ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) has merged with Union National Bank (UNB) and the combined entity has acquired Al Hilal Bank, legally completing a landmark transaction in the UAE, forming the ADCB Group with effect from on Wednesday. The ADCB Group, serving more than one million customers, has AED423 billion in assets, is the third-largest financial …

Dubai / Emirates Business Amazon and Souq announced the launch of Amazon.ae, a new local shopping experience for customers in the UAE. Amazon.ae features over 30 million products from local and international businesses, including products previously available on Souq and five million products from Amazon US. Customers shopping on Amazon.ae will enjoy the same commitment to great prices as on …

Bloomberg The White House is ramping up pressure to reach a trade deal with China in the next two weeks, warning that the US is prepared to walk away from the negotiations. “It won’t go on forever,” Mick Mulvaney, President Donald Trump’s acting chief of staff, said at an event in Los Angeles. “At some point in any negotiation you …