Breaking News for the banking sector from the United Arab Emirates where a couple of big banks approve to get merge with their $175 billion of assets. The National Bank of Abu Dhabi and First Gulf Bank had create a regional powerhouse in the Markets.

With merging of two banks they had increased their stock market values with 4 and 2 percent respectively. National Bank of Abu Dhabi jumped 4% to AED 10.05 while First Gulf Bank gained 2% to AED 12.85. They were the market's two most heavily traded stocks.

W'll hope the merging of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) will result to a great profit in the Banking Sector of Emirates of Abu Dhabi.