Emirates NBD

Industry News

DP World Appoints Two Independent Non-Executive Directors to Board

DP World has appointed Amer Abdulrahim Kazim and Iman Al Qasim as independent non-executive directors to its board with immediate effect. Kazim brings more than 27 years of experience across banking, aviation, telecoms, and real estate, while Al Qasim contributes over two decades of human capital leadership. The appointments aim to strengthen the Dubai-based logistics operator's governance and strategic execution.

Industry News

Emirates NBD Deploys OpenAI Models on UAE In-Country Infrastructure

Emirates NBD has partnered with OpenAI to run GPT models on UAE-based infrastructure, becoming the first bank in the MENA region to adopt this approach. The arrangement allows the lender to deploy frontier AI while adhering to strict domestic data residency and compliance regulations. The models will be utilized across customer service, risk analytics, workflow automation, and staff productivity.

China–UAE News

Dubai Aerospace Enterprise Plans $2.1 Billion Loan with Major Chinese Banks

Dubai Aerospace Enterprise (DAE) plans to raise $2.1 billion to meet working capital requirements, according to a Bloomberg report cited by Zawya. The seven-year loan will be arranged by major institutions including Bank of China, ICBC, and China Construction Bank (Asia). The financing will be split into US dollar and UAE dirham tranches.

Industry News

UAE Stocks End Mixed as Easing Iran Tensions Lift Dubai Benchmark Index

United Arab Emirates stock markets ended mixed on Friday as regional tensions eased following remarks from US President Donald Trump regarding Iran. Dubai's benchmark index broke a three-session decline to close 0.3% higher, driven by gains in Emirates NBD and Emaar Properties. Abu Dhabi's index finished lower, pressured by drops in basic materials, telecoms, utilities, and First Abu Dhabi Bank.