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HuaweiABU DHABI - Abu Dhabi Commercial Bank, announced on Saturday the launch of its “Back to Back Letter of Credit Facility,” a core component of its Structured Trade Finance capability.
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ABU DHABI - Abu Dhabi is targetting a seven per cent growth rate in its non-oil sectors in the coming years, to achieve the goals set in its Vision 2030 document, according to Mohammed Omar Abdullah, Undersecretary of the Department of Planning and Economy (DPE).
LONDON - Islamic financial and insurance companies in the Gulf are more resistant to the global financial crisis than their “conventional” counterparts because Shariah law prohibits interest-based financial products, Standard & Poor’s said.
DUBAI - Saudi Arabian shares declined, led by financial companies, on concern banks will continue to suffer losses amid a deepening global recession.
Dubai — Abu Dhabi Commercial Bank (ADCB) bested other banks for the “Best Premium Banking Service Award” at the recent Banker Middle East Annual Products Awards.
Dubai — Top-notch bankers and economists from across the globe are expected to discuss issues plaguing global banks due to the economic downturn at the annual International Chamber of Commerce Banking Commission (ICCBC) meeting, the first time the high-profile event will be held in the Middle East.
Dubai — The National Bank of Abu Dhabi (NBAD) is intensifying its marketing campaign by fielding 40 mobile banks across the United Arab Emirates in its bid to increase its customer base.
Dubai — For Gautam Hari Singhania, who heads India’s manufacturing conglomerate Raymond Group, it was divestment and consolidation that had paid off in an era of growing diversification trends.
DUBAI — The Dubai International Financial Centre (DIFC) and the Indian Business and Professional Council (IBPC) in Dubai are exploring potential financial and investment ties to further boost trade between India and the United Arab Emirates.
TOKYO - Organisation of the Petroleum Exporting Countries (Opec) member United Arab Emirates deepened its curbs on crude oil supply to Asia in April, surprising traders and a possible signal that the oil groupcould cut production further at its 
March meeting.