Dubai / Reuters Bank of Sharjah and Invest Bank are in merger talks that could create an institution with about AED50.6 billion ($13.8 billion) of assets, sources familiar with the matter told Reuters. In the latest latest sign of consolidation in the United Arab Emirates’ crowded banking industry, the two lenders have held on-and-off discussions over a potential merger since ...

GREAT YARMOUTH / WAM Masdar, the Abu Dhabi Future Energy Company, on Wednesday, inaugurated its third wind farm in the United Kingdom, bringing the combined power-generating capacity of all three projects to 1 GW enough clean energy to supply nearly 1 million homes. Together with its partners, Statoil and Statkraft of Norway, Masdar staged the official “switch on” of the ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a seminar for the students of the United Arab Emirates University (UAEU) to discuss the Fund’s development work, operational activities, and achievements spanning 84 beneficiary countries. The panellists shared insights on how ADFD has driven and supported UAE’s mission of socio-economic ...