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National Bank of Abu Dhabi latest

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.

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

Dubai index on Wednesday witnessed sharpest daily fall in 2017. (AFP/ File)

November 8th, 2017 - 07:00 GMT

Dubai Index Posts Sharpest Daily Fall in 2017

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

The Central Bank of Oman in Muscat. (File photo)

April 5th, 2017 - 09:51 GMT

Central Bank of Oman backs local money market with $154M treasury bills

National Bank of Abu Dhabi (NBAD) is spearheading the potential to unlock and promote green finance across the Middle East region. (File photo)

April 3rd, 2017 - 08:50 GMT

National Bank of Abu Dhabi lists region's first-ever green bond on London Stock Exchange

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 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

A potential combination of NBAD-FGB is expected to create the second largest bank in the Middle East after Qatar National Bank. (File photo)

June 20th, 2016 - 05:00 GMT

UAE: Proposed NBAD-FGB merger would create regional banking giant

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