Archive for Articles – Finance & Legal

Emirates NBD appoints new Chief Financial Officer

Monday, September 13th, 2010
| Categories : Articles - Appointments, Articles - Finance & Legal
Emirates NBD appoints new Chief Financial Officer

Emirates NBD, the leading bank in the region, has announced the appointment of Surya Subramanian as its Chief Financial Officer. Mr. Subramanian is a Chartered Accountant (India) with more than 25 years experience in banking and finance in India, Pakistan and Singapore where he was based for the last 20 years. He has experience in [...]

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Visa launches Luxury Hotel Collection for UAE cardholders

Wednesday, September 8th, 2010
| Categories : Articles - Finance & Legal
Visa launches Luxury Hotel Collection for UAE cardholders

Visa today announced the launch of the Visa Luxury Hotel Collection, giving Visa Platinum and Visa Infinite cardholders in the UAE a way to now find, book and enjoy unique benefits at a hand-selected group of prestigious hotel properties throughout the world. Visa Platinum and Visa Infinite cardholders now have around-the-clock access to research and [...]

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Mashreq opens branch in Mall of the Emirates

Monday, September 6th, 2010
| Categories : Articles - Finance & Legal
Mashreq opens branch in Mall of the Emirates

In line with its strategic plans, Mashreq, one of the leading financial institutions inaugurated its latest branch in Mall of the Emirates. The new extension of the mall ‘Fashion Dome’ hosts over 40 new luxury stores including restaurants and accommodates some of the brands, which entered UAE market for the first time. Douglas Beckett, Head [...]

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Emirates Islamic Bank announces new Intaleq vehicle finance in association with Al Habtoor Motors

Wednesday, September 1st, 2010
| Categories : Articles - Automobiles & Boats, Articles - Finance & Legal
Emirates Islamic Bank announces new Intaleq vehicle finance in association with Al Habtoor Motors

Emirates Islamic Bank announced its new “Intaleq” vehicle finance promotion in association with Al Habtoor Motors. Under this plan, individual customers will have the opportunity of owning any brand new Mitsubishi vehicle in an easy and convenient way. This special offer consists of many key features which are aimed at providing maximum customer satisfaction. Offering [...]

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Dubai First appoints new Senior Vice President for Marketing and Communications

Monday, August 30th, 2010
| Categories : Articles - Appointments, Articles - Finance & Legal
Dubai First appoints new Senior Vice President for Marketing and Communications

Dubai First, the leading consumer finance company from Dubai Group and member of Dubai Holding, has today announced the appointment of Amit Marwah as Senior Vice President and Head of Marketing and Communications. The move comes as Dubai First re-aligns its marketing strategy to increase its overall market share and achieve its mission of attaining [...]

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Standard Chartered breaks through with cash management solution in the UAE

Monday, August 16th, 2010
| Categories : Articles - Finance & Legal
Standard Chartered breaks through with cash management solution in the UAE

In keeping to its client focus approach to banking, Standard Chartered Bank has launched a new cash management service for corporate and institutional clients in United Arab Emirates (UAE). Client Account Services (CAS) is an innovative web-based solution designed for for organisations to manage customer funds. This is a first-of-its-kind solution by Standard Chartered Bank [...]

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Al Ansari Exchange to launch the first mobile branch in the UAE and the MENA region

Saturday, August 14th, 2010
| Categories : Articles - Finance & Legal
Al Ansari Exchange to launch the first mobile branch in the UAE and the MENA region

Al Ansari Exchange, a leading provider of worldwide remittance and foreign exchange services, has announced plans to launch ‘Al Ansari Exchange Mobile Branch’, the region’s first roving branch that provides ‘Wage Protection Scheme’ (WPS) to labourers. The concept of the mobile branch was conceived to address the needs of clients, especially those residing in labour [...]

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Dubai Mercantile Exchange (DME) achieves two new trading records

Wednesday, August 4th, 2010
| Categories : Articles - Finance & Legal
Dubai Mercantile Exchange (DME) achieves two new trading records

The Dubai Mercantile Exchange (DME) announced today that two new trading records were set in July 2010 as the exchange entered its fourth year of operations. Total open interest in its flagship DME Oman Crude Oil Futures Contract (DME Oman) during July 2010 reached a new record of 20,160 contracts. Open interest is the total [...]

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Mashreq adds iPhone application and Arabic language to mobile banking services

Monday, August 2nd, 2010
| Categories : Articles - Finance & Legal
Mashreq adds iPhone application and Arabic language to mobile banking services

Reaffirming its commitment to meeting customers’ banking requirements, Mashreq announced the launch of an iPhone and Arabic language service applications to compliment its unmatched mobile banking service. This fully transactional service allows Mashreq customers to check their accounts, make payments and transfer funds anywhere in the world through their mobile phones at anytime, from anywhere. [...]

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Emirates Islamic Bank and Arabian Automobiles launch promotion for new Nissan vehicles

Wednesday, July 28th, 2010
| Categories : Articles - Automobiles & Boats, Articles - Finance & Legal
Faisal Aqil Emirates Islamic Bank & Felix Welch, Director - Sales and Marketing at Arabian Automobiles

Emirates Islamic Bank has launched an exclusive promotion for INTALEQ Vehicle Fleet Finance Customers with Arabian Automobiles for all brand new Nissan vehicle models (i.e. Passenger Vehicles and LCV including Altima, Sunny, Tiida, Urvan Vans, Pickups and Civilian 26 & 30 seat Bus). Mr. Faisal Aqil, General Manager Retail Banking at Emirates Islamic Bank said, [...]

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National Bonds sales cross AED one billion in the first half of 2010

Monday, July 26th, 2010
| Categories : Articles - Finance & Legal
National Bonds sales cross AED one billion in the first half of 2010

National Bonds Corporation PJSC, the leading Shari’a compliant savings scheme, has achieved sales of over AED 1 billion in the first half of 2010, taking its total number of customers to more than 590,000, a growth of 5% over last year. This means that around 8.5% of the UAE population is now National Bonds holders. [...]

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Standard Chartered Bank launches mortgage facility for non UAE residents

Monday, July 19th, 2010
| Categories : Articles - Finance & Legal
Standard Chartered Bank launches mortgage facility for non UAE residents

Standard Chartered Bank has launched a unique new mortgage facility which offers non UAE residents a customised approach to avail loans of up to $5 million. With customers in mind, the mortgage process has been made easier as a result of the Bank having developed two UAE first-in-market assessment criteria specifically tailored to this affluent [...]

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Lloyds TSB Middle East opens a new customer service centre in Jebel Ali Free Zone

Sunday, July 11th, 2010
| Categories : Articles - Finance & Legal
Richard Musty, Managing Director & Vivek Vohra, Head of Corporate Banking open Lloyds TSB ME Jebel Ali.

Lloyds TSB Middle East, part of one of the world’s largest banking groups, has expanded its banking operations in the UAE. The bank, which has been in the region since 1977, today announced the opening of a new customer service centre in Jebel Ali Free Zone. Vivek Vohra, Head of Corporate Banking, Lloyds TSB Middle [...]

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