Latest news with #NationalBankofFujairahPJSC
Mid East Info
06-05-2025
- Business
- Mid East Info
National Bank of Fujairah hosts knowledge-sharing event focused on the sustainability of international markets
Business leaders and industry experts give insights to help NBF's customers sustainably meet global energy requirements Dubai –May 2025 — National Bank of Fujairah (NBF) has hosted the latest in its successful series of knowledge-sharing events on the strategic importance of sustainable frameworks. The event, attended by more than 100 delegates from diverse industries – including both NBF and non-NBF clients – shared strategies and tools to shape the future of business and sustainability in the UAE. Under the theme 'Global Forces Shaping the Sustainability of International Markets in 2025,' the event delved into the challenges and opportunities posed by rapid population growth and the surging demand for energy, which is expected to rise by 70% in 2035. In this context, the UAE has emerged as a leader, recognising the critical need for a diversified and sustainable approach to meet the world's growing energy requirements. The discussion highlighted the UAE's commitment to pioneering solutions that balance innovation, environmental stewardship, and energy security in the face of global pressures. NBF brought together expert speakers and industry leaders to discuss the impact of energy on various industries, the importance of sustainability, turning ideas into action, opportunities in technological adaptation, and how to stay ahead of emerging trends. Keith Bradley, Managing Partner at Living Business, gave an engaging presentation focused on sustainability in businesses and turning ideas into action. In informative panels, Sean Evers, Managing Partner at Gulf Intelligence, James McCallum, CEO & Chairman at Xergy Group and Professor of Energy at Strathclyde University, Niamh McBurney Associate Director at Control Risks, and Robin Mills, Chief Executive Officer at Qamar Energy, discussed the global macroeconomic outlook after three months of the New Trump Administration. In addition, Ashish, Executive for Business Development Strategic Marketing and Communications at NBF, Vimbai Samantha Gwaze, Sustainability Specialist at Monjasa, Dr. Ankur Dana, CEO at Dana Steel Industry LLC, Simon King, Senior HSEQ Manager at Stanford Marine, and Dharmendra Gupta, Financial Controller at Petrochem Middle East FZE explored case studies in the living business programme. The event is part of NBF's ongoing knowledge-sharing series, which has recently covered harnessing AI, ESG implementation and investment management. The series will continue throughout 2025, offering valuable insights to help NBF customers navigate evolving business trends. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
Zawya
10-04-2025
- Business
- Zawya
NBF champions sustainable maritime finance at FUJCON 2025
Dubai – National Bank of Fujairah (NBF) today confirmed its active participation in this year's Fujairah Bunkering & Fuel Oil Forum (FUJCON 2025), which took place from 7th – 9th April. Themed 'Achieving Maritime Vision: Sailing Towards Sustainable Fuels', this year's event shone a spotlight on the urgent transition to low-carbon energy solutions across the global marine and fuel oil industries. Marking its fourteenth edition and organised by S&P Global, FUJCON continues to serve as a critical meeting point for key players across the oil and maritime value chain. Held under the patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the UAE Supreme Council and Ruler of Fujairah, the forum convened industry leaders, regulators, energy producers, traders, shipowners, financial institutions, and legal experts from the UAE and beyond. As a long-standing supporter of the maritime and energy sectors, NBF brought deep market insight and a clear focus on sustainable finance to discussions. 'NBF was proud to contribute to this year's FUJCON agenda, as we believe sustainable finance is a catalyst for transformation in the maritime and energy sectors,' said Bilal Hasan Ashraf, Head - Energy & Marine, & Head of GLC Fujairah, Corporate Banking, National Bank of Fujairah. 'We're committed to supporting our clients and partners as they navigate new fuel standards, environmental mandates, and supply chain shifts — all while driving long-term value creation.' Bilal Hasan Ashraf, NBF's Head of Energy & Marine, spoke on a high-profile panel on the opening day, exploring the economic and geopolitical factors shaping global shipping routes and their impact on Middle East trade flows. This session also covered the challenges faced by cargo ships along maritime trade routes, focusing on the cost implications for vessel protection in the context of increasing security concerns, as well as the changing landscape of production and export dynamics heading into the region. FUJCON 2025 explored the intersection of decarbonisation, digitalisation, and regulatory change — offering insights into emerging trends in bunker fuel quality, pricing dynamics, trading outlooks, and technological disruption in maritime operations. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury, and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC, and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE. For further information, please contact: Strategic Marketing and Communications Department E-mail: CorpComm@ and nbf@
Mid East Info
26-03-2025
- Business
- Mid East Info
National Bank of Fujairah introduces multi-currency debit card for seamless global transactions - Middle East Business News and Information
Customer experience enhanced by making cross border payments simpler and more cost-effective. Dubai – National Bank of Fujairah (NBF) has announced the launch of its multi-currency debit card, a cutting-edge payment solution designed to enhance convenience and cost efficiency for travellers and international spenders. The new product allows customers to link a single AED debit card to multiple currency accounts, enabling seamless transactions in AED, USD, EUR, and GBP without incurring unnecessary foreign exchange conversion fees. The NBF multi-currency debit card is designed to simplify cross-border payments by automatically debiting transactions from the appropriate currency account. If a transaction occurs in an unsupported currency or if the linked currency account has insufficient funds, the card will intelligently fall back to the default AED account, ensuring uninterrupted transactions. The card can be used in international ATMs, for online payments, and in-store purchases, providing seamless access to funds from anywhere in the world, allowing customers to transact internationally with greater control and avoid additional foreign exchange markups. 'We are excited to introduce the NBF multi-currency debit card as part of our commitment to delivering innovative financial solutions tailored to our customers' evolving needs,' added Adnan Anwar, CEO at NBF. 'This card offers a cost-effective way for travellers and global spenders to manage their payments seamlessly enhancing their experience and convenience .' 'The launch of the NBF multi-currency debit card reflects our commitment to integrating smart financial technology that enhances customer convenience. This solution is built on an intelligent transaction framework that links multiple currency accounts, ensuring automatic currency matching and reducing foreign exchange costs. By embedding advanced security measures and real-time processing capabilities, we are not only simplifying global transactions but also providing customers with a hassle-free and secure digital banking experience', added Mahendra Dhillon, Chief Operations and Technology Officer at NBF. The multi-currency debit card will initially be available to holders of the NBF's Al Samy account before being rolled out to Priority account holders. Currently, multi-currency activation is only available through any NBF branch, via Relationship Manager (RM), or by calling the NBF Call Centre. Self-service activation will be enabled in the future. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
Zawya
10-03-2025
- Business
- Zawya
National Bank of Fujairah takes the lead role in arranging a $100mln syndicated financing deal
Dubai, UAE – The National Bank of Fujairah (NBF) has successfully closed a single currency term and letter of credit syndicated transaction totalling USD 100 million to support Pure Cement LLC in the construction of a clinker production unit with a capacity of 6,500 tonnes per day (TPD), and an 8.5 MW Waste Heat Recovery-based captive power plant. With a total project cost of USD 135.97 million, the financing will support the procurement of plant, equipment, and fixed assets, ensuring the successful execution of the project. NBF acted as the Arranger, Facility and Security Agent, leading the transaction in collaboration with Emirates NBD Bank (P.J.S.C.) and The National Bank of Ras Al Khaimah (P.S.C.), which each contributed USD 25 million. 'This transaction is a testament to NBF's ability to structure and deliver complex syndicated deals that drive business growth and industrial progress,' said Adnan Anwar, CEO at NBF. 'As the lead banker, we go beyond financing—we serve as a strategic partner, delivering tailored financial solutions that drive long-term success and strengthen our reputation as a trusted financial partner across the region.' To commemorate this milestone, NBF hosted a formal signing ceremony at its headquarters, bringing together representatives from Emirates NBD, RAKBANK, and key industry stakeholders. The event reinforced NBF's market leadership in syndicated financing, underscoring its commitment to supporting the UAE's economic growth and industrial expansion. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE. For further information, please contact: Strategic Marketing and Communications Department E-mail: CorpComm@ and nbf@
Zawya
28-02-2025
- Business
- Zawya
National Bank of Fujairah integrates NBF Direct App with UAE Pass, for enhanced security and convenience
National Bank of Fujairah (NBF) is excited to announce the integration of the NBF Direct mobile app with UAE Pass, the official digital identity solution for the UAE. This enhancement provides customers with a seamless, secure, and convenient login experience, reinforcing NBF's commitment to digital innovation and customer-centric banking. With UAE Pass integration, NBF Direct users can now enjoy instant authentication, allowing swift and secure access to NBF's full range of mobile banking services with a simplified login process. Customers who prefer existing login methods can continue to use them. Adnan Anwar, CEO of NBF, commented: "At NBF, we are constantly evolving our banking solutions to provide customers with greater convenience, security, and ease of access. The integration of UAE Pass with the NBF Direct app is a key step in this journey, ensuring a seamless and secure banking experience. Alongside this, our redesigned dashboard enhances usability, making everyday banking simpler and more efficient." In addition to UAE Pass integration, the NBF Direct app dashboard has been redesigned to offer a more intuitive and user-friendly experience. Customers can now view consolidated product balances in one place, access recent transactions and promotions more efficiently, and navigate quickly to their most frequently used functions. Mahendra Dhillon, Chief Operations and Technology Officer at NBF, added:"At NBF, we are committed to leveraging cutting-edge technology to enhance security and the user experience. The integration of UAE Pass with the NBF Direct app represents a significant milestone in our digital transformation journey. By streamlining access to our banking services with advanced digital identity solutions, we are reinforcing our commitment to innovation, cybersecurity, and customer-centric digital banking." These enhancements reaffirm NBF's dedication to delivering innovative digital solutions that align with customers' evolving needs. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
