| $465m convertible bonds from NBAD | | The National Bank of Abu Dhabi, or NBAD, has issued $465 million senior unsecured convertible bonds for general purposes and to benefit from attractive yield. | | UAB to offer door-to-door corporate banking soon | | Sharjah-based United Arab Bank, or UAB, will be rolling out Door-to-Door Banking, a service that will offer several corporate banking transactions to be carried out at client’s premises, a top executive said. | | Gulftainer planning $500m investments | | Gulftainer, a closely-held port operator based in the UAE, plans to invest $500 million over two years as it expands in Russia and Saudi Arabia, the world’s two biggest oil producers. | | MAF to invest $1b in ’13 | | The UAE’s Majid Al Futtaim Holding — the sole franchisee of hypermarket chain Carrefour in the Gulf — said it foresaw capital investments of up to $1 billion this year as it steadily expanded its foothold in the region. | | New HTL oil facility by end of May | | Horizon Terminals Limited, or HTL, the terminals business and wholly-owned subsidiary of the Emirates National Oil Company, or Enoc, on Saturday said that its new oil terminal in Fujairah, built at a cost of over $100 million, will be commissioned at the end of this month. | | Central Bank, Cert ink deal | | The UAE Central Bank has signed a memorandum of association with the Computer Emergency Response Team, or Cert, of the Telecommunication Regulatory Authority, or TRA, to boost data protection and security of its critical IT system. | | UAE adds power to mobile broadband | | The UAE on Wednesday took a critical initiative to stay ahead in broadband connectivity race by unveiling its band plan for 700MHz and the launch of spectrum in the 800MHz band for mobile broadband services. | | Design experts discuss new trends at Index seminars | | The Index International Design Exhibition and The Office Exhibition, which close today, have provided the regional interior design and architecture community with an inspiring professional experience, organisers said. | |
