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Emirates NBD, UAE’s largest lender, Monday inked a Memorandum of Understanding (MoU) with Bank Hapoalim, Israel’s biggest bank, as fruit of normalization between the two countries. The agreement announced by Dubai Media Office, Gulf Business reports, will allow Israeli clients Read more
Dubai’s largest bank, Emirates NBD is in early talks with Lebanon’s BLOM Bank which is looking to sell its Egypt-based subsidiary BLOM Bank Egypt. The deal is not certain, the Dubai-based bank said though both sides are still continuing the Read more
Dubai’s largest bank Emirates NBD Tuesday laid off 800 employees as the institution launches adjustment plan to navigate impacts of the covid-19 pandemic. A spokesperson for the bank told The Khaleej Times the decision comes as result of the impacts Read more
North Carolina-based Bank of America Corp. (BofA) has acquired about 1.51 per cent of Dubai largest bank Emirates NBD for an investment of AED900 million, Arabian Business reports citing an anonymous source. The operation takes as the UAE banking sector Read more
Dubai’s biggest bank, Emirates NBD, Monday published satisfactory figures concerning its performances for the first nine months of 2017 marked by a 15-rise in the profit for a total of $1.67 million. Among other good performances, the Dubai bank underlined Read more
10 days after Saudi Arabia announced that it was opening its stock market to foreign companies thereby surpassing its traditional swaps and exchange trade funds that are in place, most of the stock exchange markets in the Middle East have Read more