DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB), the emirate’s second-largest bank by assets, raised $540 million through the sale of a Formosa bond, sources told Reuters on Tuesday. ADCB has been among the most active Gulf banks in the Formosa market in the past year or so. Formosa bonds are sold in Taiwan by foreign issuers and denominated in ...

DUBAI / Emirates Business Emirates NBD, a leading bank in the Middle East and a front-runner in digital banking solutions, and Dynamics Inc. at the 2018 Consumer Electronics Show (“CES”) announced plans to introduce the first battery-powered, interactive payment cards to the United Arab Emirates in 2018. Wallet Card is the world’s first connected, secure payment card. In recognition of ...

Abu Dhabi / WAM Etihad Aviation Group (EAG) on Tuesday confirmed the appointment of Mark Powers as its new Group Chief Financial Officer (CFO), who will join the Group in January 2018. Powers will be responsible for the finance function across the Abu Dhabi-based group’s five divisions, which comprise UAE national airline Etihad Airways, Etihad Airways Engineering, Etihad Airport Services, ...