Tabreed gets US$163m Green Revolving Credit Facility
ABU DHABI, UAE - Tabreed on Thursday announced the successful closure of its inaugural US$163 million (AED600 million) Green Revolving Credit Facility (RCF) in partnership with First Abu Dhabi Bank (FAB) as the Green Coordinator, alongside Abu Dhabi Commercial Bank (ADCB), and Emirates NBD.This financing agreement, spanning five years, aligns...
Emirates NBD Group invests in sustainability startup Erguvan
Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and corporations with digital infrastructure, enabling them to manage the impacts and risks of climate change.The investment was made via Deniz Ventures, an investment fund launched by DenizBank A.S.,...
Emirates NBD invests in Komgo
The equity investment was made by Emirates NBD's Innovation Fund.Emirates NBD posts record Q1 profit
The bank's total income exceeded AED 10bn for the first time.Emirates NBD arranges Al Rajhi’s US$1bn inaugural Sukuk
Dubai, UAE--Emirates NBD has successfully priced a US$1 billion Senior Unsecured Sustainable Sukuk for Al Rajhi Bank, the world’s largest Islamic bank by assets and market capitalization.The five-year Sukuk which was priced at a reoffer yield of 4.774 percent generated strong demand, attracting orders of over US$3.75 billion. The robust...
Emirates NBD arranges sukuk
The inaugural $600m sukuk saw orders of over $2.2 billion.
7 UAE banks report $9bn profit in 2022
Emirates NBD's profits climbed by 40% to $3.53 billion.Emirates NBD’s 2022 net profit $3.53 bn
The rise was driven by strong regional economic growth.
Emirates NBD issues Dirham bond, first by UAE firm in 10 years
Dubai, UAE-- Emirates NBD has announced the successful pricing of its inaugural AED1 billion ($272 million) dirham-denominated bond, the first such issue by a UAE bank.The group's bond sale will support the further development of a medium-term bond yield curve and facilitate access to financing for UAE corporations, the bank...
UAE president waives over $146 million debt for 1,214 Emiratis
The Non-performing Debt Relief Fund will settle the money owed by Emiratis to 17 banks and institutions.
2 Emirates NBD India branches
The branches cater to northern, southern areas.Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period
Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.UAE’s top banks post 10% profit jump in H1 of 2022
Signalling a broader economy recovery in the country, four largest banks of the UAE have posted a big surge in net profit to $4.4 billion in the first half of 2022, a 10 percent jump from the 2021 profit of $3.9 billion. According to Moody's, the profits resulted from higher...Facial recognition helps GCC banks verify, curb frauds
The new technology is the most accurate form of identity verification since biometric data is incredibly hard to fake or replicate, and faces cannot be lost, says an expert.Emirates NBD joins fight against illegal wildlife trade
The banking group is supporting efforts to combat global wildlife trafficking by joining the United for Wildlife financial task force.Dubai makes rental payment hassle free
An agreement between Dubai Land Department and Emirates NBD eliminates the need for manually managing postdated cheques submitted to landlords.Emirates NBD, RSA sign agreement
The bank will distribute RSA Middle East's insurance products.
Digital banks set to flourish in Saudi Arabia, UAE
Ongoing loan restructurings and the gradual withdrawal of pandemic-related support packages may put further pressure on asset quality. However, the Russian-Ukrainian war will have a minimal impact on the operating environment for banks in Saudi Arabia and UAE, they say.Emirates NBD profit up 18 percent
The bank said it was the highest quarterly profit since 2019.UAE launches Dirham-denominated Treasury Bonds worth $400 million
The UAE has launched conventional AED denominated Treasury Bonds (T-Bonds) with benchmark auction size of AED1.5 billion ($400 million). The bonds were launched by the Ministry of Finance (MoF) as the Issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent. Subject to...
Emirates NBD launches website to support IPOs on DFM
Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with the launch of an end-to-end IPO subscription website for individual investors. The initiative is aligned to the recent announcement by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler...
Emirates NBD’s profits jump 34%
Dubai's largest bank sees its net profits rising to $2.5 billion in 2021 from $1.9 billion in 2020.Emirates NBD’s first half profit rises 17% to Dh4.8 billion
Total income of the Dubai’s largest bank has jumped 9 percent over the preceding half year due to a marked increase in transactions and stable Net Interest Margins.
Emirates NBD expects UAE GDP to grow by 1.5 percent in 2021
Revenues to grow 12 percent on higher oil prices and taxes A 7 percent increase in total government expenditure also likely Dubai’s biggest lender Emirates NBD expects the UAE’s GDP to grow at 1.5 percent this year, with the non-oil sector growing at 3.5 percent, slightly lower than the UAE...
Dubai Police customers can avail cash deposit facility
Emirates NBD-enabled service available through bank's 300 plus CDMs Service aimed at minimizing physical contact and government's digitization efforts Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region, has enabled remote cash deposits for Dubai Police customers. The service allows the customers to deposit...
Emirates NBD, Dubai’s largest lender, lists $750m bond on Nasdaq
The second offering for 2021 has increased NBD’s listed bonds to more than $5.1 billion. It was 2.3 times oversubscribed and attracted demand from the region as well as Asia, Europe and the UK Emirates NBD, Dubai’s largest lender, has listed its $750 million bond - Additional Tier 1...
Saudi Aramco tops Forbes Middle East’s list of top 100 firms
Market value of the 100 companies stands at $3 trillion, 93 percent witness increase in their market value
