Emirates NBD reports a record profit of Dh29.8 billion before tax and suggests a dividend of 100 fils.
The UAE’s leading financial institution reported a 12% rise in total revenue, reaching Dh49.3 billion, thanks in part to growth in interest income and various non-cash revenue streams. The net profit stood at AED 24 billion, with operating profit growing by 13% to AED 34.3 billion. Loans and deposits enhance balance sheet expansion Emirates NBD […]
Expected: Capital One Lowers Emirates Skywards Transfer Ratio to 4:3
The Capital One frequent flyer program has announced a decrease in the transfer rate with one of its airline partners, which isn’t particularly surprising, considering other point systems have experienced similar trends. Transfer ratio from Capital One to Emirates worsens Capital One has about 20 partner airlines and hotel programs, mostly operating on a 1:1 […]
Emirates NBD to acquire a $3 billion majority share in India’s RBL Bank
Emirates NBD to Acquire Majority Stake in RBL Bank Emirates NBD is set to invest $3.05 billion to gain a controlling interest in RBL Bank, marking a significant step as it stands to be the biggest foreign direct investment in India’s financial sector. On Saturday, Emirates NBD announced that it will secure a 60% stake […]
Indian regulator is receptive to Emirates NBD buying a share in RBL Bank, sources report.
Mumbai Updates on Foreign Investment in Banking MUMBAI, Oct 14 – India’s central bank is considering the possibility of allowing Dubai’s Emirates NBD (ENBD.DU) to take up management rights for RBL Bank (RATB.NS). This move is part of a broader strategy aimed at attracting foreign investment while bolstering the country’s mid-sized banks, as informed sources […]
Emirates Airline Introducing Cryptocurrency Payments After Previously Mentioning Bitcoin Ideas
Emirates Teams Up with Crypto.com for Crypto Payments Emirates, the Dubai-based airline, has formed a partnership with Crypto.com to incorporate cryptocurrency payments into its system. The plan is to implement this integration by 2026. Interestingly, Emirates had mentioned back in 2022 that it was considering Bitcoin payments. They’ve signed a memorandum of understanding (MOU) with […]
Amex Membership Rewards Reduces Emirates Skywards Transfer Ratio
The AMEX Membership Rewards Program has announced a change in the transfer ratio for one of its partners, following a similar decision from Citi. Honestly, it’s a bit concerning, mainly because it sets a tricky precedent. Amex to Emirates transfers now at a 5:4 ratio The AMEX Membership Rewards Program includes about 20 airline and […]
Amex Points Transfers to Emirates Will Soon Suffer a Major Blow, Are Chase and Others Coming Up Next?
Changes in Emirates Amex Transfer Ratio Coming Soon Emirates has long been a key option for travelers looking to transfer American Express Membership Reward points, especially for booking Business Class or upgrading to First Class. But some significant changes are looming on the horizon. On Tuesday, American Express quietly revealed an update to its transfer […]
My Experience with Getting Approved for an Emirates Credit Card
I recently submitted my credit card application and thought I’d share my experience—it’s good news! Why did you get a premium Emirates credit card? I’ve always been a big fan of flying Emirates First Class, and they recently changed their policy for redeeming Skyward miles for first class trips. Now, you need to have Skywards […]
Boeing signs major agreement with Qatar for aircraft amidst controversy over Trump’s proposal to welcome the emirate’s jet.
DOHA, Qatar – On Wednesday, President Trump revealed that the government of Qatar plans to purchase the “largest jet in Boeing history.” During a signing event at Emir’s official residence in Doha, Trump expressed optimism about the deal, noting that the wealthy nation intends to invest over $200 billion in American businesses, with a significant […]
Sudan will sever relations with the United Arab Emirates due to suspected support for the RSF.
Sudan’s Security and Defense Council has announced its decision to sever diplomatic ties with the United Arab Emirates, accusing the Gulf state of supporting the paramilitary group known as Sudan’s Rapid Support Forces (RSF). During a speech broadcast on Tuesday, Sudan’s Defense Minister, Yasin Ibrahim, stated that the country is moving to “cut diplomatic relations” […]