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Banks’ real ‘wealth’ is now information

CHRIS PRINCIPE looks at how transaction banking can use data to make money and keep customers happy over the past year it has been all but impossible to avoid the big data phenomenon and there has certainly been no shortage of media build-up regarding its promise. But strip away all the marketing hype and there is still little doubt that …

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GFMF: Abu Dhabi provides Enormous Opportunities for All

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 …

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Global Financial Markets Forum Begins

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, …

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NBAD Issues First Uridashi Bond

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 …

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Global Financial Markets Forum Kicks off Wednesday

Global Financial Markets Forum Kicks off Wednesday UAE Central Bank Governor highlights benefits of local debt market Distinguished speakers discuss future of European Union Investor presentations feature top companies – Aldar / Sorouh to make joint Investor Presentation   Abu Dhabi (February 25, 2013) – The 2013 Global Financial Markets Forum (GFMF) kicks-off on Wednesday, 27th February 2013 at Abu …

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UAE-based importers and trading companies await start of Brazilian Trade Mission to UAE on February 20

February 18, 2013 Importers and trading companies from the UAE who are taking part in the hosted buyer’s programme, which is being held as part of the Brazilian Trade Mission to the UAE from February 20 to 21, 2013 at the Jumeirah Emirates Towers Hotel – Dubai, expect to engage in highly fruitful discussions with the visiting Brazilian delegation comprising …

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Volante launch Bank Payment Obligation (BPO) readiness survey

LONDON/DUBAI – 18th February, 2013 – Volante Technologies, a global leader in the provision of innovative financial data integration technology, today announced the launch of their Middle East & Africa (MEA) Supply Chain Finance (SCF) readiness survey. The survey will be unveiled at the Exporta Trade Finance Week in Dubai, the event for the trade and export finance industry within the …

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GCC Economic Developments & Outlook 2013

GCC Economic Developments & Outlook 2013 By: Dr. Gıyas Gökkent, NBAD’s  Group Chief Economist  GCC nominal GDP reached about US$ 1.56 trillion in 2012, up from US$ 1.44 trillion in 2011 UAE economy to grow by 3.2% in 2013   Abu Dhabi (February 19, 2012) –2012 was a record year in many respects. It was the second consecutive year with …

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Top Global Brands Support Global Financial Markets Forum

Abu Dhabi (February 18, 2013) – The 2013 Global Financial Markets Forum(GFMF) that begins on February 27 is made possible by sponsors and partners from a range of industries and Government organizations. GFMF, the annual conference organized by the National Bank of Abu Dhabi (NBAD), brings to Abu Dhabi every year prestigious, high-profile, and influential thinkers. The Forum, which attracts …

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The BOD of ICIEC approves results for 1433H (2012)

Press Release 16 February 2013 The 70th ICIEC’s Board of Directors Meeting ICIEC supports investments and exports in its member countries by more than USD 3 Billion in 2012  Under the Chairmanship of Dr. Ahmed Muhammad Ali, the President of Islamic Development Bank (IDB) Group, the Board of Directors (BOD) of the Islamic Corporation for the Insurance of Investment and …

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Moody’s affrims ICIEC Aa3 Rating

Moody’s confirms Aa3 rating of ICIEC, for the 6th consecutive year  Moody’s Investors Service, one of the leading rating agencies in the world, has confirmed (on 5th, February 2013) the Aa3 Insurance Financial Strength Rating (IFSR) of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), for the sixth consecutive year. In its report Moody’s noted that …

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NBAD’s Global Financial Markets Forum Offers First Virtual Conference in MENA

NBAD’s Global Financial Markets Forum Offers  First Virtual Conference in MENA GFMF to offer virtual 3D environment  “Virtual Delegates” interact with attendees GFMF Virtual World supports one-on-one and group conversations Abu Dhabi (February 12, 2013) – The 2013 Global Financial Markets Forum (GFMF) will be available virtually via the state-of-the-art AvayaLiveTM Engage, an interactive virtual conferencing that allows delegates who …

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NBAD & NPCC Sign US$ 100 Million Deal

NBAD & NPCC Sign US$ 100 Million Deal NBAD supports offshore and marine structures development Abu Dhabi – (February 10, 2013) The National Bank of Abu Dhabi (NBAD) signed a deal with National Petroleum Construction Company (NPCC), to provide it US$ 100 million (nearly AED 367 Million) financing toward the construction of a new vessel. NPCC is a Public Joint …

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HSBC Launches Payments Service on Mobile Banking for Corporates

7 February 2012 HSBC Launches Payments Service on Mobile Banking for Corporates *HSBCnet addresses increasing demand from business for enhanced mobile capabilities *US$10 billion payments authorised on HSBCnet Mobile since its launch globally *Over US$393 million payments authorised on HSBCnet Mobile in 2012 in the Middle East and North Africa region HSBC has enhanced its mobile banking offering in its …

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GFMF to Analyze Prospects of Emerging Markets

Abu Dhabi (February 7, 2013) – The 2013 Global Financial Markets Forum (GFMF) will examine and debate the future of European Union, US’s role and the rising economic influence of emerging markets. “European fiscal crisis and the US debt continue to be lingering challenges; at the same time many emerging economies continue to grow. This year’s GFMF will provide insightful …

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