NBAD to host GFMF in Abu Dhabi

NBADGlobal Financial Market Forum (GFMF) of the National Bank of Abu Dhabi - NBAD the Number One Bank in the UAE, saw leading speakers from all walks of life sharing their views at the glorious event. The Third GFMF would set in motion on February 27th and 28th while the Global Financial Markets Islamic Forum will be held on March 2nd and 3rd, 2011 at Yas Hotel in Abu Dhabi.

NBAD becomes the best financial website of GCC

nbadLeading bank of UAE, The National Bank of Abu Dhabi (NBAD) has been given the award of being the Best Financial Information website for the whole GCC region. The bank was offered this privilege by a research that was done by an independent company.

National Bank of Abu Dhabi issues sukuk

National Bank of Abu Dhabi issues sukukThe National Bank of Abu Dhabi (NBAD) has issued sukuk in Malaysia. The worth of the second of this nature is RM 500 million.

The main idea behind this is to provide for the investors' demand which has grown despite the year ending on a very challenging note. Soon after the issuance was done, it got oversubscribed by two times.

Trading Floor hit by NBAD’s ETF

Abu-Dhabi-Securities-ExchangeTrading in the first Exchange Traded Funds, or ETFs, was commenced by Abu Dhabi Securities Exchange, or ADX, on Thursday, trading platform in the region by listing and trading NBAD OneShare Dow Jones UAE 25 ETF.

The new fund, which will provide investors with exposure to 25 blue-chip companies from across the UAE, will follow the performance of the 'Dow Jones UAE 25 Total Return Index'.

Dubai has still $4 billion unused in Abu Dhabi Banks

NBAD-LogoDubai has yet to use $4 billion from the loan worth $5 billion it had borrowed from Al Hilal Bank and the National Bank of Abu Dhabi PJSC in November. It sold bonds of $5 billion to the NBAD and Al Hilal, according to the statement issued by Department of Finance.

National Bank of Abu Dhabi starts operations in Jordan

NBADNational Bank of Abu Dhabi (NBAD) inaugurated its operations in Jordan on Tuesday and became the 25th financial institution having their operations in the country. By 2014, NBAD shall have 6 branches operating in the country.

Michael Tomalin, Chief Executive NBAD, said, "The bank will work to expand its network in Jordan and shall be a significant contributor to the country's economic growth."