Company Insights Emirates NBD Banking & Finance 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 Banking & Finance Emirates NBD to buy stake in Egypt’s Banque du Caire Emirates NBD, Dubai’s largest bank by assets, has begun due diligence ahead of buying a stake in Egypt’s sixth-largest commercial bank, Banque du Caire. The purchase would be the latest sale of a government-owned asset in a stalled privatisation programme, according to regional media. Egypt agreed an expanded $8 billion loan from the International Monetary […] March 13, 2025 Finance Asset securitisation in the Gulf takes its first baby steps $14trn business in US No Saudi regulation yet UAE growth expected Asset securitisation, a $14 trillion business in the United States, seems to be finally gaining ground in the Gulf. Last week the UAE lender Deem Finance sealed a $400... Register now: It’s easy and free This content is available for registered members only. Register […] March 11, 2025 Analysis Banking & Finance Mashreq and First Abu Dhabi winning bank efficiency race Dubai’s Mashreq bank, the UAE’s fifth-largest by assets, slashed its cost-to-income ratio, an important banking metric, last year thanks to the partial sale of a subsidiary and more customers switching to non-interest-bearing accounts. The cost-to-income ratio shows the relation between income and the cost of acquiring that income. A declining ratio suggests that a bank […] March 5, 2025 Banking & Finance Emirates NBD buys outstanding shares to delist EIB Emirates NBD, Dubai’s largest bank by assets, will delist Emirates Islamic Bank (EIB) from the Dubai Financial Market (DFM) after acquiring 100 percent of the sharia-complaint lender, according to a statement. Emirates NBD has made a mandatory cash offer to buy the remaining 0.11 percent stake (free float) in EIB for AED11.95 ($3.25) per share […] February 25, 2025 Markets More dual listings expected as IPO trend continues Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […] February 20, 2025 Real Estate Damac tightens yield on $750m sukuk Dubai developer Damac Real Estate Development has sold $750 million in 3-1/2-year Islamic bond (sukuk), according to a document seen by Reuters on Wednesday. The yield was set at 7 percent, narrower than the 7.5 percent initial price guidance released earlier in the day after the orders surpassed $2.3 billion, the lead bank document showed. […] February 20, 2025 Health Waha Capital to expand UAE health business Abu Dhabi’s Waha Capital, a listed company with $3.2 billion of assets under management, plans to expand its healthcare business in the UAE, and could make acquisitions to do so. The company aims to tap demand from the emirates’ expanding population and visitors from India, its chief financial officer said. Waha is part-owned by Abu […] February 19, 2025 Analysis Banking & Finance Share price rally tipped to keep rolling for UAE banks A year-long rally in share prices for major UAE banks still has some steam in it, underpinned by loans growth and attractive dividend yields, analysts have said. In the 12 months to February 11, the share price of Abu Dhabi Commercial Bank (ADCB) surged by almost 40 percent. Shares in Emirates NBD, Mashreq and Dubai […] February 19, 2025 Analysis Food & Drink Dubai restaurants risk out-pricing customers on alcohol costs The cost of eating out in Dubai’s restaurants is rising, especially if you’re washing your meal down with an alcoholic drink. Last year, Dubai was named the third-most expensive city in the world for a half-litre of draught beer at an average of $10.89, according to price comparison website Numbeo. Qatar was number one, followed […] February 16, 2025 Markets Alpha Data to sell 40% stake in IPO on Abu Dhabi bourse A 44-year-old UAE-based technology company, Alpha Data, is to list 40 percent of its capital, or 400 million shares, on the Abu Dhabi Securities Exchange (ADX), the company has said. Alpha Data’s initial public offering (IPO) subscription will run from February 20 to 25 for UAE retail and professional investors. The offer price will be […] February 13, 2025 Posts navigation 1 2 … 18 Next
Banking & Finance Emirates NBD to buy stake in Egypt’s Banque du Caire Emirates NBD, Dubai’s largest bank by assets, has begun due diligence ahead of buying a stake in Egypt’s sixth-largest commercial bank, Banque du Caire. The purchase would be the latest sale of a government-owned asset in a stalled privatisation programme, according to regional media. Egypt agreed an expanded $8 billion loan from the International Monetary […] March 13, 2025
Finance Asset securitisation in the Gulf takes its first baby steps $14trn business in US No Saudi regulation yet UAE growth expected Asset securitisation, a $14 trillion business in the United States, seems to be finally gaining ground in the Gulf. Last week the UAE lender Deem Finance sealed a $400... Register now: It’s easy and free This content is available for registered members only. Register […] March 11, 2025
Analysis Banking & Finance Mashreq and First Abu Dhabi winning bank efficiency race Dubai’s Mashreq bank, the UAE’s fifth-largest by assets, slashed its cost-to-income ratio, an important banking metric, last year thanks to the partial sale of a subsidiary and more customers switching to non-interest-bearing accounts. The cost-to-income ratio shows the relation between income and the cost of acquiring that income. A declining ratio suggests that a bank […] March 5, 2025
Banking & Finance Emirates NBD buys outstanding shares to delist EIB Emirates NBD, Dubai’s largest bank by assets, will delist Emirates Islamic Bank (EIB) from the Dubai Financial Market (DFM) after acquiring 100 percent of the sharia-complaint lender, according to a statement. Emirates NBD has made a mandatory cash offer to buy the remaining 0.11 percent stake (free float) in EIB for AED11.95 ($3.25) per share […] February 25, 2025
Markets More dual listings expected as IPO trend continues Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […] February 20, 2025
Real Estate Damac tightens yield on $750m sukuk Dubai developer Damac Real Estate Development has sold $750 million in 3-1/2-year Islamic bond (sukuk), according to a document seen by Reuters on Wednesday. The yield was set at 7 percent, narrower than the 7.5 percent initial price guidance released earlier in the day after the orders surpassed $2.3 billion, the lead bank document showed. […] February 20, 2025
Health Waha Capital to expand UAE health business Abu Dhabi’s Waha Capital, a listed company with $3.2 billion of assets under management, plans to expand its healthcare business in the UAE, and could make acquisitions to do so. The company aims to tap demand from the emirates’ expanding population and visitors from India, its chief financial officer said. Waha is part-owned by Abu […] February 19, 2025
Analysis Banking & Finance Share price rally tipped to keep rolling for UAE banks A year-long rally in share prices for major UAE banks still has some steam in it, underpinned by loans growth and attractive dividend yields, analysts have said. In the 12 months to February 11, the share price of Abu Dhabi Commercial Bank (ADCB) surged by almost 40 percent. Shares in Emirates NBD, Mashreq and Dubai […] February 19, 2025
Analysis Food & Drink Dubai restaurants risk out-pricing customers on alcohol costs The cost of eating out in Dubai’s restaurants is rising, especially if you’re washing your meal down with an alcoholic drink. Last year, Dubai was named the third-most expensive city in the world for a half-litre of draught beer at an average of $10.89, according to price comparison website Numbeo. Qatar was number one, followed […] February 16, 2025
Markets Alpha Data to sell 40% stake in IPO on Abu Dhabi bourse A 44-year-old UAE-based technology company, Alpha Data, is to list 40 percent of its capital, or 400 million shares, on the Abu Dhabi Securities Exchange (ADX), the company has said. Alpha Data’s initial public offering (IPO) subscription will run from February 20 to 25 for UAE retail and professional investors. The offer price will be […] February 13, 2025
