Banking & Finance
September 30, 2013
The National Bank of Abu Dhabi’s Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.34% of the unit net asset value of US$5.3256 being the NAV as on September 26th, 2013.
Mashreq has extended its full fledged support to the 4th Annual Middle East SME Forum 2013.
According to Howarth, over the next 30 years, 70 per cent of global population growth will be in Muslim countries as the Muslim population of 1.6 billion is growing at twice the rate of the global population thus representing the fastest growing consumer segment in the world.
NCB Capital, the GCC’s leading wealth manager and the Kingdom’s largest asset manager, believes that growth in the sector will remain driven by the broadband and corporate segments.
September 29, 2013
In a recent report, the International Monetary Fund estimated that Dubai’s total debt stands at $142 billion, or around 102 per cent of its GDP, with $35 billion of that amount in government and government-guaranteed debt.
Emirates NBD announced the renewal of its partnership agreement with Mohammed Bin Rashid Housing Establishment for the third year running.
Emirates Islamic Bank hosted a special “Back to School” day out for orphans and children from low income families in Dubai.
The UAE is considering whether to impose a tax on the billions of dollars which foreign guest workers send back to their home countries every year, government and banking sources said.
September 26, 2013
Emirates NBD Asset Management announced that it has been named "Best Asset Management Company," at the annual Arab Achievement Awards 2013.
The airline company has to raise $22 billion over the next four years to finance its aircraft deliveries, an average of $5.5 billion a year.
September 25, 2013
The National Bank of Abu Dhabi (NBAD), has won the highly prestigious Sheikh Khalifa Excellence Award- Diamond Category confirming the Bank’s position as a leader in the financial industry.
MasterCard and the Dubai Business Women Council announced a collaboration to drive entrepreneurship among women in the Emirate.
Dubai is not in negotiations with Abu Dhabi to refinance a $20 billion debt that will be due next year, a top government official said on Tuesday.
Stanford Asia Holding Company (“SAHC”) is pleased to announce the signing of a USD 300 million 5 year syndicated facility.
September 24, 2013
UAE is among the faster changing payments ecosystems.