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ABU DHABI NEWS

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Islamic banks assets surge to AED565 billion in H1 2018
Assets of Islamic banks operating in the UAE amounted to AED565 billion by the end of H1 2018, a 6.7 percent growth of AED35.5 billion over the corresponding period in 2017.

UAE Banks’ ATMs Increase To 5261 By End Of June 2018
In yet another indicator of the growth in economic sentiments in the country, the number of automatic teller machines, ATM, operated by banks in the UAE hit a total of 5261 by end of June, an increase of 42 facilities from 5219 in the same month in 2017, according to CBUAE statistics.

Department Of Culture And Tourism, Airbnb Team Up To Promote Emirati Experiences
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Airbnb, the online community marketplace which provides access to millions of unique accommodation and Experiences around the world, have teamed up to promote the UAE capital’s offerings.

GAC Abu Dhabi Joins Abu Dhabi Airports Free Zone
Abu Dhabi Airports Free Zone, ADAFZ, today announced leading international logistics firm Gulf Agency Company, GAC, Abu Dhabi as the latest addition to its cargo terminal free zone site.

Aggregate Capital, Reserves Of UAE-Based Banks Increase To AED330.2 Billion By End Of Q2
The aggregate capital and reserves of banks operating in the UAE increased by 4.4%, reaching AED 330.2 billion by the end of Q2 2018 compared to a 1.5 percent quarterly increase at the end of the same period of 2017, according to CBUAE statistics.

Abu Dhabi University Student Research Recognized At Leading Scientific Conference In Thailand
The students from ADU’s College of Engineering, were honored with an award for ’best presentation and idea’ for their contribution at a workshop held in parallel with the main ICCMP conference.

UAE, China Accelerating Knowledge Transfer, Exchange Of Expertise
Ways of accelerating knowledge transfer and exchange of expertise were the main topics of discussion between the Director-General of the Emirates Centre for Strategic Studies and Research, ECSSR and the Ambassador of China to the UAE.

ADNIC Reports AED150.5 Million Net Profit For H1 2018
Abu Dhabi National Insurance Company, ADNIC, announced its financial results for the first half of 2018 today.

Al Hilal Bank, ADGM Partner To Promote Islamic Finance
Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market, ADGM, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE.

UAE Cabinet Approves UAE Space Agency Board Structure
The UAE Cabinet has approved the restructuring of the board of the UAE Space Agency under the chairmanship of Dr. Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills.

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