Company Insights Emirates NBD Banking and Finance Latest Emirates NBD DevelopmentsAI Insights Emirates NBD experienced a 3.5 percent growth in its loan book during the first quarter of 2025. The bank issued AED18 billion worth of new loans, half of which originated from its foreign operations3. India's central bank granted Emirates NBD approval to establish a wholly owned subsidiary by converting its existing branches in India. This follows the bank’s presence in India, initiated in 2017 with a capital investment of $100 million5. Emirates Islamic Bank, a part of Emirates NBD, intends to halt its share trading on the Dubai Financial Market from 10 June. This follows the absence of objections to Emirates NBD's acquisition, resulting in full ownership of Emirates Islamic Bank. Remaining shares will be re-registered under Emirates NBD around 13 June1. The bank is coordinating the initial public offering of Dubai Residential REIT, alongside Citigroup and Morgan Stanley. The REIT, managed by Dubai Holding, has its offering set for the Dubai Financial Market this year2. Emirates NBD Asset Management oversees ENBD REIT. The entity, since its market listing in 2017, has seen its share value decline over time4. Emirates NBD Overview Emirates NBD is Dubai’s largest lender and largest bank in terms of assets. It was initially formed as the National Bank of Dubai (NBD) in 1963 by Dubai’s then ruler Sheikh Rashid bin Saeed Al Maktoum. Then in 2007 NBD merged with Emirates Bank International to form Emirates NBD, and its shares were officially listed on the Dubai Financial Market. Emirates NBD then bought the Shari’a-compliant Dubai Bank in 2012. Units within the Emirates NBD Group include Emirates NBD, Emirates Islamic, Emirates NBD Asset Management and DenizBank in Turkey. Products and services include personal, private, corporate and Islamic banking. Based in Dubai, the Emirates NBD Group has more than 850 branches in the UAE and overseas, including in Saudi Arabia, Egypt, India, Singapore, the UK and representative offices in China and Indonesia. It is increasing its branch network in Saudi Arabia and also plans further expansion in India. In September 2023 Emirates NBD announced it was launching a sustainable finance framework, including directly issuing green debt and other instruments to support social and environmental aims. Emirates NBD News Analysis Banking and Finance Retail and corporate lending help UAE banks to prosper Consumer demand for mortgages, credit cards and personal loans as well as increased corporate and government borrowing helped most major UAE banks post double-digit rises in profits in the first quarter of this year. The profit surge, which comes despite a greater tax burden on the sector, has supported a renewed rally in banking stocks. […] June 14, 2025 Infrastructure Emirates NBD and Siemens to finance green infrastructure Emirates NBD (ENBD), Dubai’s largest bank by assets, and German multinational Siemens have signed an agreement to provide finance for green infrastructure projects in the UAE. The agreement aligns with the UAE’s Net Zero by 2050 strategic initiative. Siemens will develop and design the administrative, technical and structural aspects of the agreement, the UAE […] June 10, 2025 Analysis Banking and Finance Banks slash IPO fees in Gulf scramble for market share Investment banks in the Gulf are cutting or even waiving fees to secure roles in regional initial public offerings (IPOs). As activity cools elsewhere, companies in the world’s largest oil producing region are selling shares to fund expansion. With IPO activity slowing in the US, Europe and China, legal and financial advisors say the Gulf, […] June 10, 2025 Tech Gulf investors help finance growth of Turkish data centres Turkey’s data centre sector is riding a wave of new investment that is likely to support expansion in the country’s digital economy, with much of the funding coming from the Arabian Gulf. Last month, Turkish e-commerce platform Trendyol announced it was partnering with the UAE’s Castle Investments, headed by Gulf Data Hub founder Tarek Al […] June 10, 2025 Finance EIB to seek trading halt on Dubai bourse Emirates Islamic Bank (EIB) said it will seek suspension of its share trading on the Dubai Financial Market (DFM) from June 10, as it prepares to be fully merged with a rival lender. The decision comes after EIB or Emirates NBD (ENBD), Dubai’s largest bank by assets, received no objections to the latter’s mandatory acquisition announced […] June 9, 2025 Banking and Finance FAB joins banks to lend $750m to India’s Adani unit Adani Airports Holdings, the largest private airport operator in India, has raised $750 million from banks including the UAE’s First Abu Dhabi Bank (FAB). The other banks involved are Barclays and Standard Chartered, the Bombay Stock Exchange-listed company said in a statement on Wednesday. Adani Airports Holdings (AAHL) is a subsidiary of India’s Adani Enterprises, […] June 5, 2025 Aviation Dubai Aerospace secures $300m loan from Bank of China Aircraft leasing company Dubai Aerospace Enterprise (DAE) has secured a $300 million loan from the Bank of China. The money will be used for general corporate purposes and support upcoming financing requirements, the company said in a statement on Monday. The three-year unsecured term loan was issued by the lender’s Dubai, London and Hong Kong branches. […] June 3, 2025 Finance Mubadala’s $1bn sukuk order book oversubscribed five times Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year US dollar-denominated Islamic bonds, or sukuk, in its first debt sale of the year, news service IFR said on Wednesday. Acting through the Mamoura Diversified Global Holding debt vehicle, Mubadala priced the bonds at 60 basis points (bps) over US treasuries, narrower than […] May 29, 2025 Telecoms Turkcell secures $150m loan from Dubai Islamic Bank Turkey’s mobile operator Turkcell has secured its second loan from a UAE bank in a week. Dubai Islamic Bank will provide $150 million financing to fund digital infrastructure. The five-year Islamic facility will allow Turkcell to advance critical infrastructure such as data centres, cloud technologies and renewable energy, the lender said in a statement. Last […] May 28, 2025 Markets At 17-year highs, Dubai stocks outshine Gulf rivals Dubai’s stock index hit fresh 17-year highs this week, as first-quarter earnings rose and a buoyant non-oil economy convinced investors to favour UAE stocks over the much larger Saudi market. Gulf markets, like bourses worldwide, tumbled in early April after President Donald Trump imposed sweeping tariffs on imports to the US. In contrast to the […] May 23, 2025 Posts navigation 1 2 … 21 Next
Analysis Banking and Finance Retail and corporate lending help UAE banks to prosper Consumer demand for mortgages, credit cards and personal loans as well as increased corporate and government borrowing helped most major UAE banks post double-digit rises in profits in the first quarter of this year. The profit surge, which comes despite a greater tax burden on the sector, has supported a renewed rally in banking stocks. […] June 14, 2025
Infrastructure Emirates NBD and Siemens to finance green infrastructure Emirates NBD (ENBD), Dubai’s largest bank by assets, and German multinational Siemens have signed an agreement to provide finance for green infrastructure projects in the UAE. The agreement aligns with the UAE’s Net Zero by 2050 strategic initiative. Siemens will develop and design the administrative, technical and structural aspects of the agreement, the UAE […] June 10, 2025
Analysis Banking and Finance Banks slash IPO fees in Gulf scramble for market share Investment banks in the Gulf are cutting or even waiving fees to secure roles in regional initial public offerings (IPOs). As activity cools elsewhere, companies in the world’s largest oil producing region are selling shares to fund expansion. With IPO activity slowing in the US, Europe and China, legal and financial advisors say the Gulf, […] June 10, 2025
Tech Gulf investors help finance growth of Turkish data centres Turkey’s data centre sector is riding a wave of new investment that is likely to support expansion in the country’s digital economy, with much of the funding coming from the Arabian Gulf. Last month, Turkish e-commerce platform Trendyol announced it was partnering with the UAE’s Castle Investments, headed by Gulf Data Hub founder Tarek Al […] June 10, 2025
Finance EIB to seek trading halt on Dubai bourse Emirates Islamic Bank (EIB) said it will seek suspension of its share trading on the Dubai Financial Market (DFM) from June 10, as it prepares to be fully merged with a rival lender. The decision comes after EIB or Emirates NBD (ENBD), Dubai’s largest bank by assets, received no objections to the latter’s mandatory acquisition announced […] June 9, 2025
Banking and Finance FAB joins banks to lend $750m to India’s Adani unit Adani Airports Holdings, the largest private airport operator in India, has raised $750 million from banks including the UAE’s First Abu Dhabi Bank (FAB). The other banks involved are Barclays and Standard Chartered, the Bombay Stock Exchange-listed company said in a statement on Wednesday. Adani Airports Holdings (AAHL) is a subsidiary of India’s Adani Enterprises, […] June 5, 2025
Aviation Dubai Aerospace secures $300m loan from Bank of China Aircraft leasing company Dubai Aerospace Enterprise (DAE) has secured a $300 million loan from the Bank of China. The money will be used for general corporate purposes and support upcoming financing requirements, the company said in a statement on Monday. The three-year unsecured term loan was issued by the lender’s Dubai, London and Hong Kong branches. […] June 3, 2025
Finance Mubadala’s $1bn sukuk order book oversubscribed five times Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year US dollar-denominated Islamic bonds, or sukuk, in its first debt sale of the year, news service IFR said on Wednesday. Acting through the Mamoura Diversified Global Holding debt vehicle, Mubadala priced the bonds at 60 basis points (bps) over US treasuries, narrower than […] May 29, 2025
Telecoms Turkcell secures $150m loan from Dubai Islamic Bank Turkey’s mobile operator Turkcell has secured its second loan from a UAE bank in a week. Dubai Islamic Bank will provide $150 million financing to fund digital infrastructure. The five-year Islamic facility will allow Turkcell to advance critical infrastructure such as data centres, cloud technologies and renewable energy, the lender said in a statement. Last […] May 28, 2025
Markets At 17-year highs, Dubai stocks outshine Gulf rivals Dubai’s stock index hit fresh 17-year highs this week, as first-quarter earnings rose and a buoyant non-oil economy convinced investors to favour UAE stocks over the much larger Saudi market. Gulf markets, like bourses worldwide, tumbled in early April after President Donald Trump imposed sweeping tariffs on imports to the US. In contrast to the […] May 23, 2025
