Corporate Action

ADCB and Schroder & Co signs private banking agreement

ADCBAbu Dhabi Commercial Bank ADCB. AD and Schroder & Co Bank AG have announced to strike a partnership deal which is aimed to woo wealthy clients of UAE for offering them banking and wealth management services.

The recent partnership will not only help Schroder & Co Bank AG to expand its business outside Switzerland but also offer a handsome opportunities to tap growing opportunities in the oil rich Emirates.

UAE-based Etisalat strengthens its holding in Atlantic Telecom

Etisalat-LogoUAE's biggest phone company- Emirates Telecommunications Corp has announced to acquire 18 per cent stakes in Ivory Coast-based Atlantic Telecom for $75m. The latest move has led to the full control over the telecom firm by United Arab Emirates.

Deal signed by Fossil with Qatar Airways

Qatar-Airways-FossilA deal was signed last week between Fossil watches and Qatar Airways, under which, the former will partner the latter.

An agreement was recently forwarded by Fossil with Qatar Airways, under which, it will have to carry one of the group's watches onboard from the latest issue of Qatar Airways' Shopping Extravaganza catalogue.

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