Tuesday 23 September 2014

NBAD ranks 25th on safest banks list

National Bank of Abu Dhabi (NBAD) has again been ranked among the World’s 50 safest banks for the sixth consecutive year by Global Finance, a prestigious international financial magazine. NBAD ranks 25th on the list, up 10 positions from the number 35 spot it held


First tranche of Emaar malls IPO already covered

Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched. Dubai's largest real estate developer is aiming to raise as m


QNB lifts Ecobank stake in $283m deal

Qatar National Bank (QNB) has acquired a further 11 per cent stake in Ecobank Transnational Incorporated in a deal worth $283 million, making it the pan-African lender's largest shareholder. QNB acquired 2.048 billion ordinary shares using its existing resources to take its t


S&P to reclassify UAE, Qatar stocks

S&P Dow Jones will move Qatar and the UAE from frontier indexes and upgrade them to emerging markets on September 22, the company said. S&P's decision to re-classify the two countries and also Greece as emerging markets was announced last October following a consultat


Top HSBC executive in Saudi leaves bank

The chief executive of HSBC Holdings' investment banking business in Saudi Arabia, Walid Khoury, has left the bank, a spokesman for the lender confirmed on Monday. Nabeel Shoaib, who was deputy CEO and chief operating officer of the business for HSBC in the kingdom, will beco


Qatar’s rising importance as financial hub in focus

The changes in the global economy and Qatar’s rising importance as a financial hub will be the focus of a top Euromoney conference in Doha, Qatar in November. The third Euromoney Qatar Conference ‘global finance: re-launched’ will bring together leading financia

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