InFocus | Dubai Bank Merger
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Sunday May 3
Goldman to advise UAE banks on merger
Goldman Sachs, one of the world's leading investment banks, will advise Emirates Bank Group (EBG) and National Bank of Dubai (NBD) on their process of merger, the joint steering committee (JSC) of the banks said in a statement yesterday.
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Sunday May 3
Dubai merger creates UAE's largest bank
Emirates Bank International and National Bank of Dubai will merge to create one of the Middle East's largest banks with assets of Dh165 billion.
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Sunday May 3
Experts say industry to see more consolidation
There will be more bank mergers in the coming years as competition becomes intense in the GCC's banking sector, financial experts said.
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Sunday May 3
At a glance: Emirates Bank and National Bank of Dubai
Emirates Bank International (EBI) and National Bank of Dubai (NBD) will merge to create one of the Middle East's largest banks with assets of Dh165 billion.
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Sunday May 3
Trading suspended following EBI-NBD merger
The Dubai Financial Market suspended trading on the shares of Emirates Bank International (EBI) and the National Bank of Dubai (NBD) yesterday as news of the merger became public.
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Sunday May 3
Dubai up and running in regional bank race
The sun may be setting on an era of banking in the UAE and region, as a lone runner has broken from the pack, forcing the pace.
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Sunday May 3
Two decades on, economic setting has changed
The economic setting for bank mergers in the 1980s and the one on Tuesday could not have been more different. Between 1982-86, the country was in recession. The price of oil had declined sharply to less than $10 a barrel and government revenues had fallen.
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Sunday May 3
Reactions on the EBI-NBD merger
Gulf News asks experts and professionals what they think about the merger of Emirates Bank International and National Bank of Dubai.
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Sunday May 3
Shares of EBI and NBD soar
Trading in shares of Emirates Bank International and National Bank of Dubai resumed on Thursday after the two banks provided further information on their merger plans to Dubai's stock exchange.
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Sunday May 3
Financial experts welcome merger
Financial experts and analysts welcome the merger of Emirates Bank International and National Bank of Dubai to form the UAE's largest financial institution, saying it will spur a wave of consolidation.
