Dar Al-Hekma University crowned best law team in Middle East

The Dar Al-Hekma University Law Team consisted of students Dana Al-Aqeel, Ragad Al-Faraidy, Yara Al-Sayegh, Bashayer Binyamin, Rana Mudarris and Hadeel Tayeb.
Updated 01 March 2018

Dar Al-Hekma University crowned best law team in Middle East

The Dar Al-Hekma University Law Team for the fifth time has been crowned the best law team in the Middle East by winning the 8th Annual Middle East Vis International Commercial Arbitration Pre Moot’s “Regional Champion Award.”
This accolade cements the university’s position as the best law school in the Middle East once again, Dar Al-Hekma said.
Not only did the Dar Al-Hekma University Law Team win the overall competition, they won a further three out of five awards. The team won the “Best Claimant Memorandum” and “Best Respondent Memorandum” awards while student Bashayer Binyamin was awarded the “MENA Chambers Award.”
The Dar Al-Hekma University Law Team consisted of students Dana Al-Aqeel, Ragad Al-Faraidy, Yara Al-Sayegh, Bashayer Binyamin, Rana Mudarris and Hadeel Tayeb. They were coached by Duaa Amer and Wid Massoud supported by alumnae Jude Jamjoom and Dara Sahab. The Dar Al-Hekma University Law Team faculty adviser for the competition was Sairah Narmah Alqasim.
Suhair Al-Qurashi, president of Dar Al-Hekma University, said: “I am delighted that the hard work put in by faculty members and students of our law team has resulted in winning this important competition for the fifth year in a row. It’s amazing to see just how far we have come as a university and hopefully this will continue in the following years.”
“Dar Al-Hekma is proud to win this award for Saudi Arabia,” she added.
The Dar Al-Hekma University Law Team is an all-female team and the only team from the Kingdom. The team competed against 17 teams from 11 countries. The participating countries this year included the UAE, Qatar, Kuwait, Lebanon, Sri Lanka, Tunisia, Iraq, Afghanistan, Bahrain, Jordan and Iran. The competition was held at the Royal University for Women in Bahrain from Feb.19-23.
The Annual Middle East Vis International Arbitration Pre Moot is an International Commercial Arbitration competition organized and supported by among others, the UN (UNCITRAL), CLDP (Commercial Law Development Program) part of the US Department of Commerce, USAID (US Agency for International Development), the US Department of State, MENA Chambers, CILE (Center of International Legal Education, University of Pittsburg), BCDR-AAA(Bahrain Chamber of Commerce) and Wolters Kluwer.

Emirates NBD opens branch in Alkhobar

Updated 20 September 2018

Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.