Al Hilal Bank, which is wholly owned by the Abu Dhabi Investment Council, has named Etihad Airways as one of its first strategic airline partners.

The establishment of the relationship marks Al Hilal's entry into the Islamic banking sector as a major player, setting itself up for a significant contributing role in the UAE economy.

'We are pleased to announce our partnership with Etihad Airways,' said Al Hilal Bank chief executive officer Mohamed Jamil Berro.

'Having cemented our relationship with a company that is already known for its progressive and industry-changing practices, we feel it particularly appropriate that Etihad Airways is one of our first airline customers.

'These are exciting times for Etihad as the airline continues to grow and establish itself on the global stage,' said Etihad Airways chief executive officer James Hogan.

'It is, however, equally important for us to develop and nurture strong relationships in the local market, especially with partners which share our vision and objectives in Abu Dhabi.' - TradeArabia News Service