Tagged: Emirates Business 24/7

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 …

Around 98% of GCC firms belong to families

Around 98% of GCC firms belong to families

According to a Saudi study, nearly 98 per cent of the companies operating in Gulf oil producers are held by families. This means that they could collapse unless they are turned into joint stock companies. The study, authored by Saleh al Sarei, a member…