ABU DHABI, United Arab Emirates — The Abu Dhabi Fund for Development (ADFD) today formalized a Memorandum of Understanding (MoU) with the Government of the Comoros, which stipulates that the …
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Sharjah Int’l sets new passenger record amid expansion plans
Sharjah International Airport saw a record number of passengers in 2018 as it embarks on a major expansion project to increase capacity to 20 million passengers by 2025. The airport was used by 12.04 …
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Revealed: the future of healthcare in Dubai
Dubai Healthcare City has announced the first regulated telehealth platform in the free zone, launching the new service with a live consultation between a patient and doctor. The demonstration at Arab …
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Dubai said to launch new Downtown Jumeira mega project
Dubai Holding, the investment firm owned by the emirate’s ruler, is set to announce a development close to its iconic Burj al Arab hotel, according to a person with knowledge of the plans. Downtown Ju…
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Diverse, international flock awaits Pope Francis’ UAE trip
DUBAI, United Arab Emirates – At St. Mary’s Catholic Church in Dubai, an effort to transcribe the Bible in the native tongue of its flock saw the holy book presented in 52 languages — a sign of the co…
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UAE ‘used spying tool’ to target Qatar’s emir, other rivals
A UAE Ministry of Foreign Affairs spokeswoman and Apple Inc declined to comment for the story. The Gulf crisis, an ongoing diplomatic dispute that has roiled the GCC, was set in motion by the hacking …
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Exclusive: UAE used cyber super-weapon to spy on iPhones of foes
WASHINGTON (Reuters) – A team of former U.S. government intelligence operatives working for the United Arab Emirates hacked into the iPhones of activists, diplomats and rival foreign leaders with …
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Qatar thrash UAE to reach Asian Cup football final
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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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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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 …
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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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UAE files WTO complaint over Qatar goods ban
State news agency WAM reported that Qatar has also removed the names of UAE companies from the list of approved vendors for infrastructure projects and has maintained an undeclared ban on products com…
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