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Monday, November 30 - 2009

70 Delegates attend NBAD's 1st Global Financial Markets Workshop

  • United Arab Emirates: Thursday, October 08 - 2009 at 12:28
  • PRESS RELEASE

Seventy Finance professionals representing top companies, quasi sovereign, sovereign wealth funds entities, and central banks from Abu Dhabi and the MENA region have attended the 1st Global Financial Markets Workshop organized by National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, between 4 and 6 October, 2009 at Emirates Palace, Abu Dhabi.

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  • NBAD's 1st Global Financial Markets Workshop.
    NBAD's 1st Global Financial Markets Workshop.
NBAD's Global Financial Markets Workshop series was launched as part of the bank initiatives to encourage professional learning and information sharing.

The first workshop programs covered various areas in financial markets to address issues and challenges facing corporates especially in volatile environment and the new financial order as well as providing practical solutions and strategies. The workshop topics included; the structure of Capital Markets, Money Markets, Fixed Income and Repo, introduction to Derivatives Instruments (linear and non-linear) and Markets: advanced Interest and Foreign Exchange Derivatives, Derivatives Legal Documentation, International Market Practice and Portfolio Management.

Delegates have applauded efforts exerted by organizers to build technical understanding and capability of participants to deal with challenges of the new financial order.

"The workshop was one of a kind globally as the organizers from the Financial Markets Division (FMD) at NBAD were able to create a realistic financial markets environment by building two dealing rooms at Emirates Palace to cater to 70 delegates,"


said Sameh Al Qubaisi, Head of Institutional and Corporate Coverage at NBAD.

"The workshop was hosted by NBAD's financial markets practitioners and top financial markets service providers (Bloomberg and Thomson Reuters). Jointly, with one of the renowned financial training and consultancy agencies, the project team has created two different curriculums designed to suit the needs of the various institutions through the usage of exercises and case studies aiming to provide the delegates with up-to-date products and insight on market trends and most importantly, the tools to help them apply these principles in a real world context and evaluate their utility in financial management," Al Qubaisi added.

"We were delighted to participate in this ground breaking initiative from NBAD. The Global Financial Workshop successfully addressed new market trends, raised overall product awareness and with Bloomberg's unique solutions, transparency to the marketplace," said Max Linnington, Regional Head, Bloomberg MENASA.

"Thomson Reuters was very pleased to be involved with such an important initiative with NBAD, one of our biggest customers in the UAE. The delegates benefited from first learning the theory and then practicing to use Thomson Reuters products such as 3000 Xtra and the models and calculators used to price Fixed Income, Money Market and Derivative instruments," said Basil Moftah, Managing Director of Thomson Reuters Middle East and Africa.
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Notes and media contacts

About NBAD
The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, was incorporated in 1968. NBAD has a network of 90 branches in the UAE in addition to Cash offices that are spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organizations.

NBAD also has three Shift offices inside the security areas of the Abu Dhabi International Airport providing currency & traveler's cheques exchange services.
The branch network is widened further with over 300 ATMs through which customers perform a variety of transactions.

Besides brick & mortar branches, NBAD provides 24 hour internet banking accessibility through NbadOnline and NbadDirect, as well as account access and personalized customer support through the 24-hour Call Centre.
NBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C., Egypt, Libya, and Sudan in Africa, London, Paris, and Geneva in Europe to Washington D.C. in the U.S.A.

The bank provides its customer with a wide variety of financial services targeted at all segments of the retail and corporate market in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking.

NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving one of the strongest combined rating of any Middle Eastern financial institution.

NBAD is an award winning leader in the UAE and GCC financial services industry. NBAD was recently awarded the prestigious the 'Best Bank in UAE 2009' from Euromoney, 'UAE Corporate Governance Award' by Hawkamah, Institute of Corporate Governance, the Human Resources Development Award in Banking Sector from Emirates Institute of Banking & Finance Sector, the Mohammed Bin Rashid Al Maktoum Business Award, 'Best Bank in UAE' from emeafinance, and Best Personal Loan in product category by The Banker Middle East publications.

In previous years, NBAD has also won other prestigious awards such as the Sheikh Khalifa Gold Award, the Dubai Quality Award, the Middle East Excellence Award 2008, ACN Arab Technology Award for the Banking & Finance, CIO Award of The Year, the 'Best Bank in UAE' from Euromoney and Banker publications, 'Human Resources Development Award' from the Emirates Institute for Banking & Financial Studies, the 'Middle East e-Banking Country Award', the 'Outstanding use of IT in Financial Services Award, and excellence award for 'Best use of Technology' from Banker Middle East.

The bank has been recognized as a "Super Brand" by Superbrands, the independent authority and arbiter on branding.

For further enquires, please contact:
Ehab Khairi Hassan
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190

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