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Banking & Finance

CBD signs agreement with HCT
Under the MoU, the bank will open an outlet in the Student Centre complex at HCT-Dubai Men’s College.
NBAD Business Continuity wins award from BCI
The BCI Middle East Awards recognises the outstanding contribution of business continuity professionals and organisations in the Middle East.
Banque Saudi Fransi eyes $533m sukuk
The kingdom’s fourth-largest listed bank by assets has chosen its own investment banking arm.
Nasdaq Dubai membership for ADIB unit
ADIB Securities has become an equities member of Nasdaq Dubai
NBF launches structured trade financing
The STCF was launched at NBF’s annual trade finance customer workshops
UAE launches credit bureau
Bankers expect new checks will curb bad lending and speed up loan approvals
Barclays to cut 19,000 jobs in three years
The carve-up means the investment bank will account for no more than 30 percent of Barclays’ risk-weighted assets, down from half now.
Emirates NBD launches ‘DirectRemit’
Emirates NBD on Sunday announced the launch of ‘DirectRemit,’ a first-of-its-kind remittance service that allows Non-Resident Indian (NRI) customers to remit money to any HDFC Bank account in India in just 60 seconds, a direct bank transfer service that is the fastest in the UAE.
Two Asian Banker awards for ADCB
Abu Dhabi Commercial Bank, or ADCB, received two prestigious awards — Best Domestic Cash Management Bank in United Arab Emirates and Best Deposit Product Business in Middle East Award 2014 — at the recent Asian Banker Awards ceremony.
Emirates NBD issues A$400m fixed rate notes
The notes are rated Baa1 by Moody’s and A+ by Fitch, and pay a fixed rate coupon of 5.75 per cent.
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