VOL. XLI

No. 09

2-March-1998

UAE

National Bank Of Dubai Looks For Merger

The Managing Director of the National Bank of Dubai, Mr.'AbdAllah Salih, said on 24 February that the bank was looking to merge with anotherinstitution and that it had put proposals to two or three banks. Speaking at the openingof its new headquarters, Mr. Salih did not name the banks to which offers had been made,nor would National Bank of Dubai comment afterwards on the proposed transaction. The bank,which is 96% owned...