16/08/2017 07:05 AST

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.


Gulfnews

UNB partners with Aldar Properties for escrow account services

12/09/2017

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

CPI Financials

Union National Bank gets approval to become clearing member

12/09/2017

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

Gulfnews

UNB to hold board meeting to discuss Q2 results

06/07/2017

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.

Gulfnews

Ticker Price Volume
QNBK 123.50 779,629
SABIC 100.76 3,731,730
MMG 0.00 0
EMAAR 8.80 5,927,271
WALAA 26.91 110,729
CHEMANOL 7.10 1,550,059
SALAMA 20.68 450,290
UNB Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
FAB 10.35 -0.05 (-0.49%)
RJHI 67.59 -1.09 (-1.59%)
NCB 52.43 -0.89 (-1.67%)
NBK 779.00 -2.00 (-0.26%)
SAMBA 24.40 -0.08 (-0.33%)
Dana fight with BlackRock to start despite UAE court order

20/09/2017

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.

Gulf Times

Doha Insurance Group’s rating reaffirmed

20/09/2017

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.

The Peninsula

Aramco plans to buy non-Saudi crude in global trading expansion

20/09/2017

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

Gulfnews

10 Zain Bahrain employees win Umrah trips to Mecca at Eid reception

20/09/2017

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

Biz Bahrain

CBB Sukuk Al-Salam Securities Subscribed by 100%

20/09/2017

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

Biz Bahrain