Daily Business Wrap - UNB and Al Hilal Bank will now both become ADCB in $114 billion merger
UNB and Al Hilal Bank will now both become ADCB in $114 billion merger
In the latest merger to hit the UAE's banking sector, Abu Dhabi Commercial Bank (ADCB) has joined forces with Union National Bank, and acquired Al Hilal Bank, to create the region's fifth largest lender, with assets of $114 billion. Elsewhere, it's going to be a big day for Apple, as its financial results are expected later today.