Press Releases

  Abu Dhabi hosts Final round of 2014 season Races commence on Friday 21st and concludes Sunday 23rd Abu Dhabi (November 18, 2014) – The National Bank of Abu Dhabi (NBAD) has renewed a multi-year agreement to be the Official Bank of the FORMULA 1 ABU DHABI GRAND PRIX. NBAD has been the Official Bank of this F1® event since …

NBAD Group CEO, Alex Thursby, inaugurates Abu Dhabi meeting UAE’s largest corporates discuss the role of treasury management Abu Dhabi-UAE, 18 November 2014 – SWIFT joined with the National Bank of Abu Dhabi (NBAD) to bring together some of the largest companies in the United Arab Emirates to look at the evolution of treasury management within corporates and the increasingly …

For 3rd consecutive year NBAD Named Best Private Bank in UAE Abu Dhabi (November , 2014) – The National Bank of Abu Dhabi (NBAD) has been selected the ‘Best Private Bank in the UAE’ for the third consecutive year by The Banker & Professional Wealth Management Magazine, at the 6th Annual Global Private Banking Awards. The Global Private Banking Awards …

Trade Finance to boom in Saudi Arabia with the increase in import export activities Top financial institutions and corporate from Saudi Arabia to gather in Riyadh to uncover the future trends in Trade finance 4th November 2014: Over 200 C level executives, financial decision makers and trade finance experts are coming to Riyadh on November 05 and 06 at the …

The Chairman of the Board of Directors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Member of the Islamic Development Bank Group (IDB), has appointed Eng. Hani Salem Sonbol as Acting Chief Executive Officer of ICIEC, this is in addition to his current duties as the Deputy Chief Executive Officer of the International Islamic …

13 October 2014, London – Standard Chartered has published the latest edition of its quarterly Global Focus. The report looks at how 2014 is drawing to a close for the world economy, and what we should prepare for as we enter 2015. Marios Maratheftis, Head of Macro Research, said: “We are on track to seeing better growth in 2014 versus 2013. …

Bold pricing strategy set in 2010 cuts SWIFT messaging prices in half Sibos, Boston – 07 October 2014 – SWIFT announces today at Sibos that it has delivered early on its commitment to reduce its messaging prices by 30-50 percent between 2010 and 2015, a goal the company set as part of its SWIFT2015 strategy in 2010. “By now SWIFT …

2 October 2014 LONDON – Bank of America Merrill Lynch has been honoured by EMEA Finance in their 2014 Treasury Services Awards, winning the accolade for Best Treasury Services in Europe. This is the first time the company has won the treasury category, which the magazine said is in recognition of “…a proactive and consultative client approach, product enhancements and focus on thought …

The only international bank to offer Custody Services in Jordan   28 September, 2014 – Following the launch of its Custody Services in Jordan earlier this year, Standard Chartered Bank announced today that its global client base has reacted very positively to the move and that all client transitions were  completed ahead of schedule. The expansion comes in line with …

Professional financial analysis is critical to monitor performance, reduce losses, improve profits and detect accounting fraud Dubai, UAE; 23 September 2014:  Businesses are encouraged to step up their financial monitoring through certified professionals in order to analyse its performance, reduce losses, improve profits and detect accounting fraud. Leading financial trainers, Genesis Institute, have created exclusive courses on the topic and …

Jeddah, September 15th, 2014 – The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, and Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a subsidiary of the Sumitomo Mitsui Banking Corporation (SMBC) of Japan, signed a Memorandum of Understanding (MOU) for cooperation. The MOU is intended to strengthen the existing …

Advances 10 positions to 25th in global rankings Safest in Emerging Markets and Middle East Abu Dhabi (September 15, 2014) – Global Finance, the prestigious international financial magazine, has ranked NBAD in its World’s 50 Safest Banks for the sixth consecutive year.  This year, NBAD ranks 25th in the world’s 50 safest banks, up 10 positions from the number 35 …

Istanbul, Sept. 2014: The International Islamic Trade Finance Cooperation (ITFC), a member of the Islamic Development Bank Group, signed a $45 million Murabaha Agreement with Turkish “Aktif Bank” as a line of financing aimed to support Turkish exporters. ITFC’s CEO, Dr. Waleed Al-Wohaib and Aktif Bank’s, CEO Dr. Önder Halisdemir signed the agreement on the sidelines of CEBIT Fair in …

Jeddah, KSA – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, signed a financing agreement with the Government of The Comoros, represented by the Ministry of Finance, Economy, Budget, Investment and Trade, in charge of Privatization and Comor Hydrocarbures as executing Agency. The Agreement is a revolving USD20 million facility to secure strategic …

UAE, 20 August, 2014 – Standard Chartered Private Equity (“SCPE”) announced today the acquisition of a minority stake in Topaz Energy and Marine (Bermuda) (“Topaz”), one of the world’s leading offshore support vessel operators, through an equity investment of US$ 75 million. Topaz is headquartered in the UAE and operates a fleet of 99 offshore support vessels (OSVs) throughout the …

UAE, Dubai, 20 August 2014 –Following on from its disclosure of 6th August 2014, Standard Chartered (“the Group”) announces it has reached a final settlement with the New York State Department of Financial Services (“DFS”) regarding deficiencies in the anti-money laundering transaction surveillance system at its New York branch. The system, which is separate from the sanctions screening process, is …