#Emirates NBD
Net profit for the July-to-September period was Dhs5.2bn, unchanged from the corresponding 2023 period
The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE
This collaboration marks Emirates NBD as the first bank in the UAE to integrate an independent ratings agency into its voluntary carbon market trading operations
The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules
LuLu’s potential IPO is poised to be among the most notable listings in the Gulf region this year
Three customers depositing at least Dhs500,000 into their current or savings accounts have the opportunity to win Dhs1m each
A dedicated specialist will conduct a comprehensive review of the applicants’ business followed by the joint steering committee’s review for inclusion in the initiative
The waiver applies to all new and repeat issuers who make a relevant application to the financial regulator
The initiative is open to all SMEs founded in Dubai and is designed to empower businesses to expand internationally
The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022
Profit for the quarter was Dhs5.2bn, roughly in line with analysts’ median estimate of Dhs5.18bn
The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives
The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape
The strategic investment in Komgo was made through Emirates NBD’s Innovation Fund, which was set up earlier this year
The lender has reported a net profit as interest income surged amid continued economic momentum in the country
The product offering will enable accessibility for individual investors to bond markets with a minimum investment of $25,000
The bank aims to boost software development, collaboration and customer engagement using tools such as GitHub Copilot X, ChatGPT and MS 365 Copilot
The offering will help the bank’s clients to seamlessly tap global carbon credit markets to support their net zero ambitions and sustainability goals
Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment
The wealth fund said its banking and financial services division, the largest contributor in 2022, generated Dhs15.3bn in net profit
The joint initiative aims to encourage national talent, drive innovation and entrepreneurial growth
Emirates NBD also enjoyed a record quarter for income, which exceeded Dhs10bn for the first time ever
The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn
The issuance is the first dirham-denominated bond by a bank since the creation of a medium-term yield curve by the Ministry of Finance
The lender has also expanded the responsibility of existing senior management team members
The awards celebrated stalwarts and companies from across the region’s business landscape
The initiative aims to support investor participation for upcoming listings
The funding will be deployed to develop Dubai Islands and other waterfront projects
The lender posted total income of Dhs22.7bn, rising 31 per cent year-on-year
UAE’s leading community run for inclusion of people of determination will take place on Saturday, November 19 in Dubai Design District