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ABU DHABI NEWS

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ADIB Raises AED 1 Billion In Successful Rights Issue Which Was More Than Five Times Oversubscribed
Following the close of the subscription period on October 9, the designated 464 million new shares will be fully allocated on October 16th.

Innovation Significantly Contributes To UAE Economic Prosperity: Noura Al Kaabi
Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, has reaffirmed the role of innovation in contributing to the economic upswing in the United Arab Emirates.

Sheikh Zayed Book Award Holds Cultural Seminar In Milan
The Sheikh Zayed Book Award, SZBA, hosted the second instalment in its series of international seminars in Milan on 5th October, as part of its commitment to advance Arab culture.

ADNIC To Utilise Al Etihad Credit Bureau’s Services To Further Strengthen Its Credit Risk Management
In a pioneering move for the insurance industry, Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has announced it will utilise Al Etihad Credit Bureau (AECB) products.

ADNOC And BHGE Form A Strategic Partnership to Improve Drilling Efficiencies And Grow ADNOC Drilling Into A Fully-Integrated Drilling And Well Construction Business
The Abu Dhabi National Oil Company (ADNOC or the Group) and Baker Hughes, a GE company (BHGE:NYSE), today signed a strategic partnership agreement that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling.

New Hotel Classification System For Abu Dhabi Hotels To Be Launched
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) has developed a brand new classification system for all hotels in the emirate, which will be rolled out for all establishments in the coming months.

Intertrust Opens Office In Abu Dhabi Global Market
The new office in Abu Dhabi’s financial centre will expand Intertrust’s existing presence in the United Arab Emirates (UAE), and consolidate its position as one of the leading corporate services providers in the region.

DCT Abu Dhabi, Medical Tourism Association Sign MoU
The globally recognised event brings together experts and organisations from more than 100 countries worldwide and regularly attracts more than 10,000 visitors, approximately 200 exhibitors and sponsors and up to 100 hosted VIP buyers.

’Multaqa Fikra’ Brainstorms Initiatives To Promote Children’s Literature
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) yesterday held a brainstorming session which aimed to promote children’s literature entitled ’Multaqa Fikra’ (Idea Forum), which featuredg an elite group of writers, painters and visual artists.

First Foreign Space Agency Opens In Abu Dhabi
The French Embassy in the UAE today opened a representative office of the French space agency in Abu Dhabi (Centre National d’Etudes Spatiale, CNES) to be the first foreign space agency opening a representative office in the UAE.

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