Tagged: Dubai Bank

Dubai Bank to be rebranded by November-end

Dubai Bank to be rebranded by November-end

According to an official announcement, by the end of November 2012 Dubai Bank will be rebranded as Emirates Islamic Bank (EIB). By merging the two Islamic banking holdings of the Emirates NBD Group, a stronger, more resilient proposition for customers …

Emirates NBD takes over Dubai Bank

Emirates NBD takes over Dubai Bank

Dubai Bank was saved by Emirates NBD under instructions from Sheikh Mohammed Bin Rashid Al Maktoum, Dubai’s ruler. Dubai Bank is owned by the government, which also has a 55% stake in Emirates NBD.
Rick Pudner, CEO of ENBD, stated that Dubai Bank wil…

Islamic wealth management grows in the Gulf

Islamic wealth management grows in the Gulf

It seems that Islamic financial institutions (IFIs) are not willing to leave wealth management to conventional foreign banks any longer. In the UAE, all IFIs have established wealth management centers in recent years. At Dubai Bank this segment is name…

Moody’s places Dubai Bank on review

Moody’s places Dubai Bank on review

Moody’s Investors Service put the E+ bank financial strength rating (BFSR), mapping to B1 on the long-term rating scale, of Dubai Bank (DB) on review with direction uncertain.
The review comes after the Government of Dubai’s announcement on 16 May 20…

Where now for Dubai Bank?

Where now for Dubai Bank?

It is now official that the Dubai government, acting under directions from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, Ruler of Dubai, has taken over Dubai Bank with no delay.
It seems that the governme…