ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 05:59 UAE time

YOUR DIRECTORY /

National Bank of Dubai (NBD)

Main Category: Commercial Bank
First Address : PO Box 777
City : Dubai
Country : United Arab Emirates
Phone: 971 4 2222111
Fax: 971 4 2283000
Website: www.nbd.com


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ALL STORIES LIST


Moody's places ratings of 4 Dubai banks on review

Possible downgrade reflects challenges posed by stressed UAE property market.

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S&P downgrades 4 Dubai banks

Agency says actions taken due to difficult financing environment and expected asset quality deterioration.

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Dubai market reverses weakness; Saudi ends up

UPDATE 2: UAE bourses end higher; banks weigh on Qatar exchange.

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Race to the Holy City

It is already the world's most expensive real estate and it is about to become more costly.

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Abyaar seeks credit rating for bond sale

Kuwaiti real estate developer looks to raise $500mn in sukuk to finance regional plans.

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Emirates NBD brings big ticket credit to Sharaf DG

Electronics retailer Sharaf DG launches 100% finance scheme

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EBI, NBD post double-digit growth

Dubai banks' profits up on corporate and consumer lending in last quarter before landmark merger.

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Emirates NBD plans aggressive expansion

Newly-formed lender to target established players across GCC, chairman says.

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NBD upgrades ATM network

National Bank of Dubai installs testing solution for teller machines to improve reliability and stability.

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Emirates NBD begins trading

Trading of shares in a combined Emirates Bank and National Bank of Dubai starts on Dubai bourse.

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Skills poaching prompted by rebar futures contract

Brokers and banks attempting to lure trading experts from UAE steel firms.

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Emirates Bank, NBD shares suspended

Dubai bourse halts trading in shares until banks are combined into Gulf's largest lender by assets.

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NBAD arranges loan for dwtc expansion

The National Bank of Dubai has arranged an US $217.8 million (AED800 million) loan facility for Dubai World Trade Centre (DWTC) to fund its ongoing development plans.

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NBD launches Offset Home Loan for clients

The National Bank of Dubai (NBD) has had a busy week. In addition to launching the first offset mortgage loan in the UAE that gives customers a chance to save interest and repay loans in a shorter time frame, it inked a US$217.6m short-term loan deal with the Dubai World Trade Centre (DWTC) to partly fund DWTC's ongoing development plans.

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Emirates NBD to begin trading after Eid Al-Fitr

Stock will be listed on first trading day after region's biggest bank is created on October 14.

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Basel II is all about owning up

Banks need to change their internal culture to get the full benefits of Basel II compliance, says NBD's chief risk officer.

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Emirates approves NBD merger

Shareholders of Emirates Bank agree to planned $11.3bn merger, NBD to vote today.

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EBI, NBD gear up for vote on merger

Shareholders of Emirates Bank and National Bank of Dubai to vote on merger today and tomorrow.

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NBD appointed escrow account bank

NBD becomes first UAE bank to offer escrow accounts within both conventional and Islamic banking.

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National Bank of Dubai launches online Arabic service

Bank claims is first in the UAE to offer online banking in both English and Arabic.

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Banking on trouble

Anil Bhoyrul examines the dangers of getting a mortgage from offers that all sound too good to be true.

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Regional inflation crisis looms large

Report highlights weak US dollar, skyrocketing rental rates and high liquidity as contributing to problem.

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School’s out for summer

Financial activity in the Middle East used to slow down over summer – but is this starting to change?

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Divide and prosper

Syndicated loans give regional banks an opportunity to build both regional and international relationships.

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EBI-NBD provides a merger model for Gulf banks

Combined Emirates NBD bank would be UAE’s largest lender and Gulf’s largest bank by assets.

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Breaking the brokers

New requirements for securities brokerage firms are triggering mergers, closures and questionable trading methods.

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Deals on wheels

The complete guide to the cost of motoring - from buying to car insurance to the new road toll.

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Emirates Bank, NBD profits surge

EBI and NBD see net income rise over 40% in final quarter before they merge to create Gulf's largest lender.

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EBI, NBD shareholders to decide on merger by September

Shareholders have until September 17 to decide on government plan to create the Gulf's largest bank.

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New Gulf mega bank signs IT deal

Emirates NBD has signed a multimillion dollar IT change management deal, the first since its launch last week.

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Candidates for consolidation

The region's banking sector is facing up to the biggest shake-up it has ever witnessed during its tender 50-year history.

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The birth of the banking titans

Arabian Business looks at the rationale behind the consolidation of banks in the Middle East.

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Emirates NBD to offer 5% foreign ownership

The EBI-NBD merged bank will allow 5% of its shares to be owned by foreign nationals.

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EBI, NBD reveal merger details

UPDATE 2.30pm: Merger likely to create synergies of around $100mn, including $41mn in cost savings.

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NBD arranges $100mn GEM

NBD Investment Bank is set to arrange a $100mn loan for UAE's Premier Schools International (GEMS).

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Mergers, you can bank on it

Bank merger mania is about to engulf the Middle East, says James Bennett.

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NBD offers mortgages to Britons

British residents buying in Dubai will be able to borrow up to 70% of the property value.

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Green light for $11.25bn UAE bank

Gulf's biggest bank to form as Emirates Bank International, National Bank of Dubai merger gets go ahead.

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Structured for success

Farah Foustok, head of asset management at National Bank of Dubai (NBD) Investment Bank, explains how it is making its Aafaq investment funds more attractive to international and retail investors.

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Whirlwind times for Mideast banks

The banking and finance sector is battening down the hatches in preparation for some uncertain times ahead.

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Level Four bridges ATM app gap

Solutions help NBD migrate to new ATM technology.

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Emirates Bank eyes Abu Dhabi, Kuwait

Dubai's largest lender looks to expand operations with particular focus on UAE capital.

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More Premier Travel Inns for GCC

UK budget hotel brand receives cash injection to accelerate company's expansion plans in the region.

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M&A challenging for IT managers

CIOs at financial institutions should be prepared for the stress mergers can bring to their operations, the head of IT at a leading regional bank has warned.

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Increasing the net profits

Middle East banks are generating customer loyalty with online services, but security is now increasingly vital.

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NBD profit beats forecasts

National Bank of Dubai's Q1 profit is up 17.5% to $82.24m.

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NBD revamps call centre operation

National Bank of Dubai (NBD) has upgraded its call centre operations, allowing it to handle ten times as many calls every day and providing greater operational transparency.

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Gulf market report - 9 April 2007

The DFM's winning streak was cut short today as the market closed at a loss.

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Goldman Sachs to advise on Dubai banks merger

Firm wins contract to advise on the $45bn merger of Emirates Bank International and National Bank of Dubai.

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NBD to join card loyalty scheme

National Bank of Dubai will become the sole UAE bank to offer selektpoints to customers.

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Prepare to merge

Why the merging process of big companies can be a complex one from an IT industry point of view.

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Merger to create UAE’s top lender

National Bank of Dubai and Emirates Bank to merge.

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IT departments in the balance after merger

It is too early to talk about the future of the different IT infrastructures that the proposed merger of Emirates Bank International (EBI) and National Bank of Dubai (NBD).

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Dubai banks merger to up competition

NBD-EBI merger will boost competitiveness, says UAE Central Bank Governor.

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Merger jobs safe says bank chief

The proposed merger of Emirates Bank International (EBI) and National Bank of Dubai (NBD) should not lead to any job cuts, the EBI chairman told IT Weekly this week.

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NBAD mulls merger on Dubai banks' lead

The bank is considering a merger following the EBI-NBD announcement.

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'Too early' for EBI, NBD rating impact

Moody's requires more information on the proposed UAE bank merger before taking rating action.

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Dubai banks' shares rally as trading resumes

Emirates Bank International and National Bank of Dubai are the biggest gainers as the DFM lifts suspension.

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M&A activity could spiral in Dubai banking sector

The merger of NBD and EBI could spark a rush for smaller banks to consolidate or face crippling competition.

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Dubai ruler demands NBD and EBI merger

The combined might of National Bank of Dubai and Emirates Bank International will create the UAE's biggest lender.

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NBD and EBI in shock bank merger

National Bank of Dubai and Emirates Bank International will merge to create the UAE’s biggest lender.

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Branching out

Retail banks are having to manage their branches better as they run out of space on the high street.

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Thuraya takes out US$100 million loan

Satcom provider launches service in Zambia and introduces Africa Talk tariff

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Emirates Towers architect spills her secrets on design

Internationally-renowned architect Hazel Wong, the designer behind Dubai's Emirates Towers and the recently launched West Wharf tower in Business Bay, tells Christopher Sell how she goes about creating iconic buildings.

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Private investigation

Local banks are enhancing their range of private banking services, as the multinationals start to take a more personal approach to the region

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NBD rolls out electronic payment terminals for Dubai Duty Free

EMV-compliant point of sale solution is first in Gulf

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IT managers of the year

Finalising the ten CIOs and IT managers worthy of gracing the pages of ACN’s annual Top Ten IT Managers feature is never an easy task. It took hours of debate and a few heated verbal exchanges. Over the next seven pages we profile ten of the best IT managers in the region – individuals that have excelled in their profession and truly harnessed the power of IT to deliver tangible business benefits during 2006.

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Banking on security solutions

Online security threats remain a major problem for large enterprises and their customers in the Middle East. With multi pronged attacks growing in frequency and sophistication, Sherief Younis discovers what is being done in the Middle East to ensure a secure online environment for customers.

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‘Superwoman’ Nicola Horlick in Dubai

One of Britain’s most powerful fund-managers is seeking an alliance with a Dubai bank to market sophisticated investment instruments.

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Market evolution

Gartner Group has revealed its latest findings on how Islamic institutions make use of IT. In the majority of cases, banks are using modified versions of core systems rather than specialised solutions. Opportunities also exist for Islamic institutions to outsource core processes

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Shariah support

Islamic finance requires specific solutions, but Gartner's first study on the sector reveals that vendors may not be meeting that need. Daniel Stanton pays attention.

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Rumours of my death...have been greatly exaggerated

Despite rumblings in the financial services industry to the contrary, the death of the ubiquitous Automated Teller Machine (ATM) is anything but true, and, moreover, according to a new report out by a London based banking research firm, its numbers will continue to proliferate worldwide.

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NBD launches UAE's first 'interactive' bank terminal

Not quite the death knell of the traditional branch or ATM, but National Bank of Dubai's rollout of its first Customer Interactive Terminal (CTI) offers a modern alternative.

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READER COMMENTS

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