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ABU DHABI NEWS

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Etihad Airways and Microsoft team up to launch region’s first AI academy
Partnership aims to empower employees of all levels, transform business and optimise operations

Emirates Steel signs marine services agreement with Abu Dhabi Ports worth AED1 billion
In the agreement, SAFEEN will provide short marine shipping services for three shipments of iron ore per month.

Abu Dhabi Fund for Development Implements COSO Internal Control Framework
As the first government institution in the emirate of Abu Dhabi to roll out the effective system, ADFD confirmed that the framework will help enhance its monitoring and internal control activities.

New Reprocessing Polymer Facility to start in KIZAD
Combining cutting-edge technologies and expertise, Gulf Compound Blending Ind. Ltd, a joint venture company from Italy, will re-process waste and non-prime materials in the UAE to create new polymer products.

Sharjah’s industrial production touched AED41 billion in 2018
Industrial production in Sharjah reached AED41 billion last year, according to the Sharjah Economic Development Department, SEDD.

UAE and Saudi Arabia announce launch of common digital currency ’Aber’
The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) today announced in a joint statement the launch of the common digital currency project ’Aber’, which will be used in financial settlements between the two countries through Blockchains.

Gulf Capital Successfully Exits its Investment in Amana Healthcare
Healthcare services are expected to continue to benefit from both the overall growth in healthcare spending, as well as the increasing preference of healthcare regulators towards high-quality, private providers for certain specialised services.

Aldar’s Saadiyat Homes Approaching Completion
Mamsha Al Saadiyat and Jawaher Al Saadiyat set for mid-year handovers.

ADGM elected as one of two Director Institutions for FinTech Cooperation Committee
Abu Dhabi Global Market, ADGM, has been elected as one of the Director Institutions to the new FinTech Cooperation Committee, FTCC, established by the Asian Financial Cooperation Association, AFCA.

ADCB posts annual net profit of AED4.840 bn in 2018
Abu Dhabi Commercial Bank PJSC reported net profit of AED4.840 billion for the fiscal year 2018, up 13% on year.

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