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ABU DHABI NEWS

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Khalifa University Student Team Achieves Remarkable Success At DBF 2019 In US
The team designed and developed an unmanned, electric-powered, radio-controlled aircraft that successfully completed all three mandatory missions at the international competition in which participants included some of the top universities in the world.

Tadweer Inaugurates Aaber Smart Gate At Al Dhafra Landfill
Abu Dhabi Waste Management Center (Tadweer) has installed the Aaber Smart Gate access control system at Al Dhafra Landfill to automate access and fee collection from waste transportation vehicles using the facility.

ADIB Postpones Instalments On Personal Financing During Ramadan
Abu Dhabi Islamic Bank, ADIB, has postponed monthly instalment for its personal finance customers at ’no extra charge’ during the holy month of Ramadan.

AED9.6 bn In Credit Facilities For Service, Non-Profit Organisations In Three Months
Figures recently released by the Central Bank of UAE indicate the steady rise in the total financial assistance received by this sector which amounted to around AED148.8 bn in 2018 against AED138.3 bn in 2017.

Abu Dhabi Trade In Aluminum, Copper Hits AED3.4 bn In January, February
The trade in the two metals accounts for 9.5 percent of the emirate’s total non-oil trade volume during the two months, which is valued at AED35.8 bn.

ATMs Up To 5,279 By End Of March
The continued rise in ATMs across the country reflects the UAE banking sector’s commitment to forging ahead with its plans to automate services in a way that optimises costs and streamlines business.

Bilfinger Middle East Awarded Series Of Multi-Million Dollar EPC Contracts In Abu Dhabi Downstream Sector
The Abu Dhabi National Oil Company (ADNOC) has awarded Bilfinger three separate projects in the first quarter of 2019.

TAQA Records AED 4.3 Billion Of Revenue In Q1 2019
TAQA’s oil and gas division achieved production for the first quarter of 2019 of 126.7 mboe/d, a slight increase compared to 123.8 mboe/d in Q1 2018.

Zayed Higher Organisation, Al Jalila Foundation Celebrate Graduation Of ’Ta’alouf’ Programme
In implementation of the MoU signed with Al Jalila Foundation, with the aim of enhancing cooperation and partnership to ensure the expansion of the programme scope.

UAE National Banks’ Capital Adequacy Ratio Up To 17.5 Percent By End Of March
The UAE national banks’ solvency hit a three-year high, with the capital adequacy ratio (tier 1 + tier 2) standing at 17.5 percent by the end of March 2019.

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