ArabianBusiness.com - Middle East Business News
Sunday, 05 May 2024 06:07 UAE time

YOUR DIRECTORY /

National Bank of Abu Dhabi

Main Category: Asset Management
First Address : 4
Second Address : National Bank of Abu Dhabi Tower, Khalifa Street
City : Abu Dhabi
Country : United Arab Emirates
Phone: 971 2 6111111
Fax: 971 2 6275738
Email: customersupport@nbad.com
Website: www.nbad.com


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ALL STORIES LIST


UAE's NBAD seeks tighter price for any new bond

Bank 'does not want to overpay' and is not prepared to issue at previous rates.

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UAE bank NBAD plans to launch new bond fund

NBAD Cautious Income Fund seeks return of 5%, to invest in bonds, money market.

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Abu Dhabi shares climb to 3mnth high on Dubai debt deal

Analysts said that Dubai World settlement has 'given a dose of confidence to investors.'

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Abu Dhabi plans no immediate bond issues

Move indicates that UAE capital is 'signalling it intends to come to market more often.'

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The top 20 bankers in the Gulf

Here, in no particular order, is a round up of the bank CEOs we hear most in the Arabian Business offices, usually for the right reasons.

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Marriage of minds

A trade push is helping to unify the world's fragmented Islamic finance industry.

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SABIC heads Saudi losers as rally stalls

UPDATE 6: Dubai's DFM ends higher to claw back the previous day's losses.

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Abu Dhabi’s NBAD profit jumps 10.4%

National Bank of Abu Dhabi's net profit up at AED1bn ($272m) from AED906.5m a year earlier.

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Abu Dhabi Ports eyes $1bn bond in 2011 Q1

NBAD appointed as financial advisor to draw up a long term financial strategy.

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Sowwah Island

Middle East Architect took a tour of the island set to become Abu Dhabi's new CBD.

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NBAD sees retail revenues rise by 20% in 2010

National Bank of Abu Dhabi sees higher lending driving increase this year.

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UAE May CPI at 1yr peak y/y, keeps falling on month

Consumer prices rose again in March to reach 0.79% y/y after three months of decline.

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NBAD launches $5bn medium term note programme

Notes may be issued in any currency and any maturity of at least one month.

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Qatar to sell $2.7 billion of bonds for projects

Bond issue will be solely for the 'local market' and will not involve international markets.

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Abu Dhabi's NBAD's bad loans to rise in Q2,Q3 of 2010

CEO also expects bank's growth to be at the higher end of overall loan growth.

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UAE officials assure on banks, Dubai debt woes

Cental bank governor said that the country's banks are 'healthy' and 'well capitalised'.

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NBAD posts record single quarter profits

Lender said that the figures represent a 34% jump on previous year's earnings.

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Abu Dhabi bank and Germany's DVB in aircraft fund

Bank official confirms the lenders will launch a fund of up to $100m to buy and lease aircraft.

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UAE bank NBAD to consider buyback of bonds

Board of the biggest UAE bank by market value to discuss the buyback on April 27.

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Abu Dhabi's NBAD sees 56% online customer growth

UAE lender says profits from its internet banking unit rose by 120% in 2009.

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UAE cenbank should ease loan ratios - NBAD CEO

Government could alternatively inject additional deposits into banks - Tomalin.

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Gulf's first ETF to trade in Abu Dhabi tomorrow

Abu Dhabi's ETF will beat Saudi Arabia's by less than a week - ADX CEO.

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Abu Dhabi's NBAD sells $750m worth of 5-yr bond

New bond by National Bank of Abu Dhabi priced at 178 basis points - sources.

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UAE's NBAD may book more provisions in Q1 - CEO

Bank can afford to take additional provisions if needed, bank CEO said.

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UAE's NBAD to raise up to $1bn with new bond

Bank had postponed plans to issue new convertible bonds in dollars & dirhams in February.

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Abu Dhabi banks gain after UAE mulls bank credit boost

There is a 'much stronger' opportunity for growth in Abu Dhabi versus Dubai.

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UAE's NBAD opens doors for business in Jordan

Bank plans to use its Jordanian base to expand and grow in the market.

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NBAD's convertible bond plan postponed

National Bank of Abu Dhabi delays issue of new convertible bonds in $ & AED until market conditions improve.

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Abu Dhabi National Hotels signs deal with four banks

AED1.5bn loan facility will finance the company's ongoing projects.

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NBAD targets ROE of 20% in 2010 - CEO

Drop in net profit due to higher than expected provisions for bad loans in Q4.

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NBAD reports 13% fall in Q4 profit

National Bank of Abu Dhabi misses analyst estimates for Q4 profit as more cash set aside for bad loans.

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Dubai heads regional losers, Saudi up on oil

Oil prices close on a 14 month high, as Kuwaiti bluechips are 'hammered'.

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Project Peril

During the boom years, CIOs pushed their teams to the limit to ensure vital infrastructure would be ready in time - but with the downturn, many of these projects lie cancelled or indefinitely delayed. Piers Ford looks into the vital role of the project manager in preventing these kinds of situations.

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Dubai rally ends, most Gulf markets end lower

Majority of the Gulf markets ended lower due to end of year quiet trading.

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Goldman Sachs ups ratings on Abu Dhabi banks

Investment bank raises to 'buy' First Gulf Bank & NBAD from 'neutral' and 'sell'.

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GCC states closer to achieving one currency

GCC to attempt to bring UAE and Oman back on board for unified currency plan.

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NBAD launches first branch in Hong Kong

Abu Dhabi bank plans to use launch to expaned operations in Asian markets.

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NBAD will invest in Dubai but 'with caution'

Bank announces plans to expand in six countries across Asia, including China and India.

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NBAD has $345m exposure to Dubai World

Largest lender by market makes the first disclosure of the potential fallout from Dubai's debt trouble.

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National Bank of Abu Dhabi posts 41% rise in Q3 profit

The Abu Dhabi-based lender posted a third quarter net profit of AED914m ($248.8m).

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S&P to be used to calculate NBAD Islamic Index

Index measures performance of Shariah-compliant securities listed on ADX, DFM.

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NBAD, DVB launch aviation investment fund

Fund to invest principally in aircraft and engines on lease to international airlines.

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UAE's NBAD plans 5-yr bond, sees over $2bn interest

Bonds likely to be priced 190 to 200 bps over the benchmark mid-swap rate.

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UAE cbank rejigs interbank rate panel to spur lending

Central bank hopes change in panel will lower rates and spur lending.

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Abu Dhabi power project said close to $1.1bn loan

Sponsors of Shuweihat 2 power generation project said to have lined up 12 banks.

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UAE interbank rates drop post cenbank's benchmark plan

UAE central bank openly mulled creation of an official Emirates interbank offered rate.

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UAE's NBAD to enter Jordan, Hong Kong by year end

National Bank of Abu Dhabi eyes 22 branches in Egypt by 2013 and 3 branches in Oman next year.

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NBAD Q2 net profit falls 9.3%

Bank confirms relatively minor exposure to troubled Saudi conglomerates Algosaibi and Saad.

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Saudi Saad's sukuk investors mull setting up committee

Investors in troubled conglomerate look for representation at creditor meetings.

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Dubai house prices set for further 20% fall - survey

Reuters poll of 10 analysts also reveals opinions on dates for real estate rebound.

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Saad woes cloud region - Moody's

Agency says problems at Saudi company will impact how it assesses privately-held firms across Gulf region.

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NBAD wins approval to open in Hong Kong

National Bank of Abu Dhabi will open first branch in Chinese territory H209 to improve Far East links.

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What your customer wants

Six regional IT executives spell out exactly what they need from their IT providers

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Drake & Scull unit seals AED400m deal

Contract won by Gulf Technical Construction Company (GTCC) marks first foray into Abu Dhabi market.

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NBAD looks to issue new loans, open new branches

Bank posted a 12% drop in Q1 profits, but thinks market revival is in sight

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National Bank of Abu Dhabi Q1 net profit down 12%

UAE money lender beats market forecasts; earns $209.7m net profits in Q1.

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DEWA confirms refinancing of $2.2bn loan

Total of 18 international, regional and local banks are involved in the refinancing deal.

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Dubai Islamic Bank considering raising fresh capital

Bank also examining converting emergency government deposits into regulatory capital.

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Emirates Islamic Bank to convert deposits into capital

Bank is fourth in UAE to convert federal gov't deposits into Tier 2 capital.  

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NBAD to bolster capital to reduce risk

National Bank of Abu Dhabi board to convert $1.53bn of UAE gov't deposits into regulatory capital.

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On high alert

Threats to liquidity are not the only pressure points that banks and financial organisations need to be on the look out for. There are other immediate issues that can jeopardise security.

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Call to arms

Banks and mobile network operators are ramping up their investments in mobile remittance services. But who will win out?

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Lending restrictions expected to be eased in Abu Dhabi

Abu Dhabi's five largest banks are expected to ease lending restrictions to investors this week.

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Banking on security

The Middle East banking and finance industry has never been under more pressure than it is now. NME looks at the measures organisations have put in place to protect their valued assets and what they plan to do over the next twelve months.

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NBAD to pay 20% cash dividend, 40% bonus shares

Abu Dhabi bank's board aims to get nod for dividends at general assembly on Mar. 3.

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NBAD Q4 profit down; CEO sees tough '09

National Bank of Abu Dhabi posts Q4 net profit at 492m UAE dirhams ($133.9 m), down 34%.

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Kuwait, Oman, Qatar markets end at multi-year lows

UPDATE 8: Investors fear poor Q4 results and lack of immediate government action.

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Abu Dhabi bank chief quits for investment role

National Bank of Abu Dhabi's chairman to devote more time to sovereign wealth fund.

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Abu Dhabi bank chief resigns

National Bank of Abu Dhabi chairman is replaced, no reason given in statement to UAE capital's bourse.

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Bank plans JV for $500mn real estate fund

National Bank of Abu Dhabi eyes investment opportunities in UK and German markets.

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Bad debts, loan curbs to hit UAE bank profits in '09

Income from trading, corporate finance, asset management will also fall - EFG Hermes.

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Master Banker

ACN's 2008 CIO of the Year, Srood Sherif of the National Bank of Abu Dhabi (NBAD) reveals how he deals with employee retention, his thoughts on how banks will weather the credit crisis and how NBAD's upcoming internal re-organisation will allow it to stay ahead of the competition.

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More banks curb lending to low wage earners

Banks across UAE hike minimum monthly salary needed to qualify for personal loan.

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NBAD launches m-payment service

NBAD Arrow service will allow users to make payments via SMS

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NBAD would welcome merger - CEO

Tomalin says management of Abu Dhabi's largest bank in favour, but decision up to gov't.

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National Bank of Abu Dhabi posts $177mn Q3 profit

UPDATE 1: Company's 13% increase, while National Bank of Abu Dhabi's profit falls 26%.

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Gulf banks face merger pressure

Speculation intensifies Abu Dhabi's leading banks to face first forced merger in the Gulf region.

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Abu Dhabi bank shares soar for second day

Merger speculation sees Abu Dhabi's ADCB up 10% and NBAD up 7% in early trading.

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UAE banks downplay merger talks

Abu Dhabi banks ADCBl and NBAD describe merger reports as just 'rumour' as lenders' share prices soar.

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Dubai property prices surge - survey

Gulf state's economic boom, population growth and cost of construction driving rising prices.

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UAE banks target foreign transactions in ATM fraud case

National Bank of Abu Dhabi to issue new cards to all customers by Oct. 1.

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UAE urged to adopt chip-and-pin

More secure card technology needed to stop repeat of last week's wide-scale fraud, experts say.

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UAE banks step up security after card theft

Lloyds TSB, HSBC, Citibank, National Bank of Abu Dhabi and Dubai Bank hit by fraud.

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Beat the clock

Srood Sherif, CIO of the National Bank of Abu Dhabi takes ACN on a exclusive tour of what life is like for right at the top of the tree in one of IT’s most demanding verticals – and how, after more than 30 years, he’s still keen to make a difference. Imthishan Giado reports.

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UAE's NBAD buys majority stake in Egyptian broker

Al-Salam Brokerage link-up will 'diversify products' and 'expand customer base'.

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Abu Dhabi bank posts record profits

National Bank of Abu Dhabi's net profit of $273mn in second quarter, up 72% on same period last year.

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NBAD okays employee bonds

Emirate's biggest bank by market value says approved plans to offer employees convertible bonds.

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Loans spur Gulf bank profits, inflation weighs

Many lenders to post double-digit Q2 profit as low interest rates spur credit demand - survey.

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Falcon agrees $238mn loan to buy 23 aircraft

Abu Dhabi charter firm looks to ramp service offering, including air taxi business.

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Ahli United, NBAD deny mega-merger

UPDATE 1: Bahrain and Abu Dhabi lenders reportedly in talks to create one of Gulf's largest banks.

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NBAD arranges AED450m Al Farida loan

National Bank of Abu Dhabi among syndicate financing conglomerate's expansion.

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NBAD doubles IT budget

Wide range of major projects underway for 2008 including banking systems and blade servers

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NBAD posts record profit following land sale

Abu Dhabi's biggest lender posted Q1 income of $238.3mn, an increase of 45.5%.

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Number one

Nazem Al Qudsi from National Bank of Abu Dhabi, discusses the UAE's best-performing fund for 2007.

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100% pay rise for expats

UAE emirate Umm Al Qaiwain considering unprecedented pay hike amid growing concern over inflation.

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Tabreed names banks for Islamic bond sale

Dubai-based National Central Cooling Company announces plans to sell up to $500mn of sukuk.

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Abu Dhabi bourse plans Asia roadshow

Some of emirate's biggest listed companies to accompany stock market on public relations drive.

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Fed man talking

Dr Alan Greenspan recently gave Gulf audiences the benefit of his 18 years' experience as head of the Fed, and spoke out about GCC dollar pegs and sovereign wealth funds. ABF was in Abu Dhabi to bring you his thoughts on the region.

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Hands off

This month Windows Middle East turns you into a phishing expert to help you safeguard your hard-earned green from online thieves.

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Central bank calls on UAE to curb spending

Governor Al-Suweidi says gov't must rein in spending to control record inflation in the Emirates.

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UAE money supply skyrockets

Supply growth surges at second-fastest pace in five years, up more than a third at end of December.

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NBAD $378mn bond-stock swap given nod

Shareholders approve swap plans as well as 40% cash dividend and 20% bonus shares.

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NBAD wins multi-million gambling lawsuit

London casino claims bank liable for unpaid debt from Emirati's $200mn betting spree.

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Limitless clinches $1.2bn Islamic loan

Dubai-based developer secures Sharia-compliant deal as part of global funding and expansion plan.

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Qatar rent cap to slash inflation 40%

Two-year rent freeze could help cut inflation in Gulf state, which hit 14% last year, NBAD says.

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UAE to publish inflation data monthly

Emirates plans to update consumer price index following review, source reveals.

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UAE inflation 11% in 2007 - NBAD

National Bank of Abu Dhabi revises forecast up by almost three percentage points on rising rents.

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NBAD to manage wave of 2008 IPOs

National Bank of Abu Dhabi expects to oversee eight initial public offerings this year, senior exec says.

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NBAD calls up Avaya solution

National Bank of Abu Dhabi rolls out Avaya IP Telephony to over 100 branches

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NBAD to sell $545mn of bonds to fund expansion

Abu Dhabi lender says 10-year floating rate convertible bonds to be listed on London bourse.

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NBAD plans $545mn bond

UAE's second-largest lender to list 10-year convertible bonds on LSE to fund overseas expansion.

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Money talks

Technology advances means mobile banking may be the Middle East's next big thing.

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Any time, anywhere

Mobile banking is tipped to be the next big thing in mature markets and could allow institutions here to offer services to unbanked consumers, Daniel Stanton discovers.

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UAE revaluation 'soon' - NBAD

Dirham undervalued against dollar by between 10% and 15%, UAE's second-largest lender says.

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Big bank theory

Michael H. Tomalin, chief executive of National Bank of Abu Dhabi, tells Daniel Stanton about his expansion strategy, and how to be number one.

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NBAD finances Etihad Airbus acquisitions

National Bank of Abu Dhabi underwrites $288mn loan facility to purchase four A330-200 aircraft.

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NBAD makes second straight profit gain

UAE's second-biggest lender tops analysts' forecast with rise in net income of 14% to $156.9mn in Q3.

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Buy Gulf stocks now, bank says

National Bank of Abu Dhabi urges investors to cash in on property, energy opportunities in regional markets.

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NBAD launches mobile money transfer

SMS Money Transfer allows customers to transfer money by SMS to any mobile phone user.

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NBAD moves funds out of Dubai

Abu Dhabi bank shifts focus to Saudi Arabia and UAE capital as Dubai's stock market continues its decline.

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NBAD eyes mergers, international expansion

Chief executive says Abu Dhabi bank looking for acquisition targets, but has yet to find the right fit.

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WINDOWS investigates: UAE internet banking

If you're looking to set-up an online bank account in the UAE, read on as the WINDOWS team checks out some of the market's current offerings and suggests which of these you can bank on.

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Space invaders

While online banking has made life easier, it has also exposed customers to the menace of cyber crime.

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Divide and prosper

Syndicated loans give regional banks an opportunity to build both regional and international relationships.

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Fighting against the merger mania

Each week Arabian Business turns the spotlight on a leading company.

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NBAD mulls $1.75bn bond sales

National Bank of Abu Dhabi has said it is considering selling bonds worth $1.75bn.

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ADCB rules out immediate NBAD merger

Abu Dhabi Commercial Bank says it sees no merger with National Bank of Abu Dhabi for at least two years.

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Candidates for consolidation

The region's banking sector is facing up to the biggest shake-up it has ever witnessed during its tender 50-year history.

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NBAD secures Westar mortgage rights

National Bank of Abu Dhabi is set to provide mortgages for the projects of the Dubai-based properties company.

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Pearl Azure hotel finance deal completed

NBAD and Emirates Bank conclude $354m hotel acquisition financing for Pearl Azure Hotels.

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National Bank of Abu Dhabi to restructure

Move by UAE's largest lender comes as more consolidation within the sector looks likely.

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Abu Dhabi says foreign investment at $681mn

Figure expected to rise further with marketing and cross-listings.

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ADCB buy makes sense for NBAD

NBAD CEO says no merger under consideration, but banking consolidation makes sense.

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NBAD makes opens Swiss branch in pitch for rich

National Bank of Abu Dhabi will offer private banking and trade finance services in Geneva.

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Dubai rents among world's priciest

The emirate has been ranked the 14th most expensive city for tenants.

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Aldar seeks $2.1b beach project loan

The UAE developer is seeking a syndicated loan to finance its Al Raha project.

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NBAD launches Swiss unit

NBAD becomes first bank in UAE to be granted full Swiss banking licence.

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Zubair Corporation inks $100m loan deal

The Omani company signs a corporate loan with banks including National Bank of Abu Dhabi.

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What's the catch?

Financial advisor Ben Lester analyses the pros and cons of signing up to National Bank of Abu Dhabi’s Smart Deposit.

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Capital firms bank on a golden future

Abu Dhabi's leading banks have made a huge splash across the Gulf's hugely successful finance sector.

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National Bank of Abu Dhabi profits slump

Fourth consecutive decline is blamed on costs developing Islamic and private banking units.

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Human capital

A shortage of skills is driving up the cost of hiring specialised staff for the banking and finance industry, increasing the competition for talent.

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Figures show UAE oil exports are at new record levels

The value of United Arab Emirates' crude oil exports rose 11.3% in 2006 to a record 178 billion dirhams (US $48.5 billion), according to data from the economy ministry.

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Etihad rules out cancelling A380

The Abu Dhabi airline - which expects revenue to rise to $1.25bn this year - is still looking to expand its fleet.

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UAE oil exports at record high

The value of UAE crude oil exports rose 11.3% in 2006 to a record $48.5bn, according to ministry data.

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NBAD mulls merger on Dubai banks' lead

The bank is considering a merger following the EBI-NBD announcement.

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UAE economic growth to slow

Growth in 2007 will be at its lowest since 2002, predicts the National Bank of Abu Dhabi.

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NBAD overhauls its core systems

National Bank of Abu Dhabi (NBAD) is upgrading its core banking systems at all of its locations around the globe.

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Transparency is the best form of defence

Anybody wanting to pop along to their local bookshop to get hold of some thrilling stories about cyber-criminals launching sophisticated attacks won't have to go far - you just need to walk to your nearest newspaper stand.

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ID theft prevention a joint responsibility

Customers and service providers need to take much more responsibility in helping to prevent identity theft, a senior manager at a regional bank warned this week.

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NBAD revamps core banking

The National Bank of Abu Dhabi (NBAD) is upgrading its core banking systems at all of its locations around the globe

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Credit boosts Abu Dhabi tourism

Abu Dhabi tourism development and investment to be boosted by syndicated credit facility for new projects

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NBAD moves into mobile services

Bank will be first in region to support phone payments

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NBAD to revamp core banking worldwide

National Bank of Abu Dhabi (NBAD) is upgrading its core banking systems at all its locations around the globe.

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National Bank of Abu Dhabi turns to Fujitsu for new core banking solution

National Bank of Abu Dhabi (NBAD) has awarded Fujitsu Services with a contract to supply Fujitsu Siemens Computers Primepower 900 servers as the platform for its new core banking system.

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Phishing attacks now homegrown

Arabic speakers being used to target region, experts warn

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National Bank of Abu Dhabi (NBAD)

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National Bank of Abu Dhabi

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Honouring the region’s best technology firms

The achievements of firms — both local and international — and individuals were celebrated at the second IT Weekly Middle East Arab Technology Awards

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Mobile Telecommunication Company

The Facility will be used for general corporate purposes including refinancing of the existing US $750 million signed on 18 December 2005.

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Keeping your identity

Systems security used to be about keeping the bad guys out, but as threats have evolved identity management and authentication have emerged as key to successful policing

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NBAD Makes Senior Appointments

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Pointsec’s encryption for all NBAD’s laptops

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UAE bank invests in encryption to ensure data security on the move

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NBAD invests in WAP banking services

National Bank of Abu Dhabi is the latest of the UAE’s major local banks to jump on to the Internet bandwagon, with the announcement that it is set to deploy Infosys’ BankAway Web banking solution.

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