Acquisition will cement DIB’s position as an Islamic finance powerhouse in the region.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates (NBD) rang the market-opening bell on Tuesday at Nasdaq Dubai to celebrate the listing of $1 billion conventional bond. The capital raised by the issue supports Emirates NBD’s regional and international business across diverse services including retail, wholesale and investment banking, private banking, asset management, global markets, treasury, brokerage operations and Islamic banking.
Sheikh Mohammed Bin Faisal Al Qasimi, Chairman and CEO of MBF Group has signed an investment partnership with Hussain Al-Tantawi, Executive Director of the National Bank of Egypt (NBE), at (DIFC) office, in the presence of Tariq Al Ghazali, General Manager of the Bank’s representative office in the UAE.
The Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has been recognised with the ‘Best Digital Service’ award in the special jury prize category at the ‘Arab Digital Banking Excellence Awards - 2018’, held recently in Tunis, organised by the Union of Arab Banks (UAB).
Eagle Hills Diyar, the developer behind Bahrain’s iconic waterfront project Marassi Al Bahrain, has signed an agreement with a syndicate of banks from UAE and Bahrain for $374 million to finance the construction of Marassi Galleria, Address Hotel and VIDA Hotel. The syndicated financing underscores the banks’
Eng. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, issued a ministerial decision approving the status of Economic Concentration in the UAE market for the upcoming acquisition of Careem — one of the leading start-ups
Construction consultancy Jacobs Mace has been named Expo 2020 Dubai’s Official Programme Delivery Management Provider, strengthening an already successful relationship and supporting Expo’s ambition to deliver a worldclass site
Chief Minister of the north Indian State of Himachal Pradesh, Jai Ram Thakur, has urged Indian business leaders in the UAE to participate in the development of the state by investing in promising sectors and assured them attractive returns on their investment.