Latest news with #HeshamAbdullaAlQassim
Mid East Info
17-05-2025
- Business
- Mid East Info
Dubai Government Human Resources Department and ESCP Business School Sign Strategic Partnership Agreement with Emirates NBD to build the next Generation of Emirati Financial Sector Leaders
This unique partnership brings together the expertise of the private, public and educational sectors to deliver the Chief Financial Officer Program, designed to empower Emirati finance professionals The partnership reflects the long-standing commitment of both parties to developing Emirati talent to strengthen its industry leadership pipeline, while supporting the UAE to build its increasingly global reputation as an innovative finance hub and knowledge centre Dubai, United Arab Emirates,May 2025: In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, and His Excellency Eng. Sultan bin Saeed Al Mansoori, Chairman of the Emirati Human Resources Development Council, the Dubai Government Human Resources Department and ESCP Business School – Dubai Campus, signed a Memorandum of Understanding (MoU) with Emirates NBD, the leading banking group in the Middle East, North Africa, and Turkey (MENAT) region, to launch a comprehensive program aimed at building the UAE's financial leadership pipeline. This initiative signifies the commitment of both parties in advancing Emirati talent and strengthening the UAE's position as a global financial hub. The memorandum of understanding (MoU) was signed during the Dubai Fintech Summit by Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group and His Excellency Abdulla Ali bin Zayed Al Falasi, Director General of the Dubai Government Human Resources Department. The signing of the Memorandum of Understanding was also witnessed by His Excellency Essa Kazim, Governor of the Dubai International Financial Centre (DIFC), and His Excellency Saeed Al Attar, Director General of the Executive Office of His Highness Sheikh Mohammed bin Rashid Al Maktoum. Their presence coincided with the celebration of the launch of a second financial initiative, the 'Dubai Financial Experts Programme,' a joint professional development program between the DIFC and the Mohammed bin Rashid Centre for Leadership Development. This program is designed to support mid-career Emirati financial professionals in their career advancement. The two new finance programs uniquely bring together the expertise of the private, public and education sectors to build a pipeline of UAE National finance leaders from the mid-managerial level up to the C-suite. Hesham Abdulla Al Qassim, Emirates NBD Vice Chairman and Managing Director, said: 'Our new CFO Program directly contributes to the UAE's strategic goals, including the Emiratisation of critical leadership roles, while strengthening our knowledge-based economy, and positioning the UAE as a global hub for finance leadership, fintech innovation and overall excellence.' Al Qassim added: 'This program builds on Emirates NBD's proven track record of Emirati talent development including our exemplary graduate programs, leadership development initiatives, and long-term partnerships with some of the world's leading tertiary institutions. We look forward to seeing this program deliver tangible outcomes for the UAE's finance sector and the broader nation.' Beyond financial sponsorship of the program, Emirates NBD will contribute capstone projects, ensuring practical relevance and real-world impact for participants. Emirates NBD will also provide invaluable professional insights and executive support, enriching the learning journey of all participants. His Excellency Abdullah Ali bin Zayed Al Falasi, Director General of Dubai Government Human Resources Department, said: 'We are extremely committed to identifying and nurturing the next generation of Emirati financial leaders. We will spearhead the selection of 30 exceptional finance professionals from across the government and private sectors to participate in this transformative program. We will collaborate closely on capstone projects to ensure they directly contribute to our national strategic priorities.' The program will be comprehensively promoted across key government and private entities, complemented by extensive outreach through Emirates NBD's digital marketing channels. Pr Bastian Dufilhol, Executive Director of ESCP Business School campus in Dubai, said: 'ESCP Business School, with its rich heritage dating back to 1819 and six campuses across Europe, is honoured to partner in this strategic initiative. We will design and deliver a transformative, five-month program in Finance, leveraging our internationally recognised faculty, cutting-edge curriculum, and immersive learning experiences, including coaching, mentoring, case studies and simulations, to empower the next generation of Emirati financial leaders. Our master's in finance has recently been ranked as the first in the world, which reflects our unwavering commitment to academic excellence and innovation in financial education. ESCP is proud to contribute to the UAE and Dubai's education strategy in this field.' About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As of 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Gulf Today
16-05-2025
- Business
- Gulf Today
Deal signed to strengthen UAE's position as a global financial hub
In the presence of Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, and Eng. Sultan Bin Saeed Al Mansoori, Chairman of the Emirati Human Resources Development Council, the Dubai Government Human Resources Department and ESCP Business School - Dubai Campus, signed a Memorandum of Understanding (MoU) with Emirates NBD, the leading banking group in the Middle East, North Africa, and Turkey (MENAT) region, to launch a comprehensive programme aimed at building the UAE's financial leadership pipeline. This initiative signifies the commitment of both parties in advancing Emirati talent and strengthening the UAE's position as a global financial hub. The memorandum of understanding (MoU) was signed during the Dubai Fintech Summit by Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group and His Excellency Abdulla Ali bin Zayed Al Falasi, Director General of the Dubai Government Human Resources Department. The signing of the Memorandum of Understanding was also witnessed by His Excellency Essa Kazim, Governor of the Dubai International Financial Centre (DIFC), and His Excellency Saeed Al Attar, Director General of the Executive Office of His Highness Sheikh Mohammed bin Rashid Al Maktoum. Their presence coincided with the celebration of the launch of a second financial initiative, the 'Dubai Financial Experts Programme,' a joint professional development programme between the DIFC and the Mohammed bin Rashid Centre for Leadership Development. This programme is designed to support mid-career Emirati financial professionals in their career advancement. The two new finance programmes uniquely bring together the expertise of the private, public and education sectors to build a pipeline of UAE National finance leaders from the mid-managerial level up to the C-suite. Hesham Abdulla Al Qassim, Emirates NBD Vice Chairman and Managing Director, said: 'Our new CFO programme directly contributes to the UAE's strategic goals, including the Emiratisation of critical leadership roles, while strengthening our knowledge-based economy, and positioning the UAE as a global hub for finance leadership, fintech innovation and overall excellence.' Al Qassim added: 'This programme builds on Emirates NBD's proven track record of Emirati talent development including our exemplary graduate programs, leadership development initiatives, and long-term partnerships with some of the world's leading tertiary institutions. We look forward to seeing this programme deliver tangible outcomes for the UAE's finance sector and the broader nation.' Beyond financial sponsorship of the programme, Emirates NBD will contribute capstone projects, ensuring practical relevance and real-world impact for participants. Emirates NBD will also provide invaluable professional insights and executive support, enriching the learning journey of all participants. Abdullah Ali Bin Zayed Al Falasi, Director General of Dubai Government Human Resources Department, said: 'We are extremely committed to identifying and nurturing the next generation of Emirati financial leaders. We will spearhead the selection of 30 exceptional finance professionals from across the government and private sectors to participate in this transformative programme. We will collaborate closely on capstone projects to ensure they directly contribute to our national strategic priorities.' The programme will be comprehensively promoted across key government and private entities, complemented by extensive outreach through Emirates NBD's digital marketing channels. Pr Bastian Dufilhol, Executive Director of ESCP Business School campus in Dubai, said: 'ESCP Business School, with its rich heritage dating back to 1819 and six campuses across Europe, is honoured to partner in this strategic initiative. We will design and deliver a transformative, five-month programme in Finance, leveraging our internationally recognised faculty, cutting-edge curriculum, and immersive learning experiences, including coaching, mentoring, case studies and simulations, to empower the next generation of Emirati financial leaders. Our master's in finance has recently been ranked as the first in the world, which reflects our unwavering commitment to academic excellence and innovation in financial education. ESCP is proud to contribute to the UAE and Dubai's education strategy in this field.' Emirates NBD (Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Turkey) region with a presence in 13 countries, serving over 9 million active customers. As of 31st March 2025, total assets were Dhs 1 trillion, (equivalent to approx. $272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of $4.54 billion.
Zawya
23-04-2025
- Business
- Zawya
Emirates Islamic Bank's profits hike to $272mln in Q1-25
Dubai: The net profits of Emirates Islamic Bank jumped to AED 1 billion in the first quarter (Q1) of 2025 from AED 811.44 million in Q1-24. Earnings per share (EPS) increased to AED 0.18 as of 31 March 2025 from 0.14 in the year-ago period, according to the financial results. The DFM-listed lender recorded total operating income valued at AED 1.44 billion in Q1-25, an annual rise from AED 1.34 billion. Total assets amounted to AED 123.35 billion in Q1-25, compared to AED 111.12 billion a year earlier. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, commented: 'The bank successfully issued a $750 million Senior Unsecured Sukuk in Q1-25. This successful benchmark issue reflects the increasing recognition of Emirates Islamic among the global investor community, evidenced by over $1.60 billion of demand from local and international investors.'
Khaleej Times
22-04-2025
- Business
- Khaleej Times
Emirates NBD's profit before tax surges 56% surge to Dh7.8b
Emirates NBD, a leading banking group in the UAE, announced a remarkable 56 per cent increase in profit before tax, reaching Dh7.8 billion for the first quarter of 2025. The bank's performance was driven by strong loan growth, an enhanced deposit mix, and innovative product offerings, propelling total income up by 11 per cent year-on-year to Dh11.9 billion. The bank's balance sheet crossed a historic milestone, with assets surpassing Dh1 trillion, fuelled by a buoyant regional economy, Dubai's largest lender said in a statement. Loan growth was a key driver, with lending increasing by Dh18 billion in Q1 2025, over half of which came from the bank's expanding international network. Deposits rose by Dh31 billion, including a record Dh27 billion surge in low-cost current and savings accounts, reinforcing the bank's strong funding base. The impaired loan ratio improved to 3.1 per cent, supported by an impairment credit of Dh0.5 billion, reflecting robust client recoveries amid favorable economic conditions. Hesham Abdulla Al Qassim, vice chairman and managing director of Emirates NBD, said: the profit growth was driven by strong regional expansion, increased digital adoption, an outperforming funding base and sustained loan recoveries. 'The balance sheet surpassed the Dh1 trillion milestone boosted by impressive loan and deposit growth from a buoyant regional economy.' Shayne Nelson, group chief executive officer, said the 11 per cent year-on-year increase in income was propelled by excellent loan growth and the bank's ability to attract and retain low-cost deposits. 'The group's ability to substantially grow income is a direct benefit of the strategic investment in our regional footprint, Digital and GenAI, helping to offset the impact of lower interest rates. Innovative products have successfully harnessed key growth areas.' Patrick Sullivan, group chief financial officer, said the group's low-cost current and savings account deposit base grew by a record Dh27 billion in the first quarter, helping absorb the impact of lower interest rates. 'The credit environment remains healthy, and clients continue to benefit from a buoyant economy, leading to a net impairment credit of Dh0.5 billion. Retained earnings helped support strong loan growth and the rock-solid balance sheet makes Emirates NBD a regional powerhouse, providing the platform for future growth.' Emirates Islamic Emirates Islamic, a subsidiary, achieved a milestone of its own, posting quarterly profits exceeding Dh1 billion for the first time, cementing its position as a top Islamic bank in the UAE. The bank's wealth management strategy also bore fruit, with assets under management reaching $50 billion, driven by the region's growing affluent population. Emirates NBD commands a 35 per cent market share of UAE credit card spending, with over Dh50 billion in credit and debit card transactions in Q1 2025. New offerings, such as the Abu Dhabi-focused 'Darna' co-branded credit card with Aldar and free local equity trading on the ENBD X and EI+ apps, have bolstered its retail and investment appeal, the bank statement said. The bank's net promoter score of 48 underscores its leadership in customer experience. Regionally, Emirates NBD's Saudi Arabia operations saw a 15 per cent loan growth, while new lending of Dh46 billion drove 7.0 per cent retail and 6.0 per cent corporate loan growth. The bank introduced structured credit, commodity, and investment products, boosting income from both local and international clients. Emirates NBD Capital retained its top spot for UAE IPOs and MENA loans, while ranking among the top three for international sukuk.
Trade Arabia
22-04-2025
- Business
- Trade Arabia
Emirates NBD assets top AED1 trillion milestone
Emirates NBD's profit before tax rose 56% to AED7.8 billion ($2.12 billion) as strong lending momentum, an improvement in deposit mix and new products drove an 11% year-on-year increase in income. The balance sheet surpassed the AED1 trillion milestone boosted by impressive loan and deposit growth from a buoyant regional economy. Deposits grew by 5%, driven by a record AED27 billion increase in low-cost Current and Savings Account balances. Loans grew AED18 billion in the first quarter of 2025, with over half of the increase sourced from the growing international network, the bank said. Emirates Islamic's quarterly profitability crossed the AED1 billion mark for the first time ever, highlighting its position as a leading Islamic bank in the UAE. The region's growing affluent population propelled Assets Under Management to $50 billion, affirming Emirates NBD's successful focus on Wealth Management and new products. Strategic investment in the group's regional footprint, digital and GenAI, are generating income, helping to offset the impact of lower interest rates, it said. Key Highlights – Q1 2025 * Profit before tax 56% higher q-o-q on significant loan growth from regional expansion, a low-cost funding base and strong transaction volumes • Assets surpass AED1 trillion milestone • Total income up 5% to AED11.9 billion on strong loan growth and improving low-cost funding mix • 3.5% loan growth in Q1-25, as lending grew AED18 billion with over half of the increase from international network • Deposits grew AED31 billion in Q1-25, including a record AED27 billion increase in Current and Savings Accounts, reinforcing deposit mix as a key strength of the group • Impairment credit of AED0.5 billion on impressive recoveries as clients benefit from a buoyant regional economy with impaired loan ratio improving to 3.1% • Emirates Islamic's quarterly profit exceeded AED1 billion for the first time * Emirates NBD's investment in customer focused services & products is propelling business growth • 35% market share of UAE Credit card spend; over AED 50 billion Credit and Debit card spend in Q1-25 • Launched bank's first Abu Dhabi retail and lifestyle 'Darna' cobranded credit card in partnership with Aldar • Excellent AED46 billion of new lending helped deliver 7% Retail loan growth and 6% Corporate loan growth in Q1-25 * Looking to the future, Emirates NBD is transforming into a data-first, digital-focused and environmentally responsible regional powerhouse • Launched crypto trading through Liv X in partnership with Aquanow and Zodia Custody Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, said: 'Emirates NBD's profit before tax grew substantially by 56% to AED7.8 billion in the first quarter of 2025, driven by strong regional expansion, increased digital adoption, an outperforming funding base and sustained loan recoveries." He said all business units achieved an outstanding performance as they delivered higher income year-on-year. "The group commands a 35% market share of UAE Credit card spend, and we processed more than AED50 billion Credit and Debit card spend in the first quarter of 2025," he said. Shayne Nelson, Group Chief Executive Officer, said: 'Emirates NBD delivered an 11% year-on-year increase in income, propelled by excellent loan growth and our ability to attract and retain low-cost deposits. "The group's ability to substantially grow income is a direct benefit of the strategic investment in our regional footprint, Digital and GenAI, helping to offset the impact of lower interest rates. "Innovative products have successfully harnessed key growth areas, including Private Banking, Wealth Management, Escrow, regional Corporate growth and Investment Banking. "We continue to develop strategic partnerships to accelerate advanced digital payment solutions for clients and have expanded our collaboration with 3 exciting FinTech companies ranging from blockchain based payments to international beneficiary validation.
