Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) have agreed to merge and together to acquire Al Hilal Bank.
Italy’s Eni and Austria’s OMV have agreed to pay USD 5.8 billion to take a stake in Adnoc Refining, Abu Dhabi National Oil Company’s refining unit.
Abu Dhabi Islamic Bank (ADIB) has hired former Crédit Agricole and Citi executive Mazin Manna as CEO, pending regulatory approval.
Abu Dhabi’s Supreme Petroleum Council (Abu Dhabi SPC) approved ADNOC’s new integrated gas strategy and plans to increase its oil production capacity.
Oil services provider Baker Hughes will pay $550 million for a five per cent stake in ADNOC Drilling, Abu National Oil Company’s drilling subsidiary.
Abu Dhabi Health Services Company (SEHA) announced the appointment of Dr. Gareth Goodier as the new Group Chief Executive Officer.
Al Hilal Bank has appointed David Whitcroft as Senior Managing Director – Treasury Banking Group, Farooq Abdulrahman Al Marzooqi as Senior Managing Director, Head Wholesale Banking Division and Ian Hodges as its new Senior Managing Director – Personal Banking Division.
Abu Dhabi Airports Company has appointed Dubai Airports executive Bryan Thompson as Chief Executive Officer.
Sky News Arabia announced that media industry and journalism leader Angelos Frangopoulos has been appointed as CEO and Managing Editor.