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UAE Monetary Base Up To AED396.2 bn In May
The UAE Central Bank has announced government deposits increased to AED297.8 billion in January, with monetary deposits and quasi-monetary deposits standing at AED428.6 billion and AED814.1 billion respectively.
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First Four Startups Join Abu Dhabi’s Hub71
Following a recent announcement from Ghadan 21 that aims to bolster private sector growth in Abu Dhabi, Hub71 has announced today the strategic decision of four startup pioneers to set up a presence with the majority of their development and engineering capabilities at Hub71 in Abu Dhabi.
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Anarock To Sell Aldar’s Abu Dhabi Properties To Indians
An Indian real estate consultant Anarock has partnered with Aldar Properties to sell housing and commercial assets located in Abu Dhabi to Indian investors.
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DEX Secures In Principle Approval For Crypto Asset Exchange From ADGM’s Financial Services Regulator
DEX (Digital Assets Exchange) has secured in principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate a Crypto Asset Exchange as part of the wider digital asset regulatory ecosystem developed over the past year by the FSRA.
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Sheikh Zayed Book Award To Translate ’The Dinoraf’ Into Three Languages
The agreement follows a signing ceremony held in Abu Dhabi which was attended by Marco Zapparoli, Founding Director of Marcos y Marcos, Ali Al Shaali, Founding Director of Al Hudhud Publishing, the copyright holder of the Arabic version of The Dinoraf, and author Hessa Al Muhairi.
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ADIB Provides Saudi Investors With Financing For Acquisition Of Manchester Property Portfolio
The transaction means that property financing in the United Kingdom arranged through ADIB’s office in Knightsbridge, London, has risen to over AED 850 million, secured against property with an aggregate market value of over AED 1.35 billion.
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UAE Bags 14 Medals At Kazakhstan Jiu-Jitsu Grand Prix
Ten countries, including Brazil, Jordan, Afghanistan, Mongolia and Turkmenistan participated in the international competition, which concluded here today.
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Expats’ Remittances Stand At AED38.41 bn In Q1-2019
Expats’ remittances from the UAE amounted to AED38.41 bn during Q1-2019, according to figures released by the Central Bank of the United Arab Emirates.
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Al Othaim Group opens Xtreme Zone in Abu Dhabi Mall
Abdullah Al Othaim Investment Company has inaugurated Xtreme Zone, in Abu Dhabi mall. Xtreme Zone is considered the latest project of Al Othaim Leisure and Tourism company in the UAE.
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Etisalat To Invest AED4 Billion For Network Upgrade In 2019
Etisalat is set to invest AED4 billion in network upgrade in 2019, according to a senior executive.
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