...

Winners selected by poll  of 10,500 financial services professionals Emirates NBD builds on 2009 award for Best Retail Bank Emirates...

BFX appoints Standard Chartered Bank as its Clearing and Settlement Bank

The Bahrain Financial Exchange (BFX), the Multi-Asset exchange in the Middle East and North Africa, which will be internationally accessible to trade cash instruments,...

DMCC launches Online Services for members through Dubai Trade Portal

Dubai Multi Commodities Centre, (DMCC) today announced the launch of online electronic services (eServices) for its members on the Dubai Trade Portal (www.dubaitrade.ae). This...

Emirates NBD launches Emirates Global Sukuk Fund

•    High profit rate, low minimum investment •    Semi-annual income distribution •    Low management fees, award-winning team Emirates NBD announced today the launch of the Emirates Global...

Emirates NBD introduces seed capital initiative for UAE nationals

•    Opportunity for young Emirati entrepreneurs to start up own business •    In line with strong commitment to supporting UAE nationals Emirates NBD, the largest banking...

Foreign investors purchase Dhs1.497bn worth of shares on Dubai Financial Market...

Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (11 - 15 April)...

LUUP and Emirates International Exchange to Roll Out Comprehensive Mobile Wallet...

Luup International Ltd., a leading mobile payments solutions provider of Norwegian origin, and Emirates International Exchange (EIE), a leading exchange house in the United...

Reem Investments announces AED785 Profit and 10% Dividend Distribution

The Board of Reem Investments PJSC, an Abu Dhabi-based diversified investment company, announced profits of AED785mn for FY 2009 at its...

UAE Banking Sector Outlook

At the start of the year, analysts expected a binary scenario for UAE banks in 2010 on  the back of a slow but steady...

FIO undertakes strategic study to further boost foreign direct investment potential...

The Foreign Investment Office (FIO) mentored students from the SP Jain Center of Management to undertake a study of the key strategic areas related...

Infrastructure and Economic Diversification to Drive Saudi Private Equity Market

With the steady population growth propelling continuous infrastructure development, Saudi Arabia is considered the next big market for private equity and venture capital investors,...

Federal credit bureau significant step for UAE economy, says DED

The Dubai Department of Economic Development (DED), hailed today the UAE Ministry of Finance’s (MoF) study for creating a federal credit bureau as a...

Emirates NBD wins Financial Sector Technology award for best systems integration...

Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today that it has won the 2010 Financial Sector...

Aabar’s board recommends $1.97b bond issuance

The board of directors of Aabar Investments has recommended to seek shareholders' approval for the issuance of convertible bonds of as much as $1.97...

Bank of America Merrill Lynch Strengthens Global Corporate Banking Platform with...

Firm to Significantly Grow Corporate Banking Platform around the World Bank of America Merrill Lynch today announced a series of new hires to its Corporate...