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The strategic move coincides with the Bank’s conversion to a Sharia’a-compliant financial institution at the start of 2007 grow the business.
DFSA has entered into a mutual recognition agreement to facilitate cross border distribution of Islamic investment products with the Securities Commission of Malaysia.
DFSA has entered into a Memorandum of Understanding with Bank Negara Malaysia committing both parties to the further development of international Islamic Finance markets.
Customers who signed up for new personal loans; top up loans; transfer loans; and car loans entered a draw to sail away to the Caribbean on a 7-day all expense paid luxury cruise liner holiday.
National Bank of Abu Dhabi has announced the continuation of their community initiative intended for NBAD clients and stakeholders.
The Dubai Financial Services Authority (DFSA) has issued on its website Consultation Paper No 44.
The sale will result in a gain of AED 52.5 million, which will be reflected in SHUAA Capital’s fourth quarter results for its financial year ending on the 31 March 2007.
All the new branches have been strategically situated in prime locations in order to provide easy access to Dubai Bank’s growing customer base.
Gulf Capital has acquired a 50% stake in Gulf Marine Services LLC (“GMS”), one of the largest jack-up barge and support vessel operating company in the UAE with presence throughout the Gulf.
It is the first time the advanced software has been implemented by a financial organisation in the UAE.
BankMuscat has announced the opening of its first branch in the Kingdom of Saudi Arabia at King Fahd Road in Riyadh.