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 …
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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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UAE developer Lootah hands over Dubai residential project
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UAE accuses Qatar of banning its products, files WTO complaint
UAE state news agency WAM said on Tuesday. The UAE, Saudi Arabia, Bahrain, and Egypt have imposed a diplomatic, trade and transport boycott of Qatar since June 2017 over allegations Doha supports …
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Honor View 20 launches in the UAE, price revealed
In the UAE, the phone is available with 8GB RAM and … experience and provide quality products,” Sunbaigong told Gulf Business. The Honor View – the first from the company’s Honor series …
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UAE-Saudi digital currency will be restricted to few banks, central bank says
A proposed UAE-Saudi digital currency will be restricted to a few banks in each country towards executing financial settlements between the two, the Central Bank of the UAE said on Tuesday. The curren…
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Pakistan plans digital bank to lift remittances from UAE
A complete package of incentives will soon be introduced for overseas Pakistanis who’ll send remittances through banking channels, a senior Pakistani official said. Zulfikar Bukhari, special ssistant …
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