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The UAE's economy is the largest consumer market in the Middle East and is one of the largest Arab economies, second to Saudi Arabia. Its natural resources made it one of the world’s richest high (high-average income) countries. The economy is supported by the oil and gas reserves that are among the largest worldwide. [7]
HSBC Bank Middle East Limited: Dubai London, UK: LSE: HSBA NYSE: HSBC: Arab African International Bank: البنك العربي الافريقي الدولي Dubai
The bank was founded in 2012. [1] [2] [3] MEB is owned by small private shareholders. They focus on the humanitarian trade with Iran. [4] [5] On 8 October 2020 OFAC (U.S. Department of the Treasury) changed its sanctions listing. Middle East Bank is - along with all other Iranian banks - SDN-listed and “Subject to Secondary Sanctions”.
HSBC Bank Egypt was established in 1982 as Hongkong Egyptian Bank with 40% HSBC ownership. In January 1994, the bank was renamed Egyptian British Bank under the same shareholding structure. The bank took the name HSBC Bank Egypt in April 2001 following an increase in shareholding by the HSBC Group's from 40% to 94.5% of its issued share capital.
Habib Bank Limited; HSBC Bank Middle East Limited; ICICI Bank Limited; MashreqBank psc; National Bank of Abu Dhabi (Bahrain Branch) National Bank of Bahrain BSC; National Bank of Kuwait S.A.K. Rafidain Bank; Standard Chartered Bank; State Bank of India; The Housing Bank for Trade and Finance - Jordan United Bank Limited
Dubai World is a global holding company centered on strategic growth in areas such as transport and logistics; urban development; dry-dock and maritime; and investment and financial services. Dubai World therefore is the parent company of several subsidiaries that include: Dubai Drydocks is the Middle East's largest shipyard facility [1].
The bank has clients trading in and out of developing markets in the Middle East and Africa. BACB has a head office in London, and three representative offices in Algiers in Algeria, Tripoli in Libya and Abidjan in the Cote D'Ivoire. The bank has 17 sister banks across Europe, Asia and Africa.
On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [ 3 ] [ 4 ] [ 5 ] As of 31 December 2020, total assets were DH 698 billion , deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE , with a brand value of US$ 3.89 billion. [ 6 ]