Browse
related articles
National Bank of Abu Dhabi gains as lender joins forces with Boeing
- United Arab Emirates: Tuesday, October 02 - 2012 at 16:12
In contrast to the volatile Dubai bourse, the Abu Dhabi market index ADXGI advanced half a percentage point to reach 2,647.44. Sorouh Real Estate and Aldar Properties were the most liquid shares. Both developers added 0.80% and declared earlier in the day in a joint media statement that "Following recent press reports, Aldar Properties PJSC and Sorouh Real Estate PJSC would like to clarify that they remain in ongoing due diligence discussions to evaluate the merits of a potential merger. A decision on whether to recommend a merger to shareholders will follow the completion of these discussions which are at an advanced stage. In line with the required rules and regulations, the Companies will update the market on further developments as and when appropriate." Shares of National Bank of Abu Dhabi or NBAD closed 0.42% higher. Earlier in the day, NBAD said it signed with aircraft manufacturer Boeing, whose shares are listed in New York, an agreement to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market. "In Boeing's latest 20-year commercial aviation market outlook, the Middle East is projected to become one of the largest aviation markets in the world over the next two decades with the need for 2,370 commercial jet aircraft with a value of $470bn," the statement said.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistTuesday, October 02 - 2012 at 16:12 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
