Sunday 26 February 2017
 
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UAE nets $2.1bn revenue from e-Dirham in 2016

The UAE ministry of finance has collected Dh7.84 billion ($2.13 billion) government revenue through e-Dirham payment gateway in 2016. The number of e-Dirham service transactions conducted through the e-Dirham system rose by 6.94 p

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NBAD adopts Blockchain for remittances

The National Bank of Abu Dhabi (NBAD) has become the first Middle East bank to introduce real time cross border payments on Blockchain technology. The new channel, implemented with global financial settlement solutions provider Ripple,

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NBAD posts over $1.4bn net profit for 2016

National Bank of Abu Dhabi (NBAD) reported net profits of Dh5.296 billion ($1.44 billion) for FY’16, up 1.2 per cent year-over-year (y-o-y) as strong underlying performance was partially offset by several macro headwinds, including volatil

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NBAD raises $885m 30-year Formosa bond

National Bank of Abu Dhabi (NBAD) has raised a $885 million 30-year senior unsecured Formosa bond in January, the bank said. The transaction follows NBAD’s inaugural $696 million public Formosa bond in October last year, the

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Chinese engineering group seals NBAD deal

China State Construction Engineering Corporation (CSCEC) has signed a supply chain finance (SCF) agreement with UAE-based National Bank of Abu Dhabi (NBAD) to help enable Chinese corporate to offer better payment terms to suppliers as well as en

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NBAD Q3 profit stays flat at $359m

National Bank of Abu Dhabi (NBAD) reported net profits of Dh1.320 billion ($359.38 million) for the third quarter of this year, flat year-over-year (y-o-y) and down 4 per cent sequentially. During the period, strong underlying gro

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NBAD postpones green bond say sources

National Bank of Abu Dhabi has postponed the region's first green bond after investors considered the pricing unattractive, banking sources told Reuters on Sunday. Green bonds have become an increasingly popular source of borr

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Alex Thursby steps down as group CEO of NBAD

Alex Thursby has stepped down as the group chief executive officer (CEO) of the National Bank of Abu Dhabi (NBAD) after over three years in the role. Abhijit Choudhury, NBAD’s Group Chief Risk Officer, has been appointed as

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NBAD Q2 net profit dips 4.8pc, meets forecasts

National Bank of Abu Dhabi, the emirate's largest lender by assets, on Wednesday posted a 4.8 per cent fall in second-quarter net profit, broadly in line with forecasts. NBAD, which earlier this month said it had provisionally

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NBAD Q2 net profit dips 4.8pc

National Bank of Abu Dhabi , the emirate's largest lender by assets, on Wednesday posted a 4.8 per cent fall in second-quarter net profit, broadly in line with forecasts. NBAD, which earlier this month said it had provisionall

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