VOL. XL

No. 41

13-October-1997

UAE

Emirates Bank Group Sets Up Offshore Merchant Bank In Bahamas

The Emirates Bank Group of Dubai announced on 6 October the establishment of theEmirates Merchant Bank Limited (EMBL), an offshore investment unit incorporated in theBahamas. The merchant bank's activities will focus on underwriting private placement ofdebt and equity, launching initial public offerings, providing treasury and advisoryservices, private banking, corporate finance and fund management,...