Union National Bank (UNB), 50 per cent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai, becoming the first bank from the United Arab Emirates to operate a branch in mainland China, the bank said on Tuesday.
The Shanghai presence will provide corporate banking services to UAE companies and trade finance to Sino-Middle East counterparties.
UNB said it was also seeking to cash in on opportunities arising out of China’s “One Belt One Road” initiative, which aims to build a new Silk Road linking Asia, Africa and Europe by investing billions of dollars in infrastructure including railways, ports and power grids. UNB opened a representative office in China in 2008, the first bank from the UAE to do so.
Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has signed an agreement with Union National Bank to provide ESCROW account service
Union National Bank said on Monday it has received regulatory approval from the Securities and Commodities Authority to act as a general clearing member.
The bank notified the Abu Dhabi Secu
United Arab Bank and Union National Bank (UNB) both said on Wednesday they would hold board meetings next week to discuss their respective financial results for the second quarter of 2017.
A London lawsuit over $700mn in Shariah-compliant bonds issued by Dana Gas will go ahead despite a last-minute UAE court order that attempted to stop the company from taking part in the trial.
Doha Insurance Group (DIG) Chairman SH. Nawaf Nasser bin Khaled Al Thani (pictured) has stated that “A.M.Best” Rating Agency has reaffirmed the current rating of DIG atA- with a stable outlook.
Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. The state-owned
Ten Zain Bahrain employees won Umrah pilgrimage packages to Mecca through a raffle draw held at the operator’s annual Eid Al Adha reception at Zain Tower. In line with Zain Bahrain’s commitment to cr
The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 100%.
Subscriptions worth BD 43 million