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ABU DHABI NEWS

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Masdar Announces WiSER Pioneers Programme At Mohamed Bin Zayed Majlis For Future Generations
The announcement was made at the second edition of the Mohamed Bin Zayed Majlis for Future Generations, held under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Masdar Signs Region’s First Green Revolving Credit Facility To Drive Sustainability Goals
Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.

Department Of Culture And Tourism - Abu Dhabi And Abu Dhabi Global Market Sign Memorandum Of Cooperation To Support Professional Associations And Non-Profit Organisations
The memorandum was signed by HE Sultan Al Mutawa Al Dhaheri, Executive Director of the Tourism Sector at DCT Abu Dhabi and Mr. Dhaher Bin Dhaher Al Mheiri, CEO of the Registration Authority of Abu Dhabi Global Market.

Abu Dhabi Securities Exchange To Use Emirates ID Number As One Issued For Investors
The Abu Dhabi Securities Exchange, ADX, has announced that it is to use the 15-digit National ID number as the official number issued for investors, both citizens and residents, as of 14th October.

EIBOR Up By 30.7-48.6 Percent Since Early 2018
The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) hit new highs of 30.7- 48.6 percent across all terms since the beginning of the year, according to the Central Bank of UAE figures.

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.

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.

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