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- Tourism to match oil as biggest contributor to Saudi Arabia's economy by 2030, minister says
- Bechtel wins deal to develop 3 new terminals at Riyadh airport
- NBB reports highest quarterly profit of $74.5m
- Air Arabia reports strong Q1 with $96.6m net profit, up 34%
- Al-Ahli Bank of Kuwait Group holds Q1 2025 analyst conference call
- Boursa Kuwait, KCC promote Kuwaiti capital market to London's leading asset managers
- New partnership between Oman Flour Mills & Elevatus brings AI-powered hiring to the food industry
- Doha emerges as global epicenter for fintech, insurtech innovation as MENA summits conclude
- QSE index closes 0.22 percent lower
- Mazoon Mining inks contracts for Yanqul Copper Project
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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14/05/2025
National Bank of Bahrain (NBB) has reported a 2% year-on-year increase in net profit attributable to shareholders reaching BD28.1 million ($74.5 million) for the first quarter ended 31 March 2025, co
Trade Arabia
14/05/2025
Air Arabia, the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, has reported a strong first quarter of 2025 financial and operational results, as the airline co
Trade Arabia
14/05/2025
Al-Ahli Bank of Kuwait (ABK) recently hosted its Q1 2025 analyst conference attended by Abdulla Al-Sumait, Acting Group Chief Executive Officer; Shiamak Soonawalla, Group Chief Finance Officer; Abdul
Kuwait Times
14/05/2025
Oman Flour Mills (OFM), one of the leading national companies in the food manufacturing sector, has announced a strategic partnership with Elevatus, the award-winning provider of AI-powered recruitme
Times of Oman
14/05/2025
Saudi Aramco will sign on Tuesday memoranda of understanding with US liquefied natural gas producer NextDecade and utility firm Sempra , Aramco's chief executive said, as the oil giant expands in the
Arab News
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