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The proposed merger, pending approvals by the banks' boards of directors, shareholders and regulators, would be credit positive for UAE banks. (Shutterstock)

September 11th, 2018 - 07:32 GMT

UAE Banks' Three-Way Merger a Boon for Banking System

ADCB also announced that separate potential merger discussions have commenced with Al Hilal Bank PJSC (AHB) shareholders.

From the first day it was launched on September 9, 2009, until the end of August 2017 - nearly eight years - the driverless carriage had carried 1.03 billion passengers. (Khaleej Times)

September 6th, 2018 - 08:31 GMT

The History of The Dubai Metro

The UAE has 46 commercial banks for 9.5mn people, while Saudi Arabia has 12 local lenders and 14 foreign-bank branches for 33.6mn people, according to central bank data and information from Worldometers. (Shutterstock)

August 2nd, 2018 - 11:34 GMT

The Reasons Behind GCC Banks Mergers

The merger between the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) last year is reported to have resulted in numerous jobs cuts. (Photo: NBAD)

March 4th, 2018 - 10:16 GMT

Abu Dhabi Banks Slash 1,300 Jobs in Cost-Cutting Drive

May 1st, 2017 - 01:53 GMT

First Abu Dhabi Bank to 'grow stronger' with new brand, logo and slogan

What do banks do with $476.5 billion? (File photo)

April 23rd, 2017 - 04:57 GMT

Are they too rich or am I too poor? Total assets of top UAE banks hit $476.5B

According to sources, the newly-merged bank is interviewing people for various roles in order to eliminate duplication. Those who do not qualify will be asked to leave. (Shutterstock)

April 16th, 2017 - 02:09 GMT

First Abu Dhabi Bank confirms job cuts: Reuters

Governments in the Middle East are committed to energy reforms and have implemented energy reducing tactics. (Shutterstock)

March 16th, 2017 - 12:00 GMT

MENA's renewable energy M&As on the rise: EY

The new merger, if agreed, would create an entity with total assets amounting to around QAR173bn ($48bn) and a market share of around 14 percent. (File photo)

February 21st, 2017 - 07:30 GMT

Proposed merger of Qatari bank trio would create country's second largest lender

When it comes to the question of cyber-security, organisations in the region have shown a rather cavalier attitude, dominated by a ‘why me?’ mind-set. (Shutterstock)

February 12th, 2017 - 12:32 GMT

MENA M&As are prime targets for cyberattacks: FireEye

The ownership structure of GCC banks where well established local private shareholders often control sizeable stakes, and foreign banks only hold minority stakes, is also a stumbling block to successful merger activity. (File photo)

October 30th, 2016 - 08:00 GMT

GCC banks resisting mergers despite pressures: Fitch

The merger between First Gulf Bank and National Bank of Abu Dhabi is a trend that is likely to continue as banks look at improving efficiency. (File photo)

September 21st, 2016 - 11:00 GMT

GCC banking sector faces declined growth in 2016: S&P

The merger is part of Abu Dhabi economic reforms which commenced in 2001. (Erem News)

June 30th, 2016 - 10:00 GMT

Abu Dhabi's Mubadala, IPIC investment funds to merge