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 ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday — as part of Abu Dhabi’s block licensing strategy and on behalf of the Supreme Petroleum Council (SPC) — the details of the second round of five new geographical oil and gas blocks open for bidding for both conventional and unconventional resources. The successful bidders will ...

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 ...