Emirates NBD, a prominent financial services brand in the UAE, has launched the fourth cohort of its National Digital Talent Incubator (NDTI) program. This initiative is designed to support the next generation of Emirati fintech founders. The program is supported by the Dubai International Financial Centre (DIFC) Innovation Hub, global payments leader Visa, and technology...
Dubai’s Emirates Islamic Bank (EIB) will no longer be traded on the Dubai Financial Market (DFM) starting June 10, 2025. This decision follows Emirates NBD’s move to purchase all shares in EIB that it does not already own. A statement from EIB confirmed that it will instruct the DFM to suspend trading of its shares...
Islamic banks in the Gulf Cooperation Council (GCC) are expected to see a rise in mergers and acquisitions (M&A) in the coming years. This trend is largely driven by the need for competitive advantage and to access growth opportunities, according to Fitch Ratings. The firm’s Head of Middle East Bank Ratings and Islamic Banking, Redmond...
Emirates NBD, recognized as Dubai’s largest bank by assets, surpassed profit expectations for the first quarter, largely due to significant growth in loans and interest income. The bank reported a net profit of 6.2 billion dirhams ($1.69 billion) for the three months ending March 31, compared to 6.7 billion dirhams during the same period last...
Emirates NBD has made headlines by becoming the first bank in the UAE to introduce Visa+, a service designed to simplify international money transfers. In collaboration with Visa, a prominent player in digital payments, the bank aims to provide its customers with a faster, secure, and more efficient method to send money to Visa cardholders...
The Investment Corporation of Dubai (ICD), the main investment arm of the emirate’s government, is exploring the possibility of entering capital markets with a series of initial public offerings within the next year, as suggested by analysts. ICD, established in 2006, boasts a valuation of approximately $340 billion and already has Emirates NBD, the largest...
Emirates NBD, the banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has launched the ‘Emirati Business’ package, specifically designed for businesses owned by UAE Nationals. This new offering aims to provide a comprehensive suite of services and benefits, enhancing the banking experience for Emirati entrepreneurs. The introduction of the Emirati Business...
BlackRock Inc. is collaborating with Emirates NBD, a prominent Dubai-based lender, to launch a new platform aimed at providing Middle Eastern investors with enhanced access to rapidly growing private markets. This initiative is expected to significantly benefit wealth clients of Emirates NBD by offering them opportunities in private credit and alternative assets. The new product...
Emirates NBD Egypt announced on Monday that it has signed a financing agreement worth 3 billion Egyptian pounds, approximately $59 million, with the National Authority for Tunnels (NAT). This deal is aimed at providing long-term credit facilities to support the development of public transportation projects in Egypt. The agreement was formalized by Tamer Ragheb, the...
Gulf Bank K.S.C.P., one of Kuwait’s leading conventional banks, has successfully signed a $650 million Senior Unsecured Syndicated Term Loan Facility. This marks Gulf Bank’s debut in the international syndicated loan markets and provides a sustainable and diversified financing route for the bank. The loan was coordinated by Emirates NBD Capital Limited and Standard Chartered,...