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- Aramco CEO among business leaders urged by China's Xi to protect trade as Trump tariffs loom
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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
09/03/2018
Union National Bank (UNB) said it has closed a 5 year bond issue for $500 million (Dh1.8 billion) with a coupon of 4 per cent and at issue price of 99.6 per cent.
UNB mandated Australia and
Gulf News
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
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
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29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
28/03/2025
Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capita
The Peninsula
28/03/2025
Sabic, a global leader in diversified chemicals, today (Martch 27) reaffirmed its advocacy for sustainable growth through innovation and collaboration at the Boao Forum for Asia (BFA)'s Annual Confer
Trade Arabia
28/03/2025
AD Ports, a leading facilitator of global trade, logistics, and industry, has announced the signing of a 50- year agreement with Oylz Terminals, a UAE based oil supply and distribution provider to de
Trade Arabia
28/03/2025
Modon Holding, an Abu Dhabi-based holding company, and Elsewedy Industrial Development, one of Egypt's leading integrated industrial and logistics cities developers, have signed a letter of intent (L
Trade Arabia
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