New initiatives include a one-stop shop solution powered by blockchain technology
Noor Bank
Latest in Noor Bank
Android Apps
Dubai bank launches new app to boost customer loyalty
Noor Bank Infinity Treats app offers unlimited buy one, get one free deals on dining, entertainment at over 1,000 locations across the UAE
Azimut Limited
Dubai’s Noor Bank raises over $138m for Azimut’s fixed maturity plan
Islamic fixed maturity plan to mature in four years and provide income of five percent per annum
bank merger
Dubai Islamic Bank approves plan to acquire Noor Bank
The acquisition will consolidate Dubai Islamic Bank’s position as one of the largest Islamic banks in the world, with combined assets of $76bn
Financial Services
UAE’s Noor Bank to offer instant money transfers to India
Indians abroad sent $79 billion in remittances home in 2018
Abu Dhabi Commercial Bank
Look who’s talking: the Gulf’s $1trn bank merger bonanza
More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks
bank merger
Dubai banks said to hire advisors for merger talks
Sources say Dubai Islamic Bank has hired HSBC Holdings to advise on its possible acquisition of smaller rival Noor Bank
Dubai Islamic Bank
Dubai Islamic Bank weighs acquisition of local rival Noor Bank
Dubai Islamic Bank’s acquisition of Noor Bank would create a lender with $75bn in assets
Dubai Financial Market
Dubai Islamic Bank on the lookout for potential acquisitions
Dubai Islamic Bank was reported last month to be considering buying Noor Bank
bank merger
Dubai Islamic Bank is said to consider acquiring Noor Bank
Dubai Islamic Bank held preliminary discussions with Dubai-based Noor Bank’s shareholders, according to sources
credit card offer
UAE bank offers customers 0% instalment plan for Dubai traffic fines
Repayments can be made over a number of months by downloading the Dubai Police smart app or using Dubai Police website
Abraaj Group
Dubai bank said to win right to swap Abraaj debt for fund stakes
Noor Bank provided a $100m loan to the collapsed Abraaj Group, once one of the most high-profile private equity companies in the Middle East
Al Ahli Bank of Kuwait
Dubai Aerospace Enterprise closes $800m loan facility
Dubai-based aircraft leasing firm says loan facility attracted numerous banks, substantial oversubscriptions
Bahrain
Bahrain said to raise $500m as it awaits support from Gulf allies
Sources say Bahrain has raised $500m from a private placement of bonds with five regional banks