Emirates NBD, a prominent banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has announced a groundbreaking initiative aimed at invigorating investment in the UAE equity markets. This initiative allows customers to engage in equity trading without incurring transaction fees, a move designed to stimulate the growth of domestic stocks and ultimately drive economic progress in the region.
This new initiative aligns with the UAE’s ambitious ‘We the UAE 2031’ vision, which seeks to strengthen the nation’s role as a global economic partner and enhance its status as an attractive business hub. By removing transaction fees, Emirates NBD demonstrates its steadfast commitment to supporting the UAE’s economic objectives and enhancing the overall investment landscape.
Emirates NBD is collaborating closely with the UAE government, regulatory bodies, and the private sector to elevate the country’s reputation as a premier global investment destination. Through the ENBD X platform, customers can effortlessly explore and trade local equities without any associated costs, gaining access to over 150 regional stocks.
Marwan Hadi, Group Head of Retail Banking & Wealth Management at Emirates NBD, stated, “Emirates NBD continues to finance the real economy of the UAE and contribute to the long-term economic growth and development of the region. As a leading national bank, we strive to introduce beneficial initiatives that enhance the financial well-being of our customers. Our new initiative not only provides investors with access to local equity markets but also enables them to explore and invest in domestic stocks at no cost, creating opportunities for portfolio diversification. Investing in local stocks directly supports the success of domestic businesses, thereby fostering our national economy and aligning with our bank’s commitments.”
Emirates NBD’s digital wealth platform empowers customers to trade securities on both global and local exchanges, offering a vast selection of over 11,000 global equities and 150 regional stocks. Since the launch of the mobile banking app ENBD X last year, the bank has continually improved its wealth management offerings. A significant achievement was the introduction of fractional bonds earlier this year, expanding investment options for customers. Additionally, the platform features a Secure Sign facility, allowing high-volume traders to efficiently update and sign investment documents, ensuring seamless trade execution regardless of complexity or value.
Through these initiatives, Emirates NBD reaffirms its dedication to enhancing the investment environment in the UAE, fostering economic growth, and providing innovative solutions that meet the evolving needs of its customers.
