Arab Today, arab today emirates nbd names bin ghalaita as dubai bank ceo
Last Updated : GMT 12:25:55
Arab Today, arab today
Arab Today, arab today

Emirates NBD names Bin Ghalaita as Dubai Bank CEO

Arab Today, arab today

Arab Today, arab today Emirates NBD names Bin Ghalaita as Dubai Bank CEO

Dubai - Arabstoday

Emirates NBD has appointed Jamal bin Ghalaita as CEO of its unit Dubai Bank, according to an e-mailed statement today. Bin Ghalaita will remain the CEO of Emirates Islamic Bank, another unit of Emirates NBD. Douwe Oppedijk, formerly the interim CEO of Dubai Bank, was named as an advisor to the CEO. The Dubai government handed control of Dubai Bank to Emirates NBD in October 2011, just four months after the troubled Islamic lender was bailed out by the Gulf state following loan losses. The takeover is a “practical translation of Dubai government’s commitment to strengthening the banking sector,” Emirates NBD chairman Sheikh Ahmed bin Saeed Al Maktoum said in a statement issued by Dubai government’s media office at the time. “[It will] reflect positively on the performance of UAE banking in general in the coming period.” The takeover was ordered by the ruler of Dubai, it said. Dubai said in May it would inject an unspecified amount of capital into Dubai Bank in a move aimed at protecting depositors\' interests and avoiding a default. The lender is wholly-owned by Dubai Banking Group, which itself is 70 percent-owned by state-backed Dubai Holding. Options for the lender included being run on a stand-alone basis or merged with another state-owned bank, the government said at the time. “The takeover aims at empowering financial institutions to serve the national economy and to consolidate the country’s position as a leading international financial hub,” the media office said. No financial details of the Emirates NBD take over were disclosed. In late June, Dubai\'s ruler named his uncle and close adviser Sheikh Ahmed bin Saeed al-Maktoum as chairman of Emirates NBD, the UAE\'s largest bank by assets, replacing Ahmed Humaid Al Tayer, a prominent Dubai business and political figure. Sheikh Ahmed also took charge of debt-laden conglomerate Dubai World as chairman in December. Emirates NBD in July saw second-quarter net profit surge 87 percent to AED744m, helped by a drop in loan loss provisions and improved income from investment securities.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today emirates nbd names bin ghalaita as dubai bank ceo Arab Today, arab today emirates nbd names bin ghalaita as dubai bank ceo

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday