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ABU DHABI NEWS

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Abu Dhabi Fund signs loan agreement to finance road project in Tajikistan
Abu Dhabi Fund for Development signed a loan agreement with Republic of Tajikistan that worth AED 55 million.

KLUDI RAK’s Water-Saving System For Faucets To Complement Abu Dhabi’s Ambitious Water Conservation Drive
Dr. Khater Massaad, CEO RAK Ceramics said, "It is KLUDI RAK’s lifetime commitment to develop, design and manufacture environmentally friendly products that combine technical perfection and high functionality.

Abu Dhabi Municipality urges adherence to the afternoon work ban rules
Abu Dhabi Municipality has urged all the consultants and contractors to abide by the decision of the Ministry of Labour to implement the afternoon work ban decision.

Concierges Experience Saadiyat Beach Golf Club Hospitality
John Gunn - Director of Food & Beverage, Saadiyat Beach Golf Club - explained that concierge staff in hotels are often the unsung heroes that can ensure visitors gain the maximum benefit from their visit to Abu Dhabi.

EC approves bus only lanes project in Abu Dhabi
The Executive Committee approved today a series of projects submitted by the Department of Transport in Abu Dhabi (DoT) for establishing bus only lanes for mass transport on the Zayed 1st and Hamdan Streets.

UAE to participate in the 31st Ministerial Meeting of OPEC Fund for International Development
Younis Haji Al Khoori, Director General of the Ministry of Finance, will lead the UAE delegation to the 31st ministerial meeting of the OPEC Fund for International Development (OFID), to be held in the Venezuelan capital, Caracas, on June 17, 2010.

Abu Dhabi’s monthly CPI report shows Abu Dhabi inflation rate at 3.02% last May
The next highest contributor to the overall year-over-year increase in the CPI over the period January-May 2010 was the ’Food and non-alcoholic beverages group’, which accounted for 26.8% of the rise in the index.

UAE Residents To Sign Giant Manchester City FC Shirt
The giant shirt already has 280 signatures on it following its first outing to the Emirates National School in Abu Dhabi in May.

Abu Dhabi Commercial Bank signs agreement to acquire Royal Bank of Scotland’s retail banking business
Abu Dhabi Commercial Bank, today announced that it has signed an agreement to acquire the retail banking business of The Royal Bank of Scotland (RBS) in the United Arab Emirates (UAE). The acquisition is subject to UAE Central Bank approval.

UAE to Participate in St. Petersburg International Economic Forum in Russia
Obaid Humaid Al Tayer, Minister of State for Financial Affairs, will lead the UAE delegation to the 14th St. Petersburg International Economic Forum to be held between 17th and 19th June 2010.

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