Meanwhile, non-Emiratis attempting to avail the free entry were turned away, UAE news outlet, The National reported. “I apologise to the fans for the result. We tried our best,” said UAE coach Alberto …
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Abu Dhabi Three-Way Merger to Form $114 Billion U.A.E. Lender
(Bloomberg) — Abu Dhabi Commercial Bank PJSC agreed to merge with Union National Bank PJSC and Al Hilal Bank to create the Gulf’s fifth-biggest lender with about $114 billion in assets. ADCB offered …
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ADCB, UNB, Al Hilal join to create powerful banking group
The UAE banking sector is set to have a powerful new banking group following the decision of Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) to merge and together to acquire Al Hilal Ba…
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Dubai plans bright future for solar
The United Arab Emirates city of Dubai wants to get a quarter of all its energy from solar power within the next 30 years. The BBC’s Mark Lobel reports from Dubai’s largest solar farm, where 2.3 milli…
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UAE keen on reviewing air services agreement with India: Envoy
The United Arab Emirates is keen on reviewing its air services agreement with India as occupancy on carriers of both sides has exceeded the figure stipulated in the pact, UAE envoy Ahmed Al Banna said …
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Dubai funding commitments demonstrate rise of corporate solar
Two Emirati developers are celebrating landmark deals with a commercial and industrial focus as Yellow Door Energy secures $65 million to expand operations into new markets and Adenium – one of Yellow …
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Three Abu Dhabi lenders agree to create $114 billion bank
DUBAI/ABU DHABI (Reuters) – Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates. The bank will beco…
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UAE banks ADCB and UNB agree on merger and takeover of Al Hilal
… and Union National Bank have agreed to a merger to create an entity that will take over Al Hilal Bank and become the third largest lender in the UAE. The merged entity will have an asset base of D…
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Abu Dhabi TV cameraman killed, reporter wounded in Yemen
DUBAI, United Arab Emirates – Authorities in Abu Dhabi say a bombing in Yemen has killed a cameraman for the Emirati capital’s state television channel and wounded one of its reporters. The state-run …
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Dubai Chamber membership passes 231,000
Last year the Chamber’s international offices held 1,552 meetings with companies and investors keen to explore business opportunities in Dubai – a growth of 91 per cent over 2017. Another …
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Dubai’s DIFC launches balloon trips for 15th anniversary
Dubai International Financial Centre (DIFC) has unveiled the DIFC Hot Air Balloon in celebration of its 15-year anniversary. The DIFC Hot Air Balloon will be operated by Balloon Adventures Emirates, p…
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Turkish Airlines to start direct flights to Sharjah amid UAE growth
Turkish Airlines will be the only airline to fly between its new home base, Istanbul Airport and Sharjah.” Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business st…
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Abu Dhabi Three-Way Merger to Form $114 Billion U.A.E. Bank
(Bloomberg) — Abu Dhabi Commercial Bank PJSC agreed to merge with Union National Bank PJSC and Al Hilal Bank, a potential combination that would create the Gulf’s fifth-biggest lender with …
( read original story …)
Three Abu Dhabi lenders agree to merge, creating a $114 billion bank
DUBAI (Reuters) – Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank said on Tuesday the banks have agreed on a three-way merger, creating the third-largest bank in the United Arab Emira…
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Abu Dhabi’s three-way bank merger to create $114bn giant
Abu Dhabi Commercial Bank has agreed to merge with Union National Bank and Al Hilal Bank, a potential combination that would create the Gulf’s fifth-biggest lender with about $114 billion in assets. A…
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Trio of Abu Dhabi banks to combine in UAE financial consolidation
or 13.7 per cent versus the price before news of the merger leaked last year. The combined ADCB/UNB entity would buy Al Hilal Bank for around 1bn UAE dirhams through issuing post-merger shares to Abu …
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Abu Dhabi Commercial Bank, UNB, Al Hilal Bank Agree to $114 Billion Merger
Abu Dhabi Commercial Bank, Union National Bank and privately-held Al Hilal Bank have agreed to a merger, Bloomberg News reports. The combination that will create the Gulf’s fifth-biggest lender with a…
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