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ABU DHABI NEWS

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UAE Banking System Expands Credit To 10 Economic Sectors
Statistics issued by the Central Bank of the UAE show that ten vital economic sectors witnessed considerable growth, reflecting the overall rise of business activity since the start of 2018.

UAEU Breaks Guinness World Record For Largest Paper Mosaic Painting
As part of its celebration of the ’Year of Zayed’, the UAE University (UAEU) has broken the Guinness World Record for the world’s largest mosaic painting, made of paper rolls.

State Street Expands Middle East Presence With New Abu Dhabi Office In Response To Region’s Significant Growth Prospects
According to the research, more than three quarters (78 percent) of those surveyed are optimistic about their own growth prospects in the Middle East. As a result of this optimism, 75 percent foresee growing inflows into Gulf Cooperation Council (GCC) domiciled funds over the next five years.

ADNOC Unveils Plans To Expand Ruwais City, With Focus On Liveability, Leisure And Community
The Abu Dhabi National Oil Company (ADNOC) announced, today, major development plans for Ruwais City, a 6.9-square kilometer community near the Ruwais Industrial Complex, in Abu Dhabi’s Al Dhafra region.

Abu Dhabi Global Market To Support Start-Ups And Enterprises
Abu Dhabi Global Market, ADGM, today launched its framework to regulate operators of Private Financing Platforms, PFPs, serving equity investment, debt financing and trade receivables funding needs of start-ups, private enterprises and SMEs.

Abu Dhabi DED Issues Decisions To Facilitate Businesses In The Emirate
The first decision modified the calculation mechanism of the billboards fees whereby the issuance and renewal of all kinds of economic licenses will be charged a fixed fee of AED200.

Camerata Salzburg Orchestra with violin virtuoso Renaud Capuçon and the world’s foremost harpist Xavier de Maistre confirmed for Abu Dhabi Classics 2018/2019 season
The highly anticipated Abu Dhabi Classics new concert season of cultural harmony, will bring a dynamic and diverse programme of classical and traditional music to the Capital.

Al Ain Zoo’s Green Spaces Is Ideal Environment For Interactive Learning
With the beginning of the new school year, Al Ain Zoo is continuing to provide its educational programmes based on innovative and enjoyable methods of interactive learning.

Net Income Of Abu Dhabi Banks Amounts To AED16.6 Billion In H1 2018
The net income of commercial and Islamic banks operating in the emirate of Abu Dhabi amounted to AED16.6 billion during H1 of 2018, a growth of 8.4 percent over the corresponding period last year.

SCA Approves Regulatory Control Of Fintech
Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Securities and Commodities Authority (SCA), has issued a resolution approving the regulatory control of Fintech.

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