The future of banking is digital, and mobile banking will further expand in the GCC region, especially in the UAE, says Shayne Nelson, group chief executive of Emirates NBD Group. Speaking on the sidelines of World Economic Forum’s Annual Summit in Davos, Nelson tells Trends that customers are increasingly using mobile banking for remittance services…
Dubai’s real estate sector is seeing declines in new buyer enquiries and transaction numbers over the past three months leading up to December. The declines are attributed to weak investor sentiment and muted market conditions, according to the latest Emirates NBD Dubai Real Estate tracker. The drop in new buyer enquiries was the sharpest since…
It’s been a disappointing start to the year, with the Emirates NBD PMI data showing business conditions improving at the weakest pace since August 2012 in the UAE and non-oil private sector expansion cooling off at the end of 2015 in Saudi Arabia. In the UAE, the slowest improvement in 40 months was primarily as…
Dubai’s private sector recorded a modest rebound in business conditions (including new orders, employment and output) in November compared with the previous month, where output growth came in at a 68-month low. According to the Emirates NBD Dubai Economy Tracker Index, the non-oil private economy picked up from 51.9 in October to 53.4 in November….
Dubai witnessed the weakest expansion of overall business activity since March 2012, says survey data by Emirates NBD Dubai Economy Tracker released today (Monday, August 10). The non-oil private sector, as well as the travel and tourism, retail and construction sectors, recorded slower rates of output growth. July’s Tracker signaled another increase in overall business…
Call it a Greek tragedy or a Greek awakening, but the atmosphere was like a ‘big fat Greek wedding’ last night at Syntagma Square in Athens. The Greeks have spoken and it is an emphatic “No” to the European Union bailout offer. Around 61 percent of the voters in a referendum held yesterday voted out…
A new survey shows a slowdown in Dubai’s growth momentum from its peak, seen at the start of 2015. Emirates NBD, which launched its Dubai Economy Tracker, a monthly survey compiled my Markit to exclusively track the emirate’s economy, found the increase in new business volumes to be the weakest in over three years, which…
Shayne Nelson, Group CEO at Emirates NBD talks to TRENDS about being the region’s No. 1 CEO, his bank’s inorganic growth plans and outlook for the UAE economy in 2015. It’s nearly 11:30pm, and practically at the culmination of the evening that a beaming Shayne Nelson finally walks into the media room for the interview….
Shayne Nelson, Group CEO at Emirates NBD took away the top spot at the TRENDS-INSEAD co-presented Top CEO 2015 awards. Speaking to TRENDS after the announcement Nelson said: “When I win an award like this, it is for the bank and not for me. The bank is built on the strength of some excellent people and…
The GCC’s Top 100 CEOs were announced at a gala ceremony, co-hosted by TRENDS magazine and in partnership with INSEAD Business School at The Four Seasons Hotel, Dubai last evening (Monday, March 30). Shayne Nelson, Group CEO at Emirates NBD, UAE’s largest lender, took away the top spot as the best CEO in the region….
