When Emirates Bank International merged its assets with National Bank of Dubai last October, Ahmed Humaid Al Tayer became the most powerful banker in the Gulf as chairman of the enlarged Emirates NBD – the biggest bank in the region.
Emirates NBD has assets of around US$69 billion or roughly 20% of total UAE banking assets and has plans to extend its retail and investment banking franchises around the Middle East and Asia.
The bank is also funding increasingly large infrastructure deals, including the lavish US$708 million Meydan racecourse project in Dubai.
Last year it was the only local bank among the top ten global arrangers.
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