Norconsult Telematics

Jobs, News and Information for Jobseekers in the Gulf

Upload Your CV
Find the latest Banking news in Dubai, UAE, Abu Dhabi, Saudi Arabia and the rest of the GCC. Find news of IT, Telecoms, Finance and Banking from the companies in the Middle East.

Latest Banking News

 Page 4 of 15 «123456789...15»

Groundbreaking Sustainability Report by the National Bank of Abu Dhabi

UAE : 20 July

With a pioneering distinction, the National Bank of Abu Dhabi (NBAD) released their Sustainability Report for 2009, the first ever of its kind in the country.

The UAE bank posted the report on their website.  It includes findings regarding their current sustainability operations and declarations of future sustainability commitments for the leading bank.

The NBAD is committed to being transparent and the 2009 report on sustainability is a step in that direction.  It also puts the bank on a direct path to sustainability.  The NBAD report follows the Global Reporting Initiative Application (GRI) for Level B, covering certain GRI markers in the information.

Michael Tomalin, Group Chief Executive of NBAD, talked of his pride in the organization as it the first bank in the emirate to compile this report and is also taking a global lead.  The NBAD is an international institution and strives to “create a positive impact for the world” said Tomalin.  They are looking to become a bank others look up to and the top banking organization in the UAE.  Sustainability is an important part of that.

Tomalin and the organization believe that they have a responsibility to practice sustainability, both for the society and to make the NBAD more productive, efficient and in the end, profitable.  The bank has initiated a reduction in paper use, increased the energy conservation tactics and made investments in the health and lifestyle of people who work for them.  They feel that these strategies will pay off as a whole for the business.

NBAD was involved as a founder and member of the Abu Dhabi Sustainability Group (ADSG).  This group formed in 2008 and was a combination of 15 government bodies, private businesses and charitable organizations.  Their goal was to implement sustainable practices in their own businesses and back up the development of Abu Dhabi itself.  As evidenced with this report, NBAD is an important player in the country’s efforts to be sustainable over the long term.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
20 July

Economic Recovery in the UAE For the Non-Oil Industries is Predicted for 2011-2012

Future projections for the UAE’s non-oil based economy are positive as a Saudi investment firm predicts a slight increase in 2010 followed by 24 months of sharp recovery.  These predictions are based on increased oil production and high oil prices.
The non-oil GDP of UAE recorded peak growth ratings from 2007 to 2009 before hitting a [...]

29 June

China Construction Bank Gets Ready For Dubai Branch

Dubai’s deputy ruler, Sheikh Mohammad Bin Rashid Al Maktoum has held talks with a delegation from the China Construction Bank, including its chairman, Guo Shuqing.
Reports state that Sheikh Maktoum commended China on its rise in the global economy and indicated that the visit was the beginning of a new relationship between the UAE’s and China’s banking [...]

22 June

Gulf Businesses Confidence Index Hits 2 Year High – More Gulf Jobs

Business people in the Gulf are “realisticallty optimistic” about their organisations outlook, according to HSBC’s “Gulf Business Confidence Index”, which hit a 2 year high in figures released this week.
The index, a barometer of the “mood” of our business leaders in the region, looks at parameters such as predictions of revenue, achieving targets, budgets and [...]

10 June

A Single Gulf Shariah Council Not ‘Far Fetched Reality’

A single Shariah board to regulate the Gulf’s Islamic financial institutions may be a reality in the near future.
Shariah scholar, Hussain Hamed Hassan, Chair of the Shariah Coordination Committee of the Islamic Financial Institutions in the U.A.E, has said that ‘it will happen’ but that it is ‘a question of time.’  He suggested 2013 was [...]

 Page 4 of 15 «123456789...15»
About Gulf Jobs Market News
We are dedicated to bringing you all the latest economic and job market news from the Gulf

Read about our writing team here

Got a story?
Contact the news desk at or by phone at +44 (0) 207 100 4537