Saturday 30 August 2014
 
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Noor Bank

Noor Bank appoints new treasurer

Noor Bank, Dubai, a subsidiary of Noor Investment Group, has appointed Damian White as its new treasurer. In this role, White will be responsible for managing the bank’s trading activities, investment portfolio and the sale

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Islamic banks rebranding in bid to go global

Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word "Islam" from their names - a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming m

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Noor Bank becomes National Bonds distributor

Dubai-based Noor Bank said it has been appointed as a distribution agent by National Bonds Corporation (NBC), a unique UAE leader in Sharia compliant savings and investment schemes, to extend the availability of the savings programme.

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Noor Bank Q1 profit surges to record $23m

Dubai’s Noor Bank has reported record net income of Dh85 million ($23 million) for first quarter 2014, up from Dh31 million for first quarter 2013, marking an increase of 174 per cent. Return on equity improved to 14 per cen

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DMCC to boost Islamic commodity trade with tie-ups

The Dubai Multi Commodities Centre (DMCC) aims increase both the volume and size of transactions on its sharia-compliant commodity trading platform by partnering with a global brokerage. This week, the DMCC partnered with global b

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Dubai Group debt deal 'taking more time'

Dubai Group, part of a conglomerate owned by the emirate's ruler, may take longer than expected to reach an agreement with its lenders on a debt deal, a senior banker involved in the talks said on Monday. "It is taking a bit more time," Hu

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Noor boss wins CEO award

The Group chief executive officer of Noor Investment Group and Noor Islamic Bank has been named CEO of the Year– Best Islamic Bank at this year’s CEO Middle East Awards in Dubai. The award was given in recognition of Hussain AlQemzi’s role

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