Nov. 10–MAN GROUP FUNDS POPULAR: Man Group has reported a growth in funds under management from USD22.1 billion to USD31.5 billion in the year to end of September. CEO Stanley Fink said the highlevel of private investor sales achieved in the first half continued into the second half. The leading hedge fund manager is very confident about the outlook for the year.
EFS, DB, ISLAMIC FUNDS TIE-UP: Emirates Financial Services has entered into an agreement to market Deutsche Bank’s Islamic Equity Builder Certificates which are certified by the National Commercial Bank of Saudi Arabia. Certificates are available for European, Asian, US and global equities, all of them part of the Dow Jones Islamic Market Indices.
DUBAI BANK, 20,000 VISA CARDS: Dubai Bank has become the fastest issuer of Visa credit cards in the UAE, issuing 20,000 cards in its first 10 months. Its customer rewards programme is the most generous in the country. CEO Ahmed bin Brek said the bank would expand from two to six branches by the end of 2004.
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(c) 2003, AME Info, Abu Dhabi, United Arab Emirates. Distributed by Knight Ridder/Tribune Business News.
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