The International Chamber of Commerce UAE chapter’s (ICC-UAE) Commission on Banking recently held a meeting in Dubai, where its members approved the ICC-UAE’s programme of action for 2017.
During the event, plans and objectives for 2017 were presented and discussed, while members elected a new steering committee for a two-year term.
In his opening speech, Mr. Hassan Al Hashemi, Secretary General of ICC-UAE, highlighted the ICC’s mission to promote trade, investment and the market economy, and expressed his view that trade is a driving force behind peace.
Mr. Al Hashemi revealed that the ICC-UAE’s plan for 2017 is based on its vision, as well as the [...]
The Euromoney Award for “Five Star Cash Manager” was granted to Abu Dhabi Commercial Bank (ADCB) today after conducting the annual Cash Management Survey for the United Arab Emirates. ADCB is recognised for its unfailing efforts in maintaining an excellent level of cash management for its customers.
ADCB Cash Management services focus on a far-reaching knowledge of the market to help deliver quality solutions. This is achieved through guiding organisations on how to restructure their operational functions and promoting their effective practices to reduce costs. Concentrating mainly on clients’ concerns and needs to help provide up to par solutions [...]
Under the theme ‘Dealing with Global Disruptors’, Gary aimed to identify how investors can manage risk and rewards from this new disruption paradigm.
Speaking at the media briefing, Gary commented, “2016 has proven to be a year where the global economy has seen many a disruption and challenge to perceived conventional wisdom. On the political front, Brexit and Donald Trump’s victory were major surprises to the financial markets and precipitated significant shifts in the valuations of currencies and asset classes. Technology has continued to disrupt industries with such things as driverless cars and robots now seen as much closer to the norm rather than the [...]
Emirates NBD, a leading bank in the region, took home the ‘Smart Financial Services Excellence Award’ at the ‘6th Middle East Municipalities and Smart Cities Excellence Awards’. The bank was recognised for its outstanding commitment to smart banking and living, in support of Highness Sheikh Mohammed bin Rashid Al Maktoum’s Smart Dubai vision that aims to make living in Dubai the most efficient, seamless, and impactful experience through technology innovation.
The bank was lauded for being a digital innovator in the region, offering customers a seamless and omnichannel delivery of its products and services and empowering them with a truly smart lifestyle. Through the Emirates [...]
Influencing technology trends revolved around Blockchain, Artificial intelligence and IoT
Emirates NBD Group, a leading banking Group in the region, marked the 2016 UAE Innovation Week (20 – 26 November) with the ‘Emirates NBD Group Innovation Olympics’. The initiative, part of the official support activities of the Sheikh Mohammed Bin Rashid Centre for Government Innovation, brought together innovators from within Emirates NBD as well as external innovation partners and participants.
The day-long Emirates NBD Group Innovation Olympics included a competition where finalists presented working prototypes of innovative solutions in banking and financial technology [...]
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has become the first bank in the United Arab Emirates to launch a covered card in partnership with Booking.com, the global leader in connecting travellers the widest choice of incredible places to stay. ADIB has launched two covered cards: the ADIB Booking.com Visa Signature card and the ADIB Booking.com Visa Infinite card. The cards are designed to reward tech-savvy customers who prefer to make their travel arrangements online.
Customers who sign up for either of these two credit cards will automatically be upgraded to Booking.com Genius status which gives them access to additional preferential rates and [...]
Listing underlines Nasdaq Dubai’s stature as world’s largest exchange for Sukuk
Ahmad Saad, Deputy CEO of Sharjah Islamic Bank (SIB), rang the opening bell today to celebrate the listing of a 500 million US dollar Sukuk on Nasdaq Dubai.
The listing adds further momentum to Dubai’s growth as the global capital of the Islamic Economy and underlines Nasdaq Dubai’s stature as the largest exchange in the world for Sukuk listings by value, currently standing at 43.0 billion US dollars.
The bell-ringing took place in the presence of Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai and Hamed Ali, Chief Executive of Nasdaq Dubai; and senior executives of SIB.
Emirates NBD, a leading bank in the region has been ranked the ‘Strongest Bank in the UAE’ by the prestigious Asian Banker’s ‘AB 500 Strongest Banks in 2016.’ The bank, the largest in the UAE, was rated highly for its sound growth record and its giant leaps in the digitisation of banking over the past year.
Furthermore, Emirates NBD was named third ‘Strongest Bank in the Middle East’ and recognised for its exceptional financial performance along with improvements in balance sheet growth and capitalisation.
Commenting on the announcement, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD said: “To achieve the title of the ‘Strongest Bank in [...]