mandated Australia and New Zealand Banking Group, Commerz Bank, First Abu Dhabi Bank, HSBC Middle East, Mizuho International and Standard Chartered Bank for the bond issue under its Euro medium term note program which is listed on Luxembourg Stock Exchange.
Speaking to Construction Week about contemporary construction market conditions in the Gulf, the UNB
spokesperson said: "There is also a knock-on effect, in that contractors typically rely on bank financing, which tends to be curtailed in circumstances of tighter liquidity.
This solution would help UNB
to increase customer acquisition, easier on-boarding and cater to all customer segments.
As a waterfront, mid-market apartment development, we are pleased with the strong demand for Water's Edge, and are confident that the escrow accounts with UNB
will further support this," stated Al Dhiyebi.
Mohammad Ali commented: "Receiving the acclaimed Bizz award is indeed an honour, and it will serve as a motivation for UNB
to not just maintain the outstanding standards set by the bank, but to raise the bar further and achieve greater excellence locally, regionally and globally.
Celebrating the listing, Mohammed Ali, Vice Chairman of Orient UNB
Takaful rang the DFM market-opening bell in in the presence of Hassan Al Serkal, Chief Operating Officer (COO) and Head of Operations Division of DFM as well as senior representatives from both sides.
20% cash dividend okayed Earlier, the UNB
annual general meeting was held under the chairmanship of Shaikh Nahyan bin Mubarak Al Nahyan.
As part of its expansion plan, UNB
recently opened nine new branches in Sohag, Banha, Damanhour, Shebin El-Koum, Minya, Zamalek, Heliopolis, Maadi, and Mohandeseen.
As of September 2013, UNB
reported total assets of around AED 86 billion
This partnership will serve as an important vehicle for business growth by giving UNB
the opportunity to be the first in implementing and exploring the business benefits of Windows 8, and I am very pleased that UNB
is a partner in this landmark agreement with Microsoft," said Zuhair Sulaiman, Senior Vice-President and CIO, UNB
attributed a decrease in the non- interest income to the implementation of Central Bank regulations governing the lending to individuals and the related fees and commission income that the banks can charge.
, which is 50-percent owned by the Abu Dhabi government, said general provisioning for 2011 had risen 65.