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Abu Dhabi, UAESunday 23 September 2018

Business Extra podcast: ADCB merger would shake up banking sector

We also look at the latest changes in the oil industry and the collapsing Turkish economy in this week's episode.

An Emirati man exits after using an Abu Dhabi Commercial Bank ATM in Dubai on September 4, 2018. Abu Dhabi is engineering a second bank merger in its latest attempt to stay competitive in the era of lower oil prices. Bloomberg
An Emirati man exits after using an Abu Dhabi Commercial Bank ATM in Dubai on September 4, 2018. Abu Dhabi is engineering a second bank merger in its latest attempt to stay competitive in the era of lower oil prices. Bloomberg

A potential merger between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal would create one of the region's largest lenders. The news has already had positive effects on UNB's share prices, a sign that a merger would be a welcome change to the banking sector.

Host Mustafa Alrawi discuss the potential merger and more with Chris Nelson in this week's episode of the Business Extra podcast. Listen here:

Also in this episode:

  • Oil prices have rallied of late. Energy correspondent Jennifer Gnana tells us why, and gives us the latest news on the Saudi-Aramco IPO.
  • Turkey's currency crisis shows no signs of improving. Investors are already weary of the market. How else will this effect the region?
  • And we assess Dyson's plans to enter the electric-vehicle game.

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Read more:

Abu Dhabi's ADCB in merger talks with UNB and Al Hilal Bank

UAE's non-oil economy slows in August amid sluggish employment

Turkey's banks need $6bn refinancing as economic catastrophe looms

Vacuum-maker Dyson to build its own electric cars

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