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ABU DHABI NEWS

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World’s Largest Reverse Osmosis Desalination Project To Open In Abu Dhabi In 2022
Emirates Water and Electricity Company, EWEC - a subsidiary of Abu Dhabi Power Corporation - and ACWA Power - the Saudi-based developer.

AED27 Million Value Of Deals Signed At International Franchise Exhibition In Abu Dhabi
The seventh edition of the International Franchise Exhibition, held from 22nd-23rd October, was attended by over 5,000 visitors including investors, business owners, SMEs and entrepreneurs resulting in a number of deals being signed at the event, with a value of over AED27 million.

Strong Hotel Performance In Abu Dhabi While Residential Sector In Dubai Shows Signs Of Stability
According to JLL’s latest UAE Market report, the Abu Dhabi hotel market maintained healthy performance levels over the past quarter associated with the recent government initiatives aimed to promote tourism within the capital.

TransferWise Announces Licence To Operate In United Arab Emirates, With Abu Dhabi As Middle East Hub
TransferWise today announced it has been granted a licence to bring its low cost, fast money transfer platform to the United Arab Emirates.

ERC Provides Over AED 338 Million In International Aid In Nine Months
The aid was offered for humanitarian programmes, rescue operations, development projects and orphan support programmes, said Dr. Mohammed Ateeq Al Falahi, ERC Secretary-General.

AED5.3 bn Letters Of Guarantee Provided By Banks In Eight Months
The letters of guarantee issued by banks and other business entities in the UAE amounted to AED5.3 billion during the first eight months of 2019, a growth of 5.3 percent as compared to December 2018, according to the Central Bank of the UAE.

UAE Stock Market Capitalisation-To-GDP Ratio Hits 63 Percent
The capitalisation of UAE capital markets amounted to AED895.5 bn by the end of the second third of October, up 5.6 percent as compared to early this year, according to figures revealed by the country’s two main bourses.

FinTech Abu Dhabi goes Live on 21 October with ten key features
FinTech Abu Dhabi ("FinTech AD") goes ’live’ tomorrow with ten key features and new initiatives that will look to solve issues in the Fintech industry, connect people, and recognise success.

Abu Dhabi International Boat Show 2019 Concludes at ADNEC
The event drew the participation of 26,000 visitors and 284 exhibiting companies from 27 countries.

7,400 Students Benefit From ADNOC’s STEM Education Programmes
A total of 7,400 students and 958 teachers have benefitted from the social responsibility programme of the Abu Dhabi National Oil Company, ADNOC, in sciences, technology, engineering and mathematics, STEM, education, since its launch in 2017.

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