Press Releases

Abu Dhabi (March 26th, 2013) – The National Bank of Abu Dhabi (NBAD), has received the approvals from the regulatory authorities to repay the remaining amount of AED3 billion to the UAE Ministry of Finance. NBAD had received an amount of AED5.6 billion as part of the UAE Government’s support to the banking sector during the global financial crisis. In …

Al Ansari Exchange unveils rewards scheme for money transfers to Bangladesh  Remittances to Bangladesh give customers chance to win gold bars, airline tickets from Air Arabia to Bangladesh, and National Bonds cash vouchers March 24, 2013 Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has announced the launch of a new rewards program for customers transmitting …

The Power of Electronic Payments Stimulates Economic Growth in Middle East & Africa Debit & credit card usage added approximately US$18 billion to the economies in Middle East & Africa between 2008 & 2012: study Card usage adds US$4.2 billion to UAE’s GDP and US$ 4.7 billion to GDP of KSA in the four-year period Dubai, March 24, 2013 – …

 Research based “Distinguished Provider” category launched Pennington, NJ, March 2013 – FImetrix, LLC, a leading market research firm for Financial Institutions, today announced the launch of a new “Distinguished Provider” category to recognize leading performers and enable clients to better position themselves in the complex Global Transaction Services landscape. The new recognition category was created from interviews with Senior Level …

NBAD Confirms Position among World’s 50 Safest Banks Retains Middle East Safest Bank title Abu Dhabi (March 19, 2013) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, retains its title as the safest bank in Middle East and confirmed its standing in the Global Finance’s ranking of the World’s 50 Safest Banks for …

EastNets launches en.SafeWatch FATCA to enable foreign financial institutions to comply with new US tax evasion laws  en.SafeWatch FATCA powered by proven technology used in EastNets’ suite of anti-money laundering solution March 19, 2013 EastNets, a leading global provider of compliance and payments solutions, has announced the recent launch of EastNets en.SafeWatch FATCA, a new specialised solution that enables foreign …

The Quarterly ICIEC’s Newsletter – (issue No.22) covering the period of the 1st Quarter of 1434H / 2013.  

EGM approves convertible bond and increase size of 3 existing programmes NBAD approves distribution of  35% cash dividends and 10% bonus shares Abu Dhabi (March 12th, 2013) – The National Bank of Abu Dhabi’s (NBAD) annual general meeting (AGM), held today in Abu Dhabi, approved the distribution of cash dividend of 35% and stock dividend of 10% for the financial …

First time a Visa sub-regional risk executive council has taken place with key Middle East North Africa (MENA) banking risk executives and law enforcement officials  Group to meet with Visa to share latest information and trends in payment system risks, fraud and security Ellen Richey, Visa’s Chief Enterprise Risk Officer, to provide keynote speech on Visa’s global payment system risk …

Standard Chartered reports 2012 income, profit and dividend growth Strong momentum driven by client-focused strategy and business diversity 2012 Highlights: Income grows 8% to US$19.07 billion Wholesale Banking income up 9% to US$11.78bn Consumer Banking income up 6% to US$7.20bn 26 markets delivered over $100m of income; 25 markets with income growth of at least 10 per cent Highly liquid …

For 2nd Year in a row NBAD Named Best Asset Management  House in Middle East Abu Dhabi/Cairo (March 7, 2012) – The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, has been named the Best Asset Management House in the Middle East by International Takaful Awards for the second year running. “Winning this award for …

Mashreq goes live with Polaris’ integrated Intellect® Global Transaction Banking Platform  World’s first Implementation of an Integrated Transaction Banking Platform across both front and back office Dubai (UAE), March 07, 2013: Polaris Financial Technology Ltd (POLS.BO), a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, today announced that Mashreq, one of …

The 2013 Global Financial Markets Forum (GFMF) was planned to be available virtually via the state-of-the-art AvayaLiveTM Engage, an interactive system that allows delegates who are unable to attend in person to do so instead through a virtual conferencing programme. This was the first time in MENA that such a programme had been offered. GFMF Virtual World, powered by AvayaLiveTMEngage, …

Tomalin: NBAD to Enter Brazil, Lebanon, and South Sudan in 2013 Abu Dhabi (February 28, 2013) – The 2013 Global Financial Markets Forum (GFMF) concluded today with record number of attendees. The two-day 2013 GFMF attracted 1,300 delegates and it continued on Thursday with analysis of the UAE and global economy. Michael Tomalin, the Group Chief Executive of National Bank …

Abu Dhabi (February 27, 2013) – The 2013 Global Financial Markets Forum (GFMF) kicked-off today in Abu Dhabi by speeches from UAE and European leading policy makers who praised the phenomenal growth and rising influence of the UAE and provided analysis on the European situation. “We have an open and fast growing economy, it is an economy that encourages competiveness, …

Abu Dhabi (February 27, 2013) – The National Bank of Abu Dhabi (NBAD) has launched a 15-year Uridashi bond worth US$16.6 million (AED 60.1 million),  which is the first of its kind from the Middle East and North Africa (MENA) region and allowed NBAD to directly access Japanese retail investors. This issue follows the first ever Samurai bond by a …