Revealed: Top 10 banks in the UAE – Gulf Business

Things have been on the up for the GCC’s banks, which collectively recorded a better year in 2017 despite slowing economic growth in the region as a whole.Banking activity was supported by a higher oil price and continued infrastructure investment as Gulf states diversify their economies in various ways. Commercial activity in the region expanded in 2017 and consumer confidence grew, albeit slightly. As a result, our list of the region’s 50 leading banks – ranking institutions in Bahrain, Kuwait, Oman, Saudi Arabia and the UAE – recorded higher net profit in 2017. Source: Revealed: Top 10 banks in the

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Dubai’s Emirates NBD to acquire Turkey’s DenizBank for $3.19bn – Gulf Business

Dubai’s largest bank Emirates NBD has announced a definitive agreement to acquire a 99.85 per cent stake in Turkish private bank DenizBank from Russia’s Sberbank for TRY14.6bn ($3.19bn).The deal represents a coup for Emirates NBD amid reports that it had been met with resistance from Turkish President Tayyip Erdogan, who sided with Qatar against the UAE, Saudi Arabia and Bahrain in last year’s Gulf dispute. Source: Dubai’s Emirates NBD to acquire Turkey’s DenizBank for $3.19bn – Gulf Business

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Emirates NBD expands operations in Saudi Arabia – Banking & Finance,Saudi Arabia – ArabianBusiness.com

Emirates NBD expands operations in Saudi Arabia Emirates NBD is the first non-Saudi bank to have a significant branch network in the country Emirates NBD has expanded operations in Saudi Arabia with the inauguration of its first branch in Jeddah and plans for two further branches in Khobar and Riyadh, the company announced on Monday. Source: Emirates NBD expands operations in Saudi Arabia – Banking & Finance,Saudi Arabia – ArabianBusiness.com

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Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge – Banking & Finance,UAE,Europe – ArabianBusiness.com

Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge Rick Pudner joins Lumina to focus on UK-Middle East opportunities ahead of Brexit move Lumina, the Dubai-based specialist corporate finance firm, has hired former Emirates NBD Group CEO, Rick Pudner, to help lead the company’s expansion overseas. Based out of London, Pudner will initially focus on shaping the significant bilateral economic opportunities between the UK and the Middle East, in the lead up to Brexit, Lumina said in a statement. Source: Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge – Banking & Finance,UAE,Europe – ArabianBusiness.com

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Islamic Development Bank lists $1.25 billion Sukuk on Nasdaq Dubai – Banking & Finance – ArabianBusiness.com

Islamic Development Bank lists $1.25 billion Sukuk on Nasdaq Dubai The listing marks the ninth Sukuk by IDB on the exchange, with a total value of $11.5 billion. By Staff writer Sun 18 Mar 2018 04:07 PM Nasdaq Dubai has welcomed the listing of a $1.25 billion Sukuk by the Islamic Development Bank (IDB), Nasdaq Dubai announced on Sunday.The listing marks the ninth Sukuk by IDB on the exchange, with a total value of $11.5 billion, making the bank one of the largest Sukuk issuers on Nasdaq Dubai. Source: Islamic Development Bank lists $1.25 billion Sukuk on Nasdaq Dubai –

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