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Grupo BTG Pactual SA plans to exit a $1.3 billion venture with the Abu Dhabi government's investment arm as the Brazilian investment bank nears the sale of a 50% stake in a reinsurance firm that the venture controls, three people with knowledge of the matter said.Reuters News - 07-Nov-2016
Abu Dhabi - Abu Dhabi Commercial Bank (ADCB) received three prestigious awards from Asian Banking and Finance, a highly respected financial publication based in Singapore. ADCB Commercial Banking has been awarded the "SME Bank of The Year" & "UAE Domestic Technology & Operations Bank of the Year" awards for the distinctive proposition it offers commercial clients in the form of bankingPress Release - 02-Aug-2016
Abu Dhabi, 18 July 2016Abu Dhabi Commercial Bank PJSC ("ADCB" or the "Bank") today reported its half year financial results for the period ended 30 June 2016 ("H1'16").Key highlights (30 June 2016)Operating performanceHalf year comparison (H1'16 vs. H1'15): Resilient performance despite challenging market conditions- Net profit of AED 2.147 bn was 15% lower, primarily on account of higherPress Release - 18-Jul-2016
Changes in the global political climate have resulted in increasing uncertainty in trading markets and economies around the world. For investors, this could be either a great time to invest in assets or a better time to protect their net worth.
The UAE is embracing technology innovation with a vengeance and has seen digital payment systems become a key area of focus.