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UAE bourse gains $2bn on bank merger reportsThe UAE stock exchanges gained Dh7.5 billion ($2.04 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. More… |
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UNB posts net profit of $451m for 2017Union National Bank (UNB), a leading bank in the UAE, has recorded a net profit of Dh1,657 million ($451 million) for the year 2017, up by five per cent compared to the previous year, a media report said. The net profit for the fo More… |
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Al Ahli unit launches women for business initiativeAl Ahli Holding Group (AAHG), a multi-diversified international conglomerate, unveiled the first edition of Women for Business, a multicultural CSR program designed by the company in partnership with Union National Bank and La Rochelle Educati More… |
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Aldar, UNB ink escrow services agreementAldar Properties, a leading listed property development company in Abu Dhabi, UAE, has signed an agreement with Union National Bank (UNB) to provide escrow account services for the buyers of its waterfront project Water’s Edge. More… |
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Union National Q1 net profit drops 27pcUnion National Bank (UNB), 50 per cent owned by the Abu Dhabi government, posted a 27 per cent drop in first quarter net profit on Thursday. The fifth largest lender in the emirate by assets reported a net profit attributable to e More… |
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Union National to raise $500m in 3-year loanUnion National Bank, 50 per cent owned by the Abu Dhabi government, has picked five banks to raise a $500 million three-year syndicated loan, it said in a statement on Thursday. The fifth-largest lender on the Abu Dhabi exchange b More… |
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UNB Q4 net profit up 42pc to $118mUnion National Bank, 50 per cent owned by the Abu Dhabi government, posted a 42 per cent rise in fourth-quarter net profit on Tuesday. The fifth-largest lender in the emirate by assets reported a net profit of Dh436 million ($118. More… |
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UNB Islamic unit joins DMCC platformAl Wifaq Finance Company, the Islamic unit of UAE-based Union National Bank, said it has joined the Dubai Multi Commodities Centre (DMCC) Tradeflow platform. With this move, Al Wifaq aims to conduct new innovative commodity Muraba More… |
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Union National Bank Q1 profit up 3.5pcAbu Dhabi's Union National Bank (UNB) posted a 3.5 percent rise in first-quarter net profit on Monday, beating the estimates of analysts who had expected its earnings to shrink. The bank made a profit of 512.1 million dirhams More… |
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Al Yousuf, UNB launch new green loanAl Yousuf GreenTech (AGT), a leading provider of energy-saving electrical solutions, has partnered with the UAE-based Union National Bank (UNB) to launch the first-of-its-kind 'Green Loan' service in the region. A subsidia More… |
