ABU DHABI / WAM The UAE stock exchanges gained AED7.5 billion in market cap on Tuesday following reports purporting initial negotiations on potential mergers between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. The shares of the ADX-listed ADCB and Union National Bank therefore closed high at AED8.00 and AED4.34 respectively, following robust demand by investment agencies ...

DUBAI / WAM The UAE ranks highest globally in halal tourism spending with an estimated $17.6 billion spent by UAE residents outside the country during 2017, new analysis from Dubai Chamber of Commerce and Industry has revealed. Saudi Arabia and Kuwait ranked second and third, respectively, according to the analysis which was based on recent data from Mastercard and the ...

DUBAI / WAM Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, announced the launch of eight new oil listings following completion of the regulatory review. Among the new products offered by DME is the Oman Crude Oil/Platts Dubai Crude Oil Futures contract (code DOP) which helps customers match their hedging exposure for ...