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It will become the second largest retail lender in the UAE by assets, with 21 per cent share of retail loans. (File/photo)

January 29th, 2019 - 01:17 GMT

Three Major UAE Banks Merge Creates Dh420 Billion Bank

Abu Dhabi Commercial Bank, Union National Bank and privately-held Al Hilal Bank have on Tuesday announced a merger.

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

Trading and gains should be further bolstered in the bourses following the decision to transform the Abu Dhabi Investment Council (ADIA) into a public shareholding company under Mubadala. (Shutterstock)

June 4th, 2018 - 10:07 GMT

UAE Bourses Forecast to Rise in June