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ABU DHABI NEWS

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AED300.5 billion in credit facilities to realty, construction sector by end of Q1
Up to AED300.5 billion in bank credit facilities was provided to the realty and construction sector in the UAE by the end of Q1 2018, a growth of 12.5 percent of from AED267.02 billion in the same period in 2017.

Abu Dhabis landmarks bathed in green lights in support of UAE-Saudi Strategic Partnership
Key landmarks in the UAE capital were bathed in green lights and colour in support of the maiden meeting of the Saudi-Emirati Coordination Council.

FAB receives CMA approval to cancel its license to market non-Omani securities in Oman
First Abu Dhabi Bank (FAB) has received approval from the Capital Market Authority, Sultanate of Oman on its request to surrender its license to market non-Omani securities in Oman.

NGAD Launches ’Made In The UAE’ Landmark Film Showcasing Unilever Local Manufacturing
National Geographic Abu Dhabi, NGAD, in partnership with Abu Dhabi media announced today the launch of its latest film ’Made in the UAE’ which highlights the rise of the UAE’s industrial economy through spotlighting global leaders such as Unilever’s local manufacturing production in Dubai.

Vnesheconombank Opens Its Representative Office In Abu Dhabi
VEB has opened its representative office in Abu Dhabi, the United Arab Emirates. The new representative office has obtained all necessary permits, a commercial license and a registration certificate, and now is ready to operate.

Mohamed bin Zayed Approves AED 50 Billion Economic Package, 10 Economic Initiatives
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Chairman of Abu Dhabi Executive Council, has approved an AED 50 billion economic stimulus package for Abu Dhabi.

National Geographic Abu Dhabi Launches Planet Or Plastic? Global Campaign In MENA
As part of its ongoing commitment to addressing pressing environmental issues such as the growing amount of single-use plastic in the world’s oceans, National Geographic Abu Dhabi (NGAD) announced the launch of its global ’Planet or Plastic?’

Aldar To Commence Handover Of West Yas Villas This Month
Aldar Properties PJSC (’Aldar’) is pleased to announce that handovers of villas within its West Yas community will commence this month. The handover process will be undertaken in phases, the first of which incorporates 300 villas, and continue throughout the remainder of 2018.

Abu Dhabi Airports Initiates Heat Stress Awareness Campaign
The program, which takes course until September, features Arabic, English, Urdu and Hindi training sessions across the Abu Dhabi International Airport, Al Ain International Airport and Al Bateen Executive Airport.

Abu Dhabi And Hong Kong To Advance Financial Innovation
Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, and the Hong Kong Securities and Futures Commission, HK-SFC, have entered into a cooperation agreement to jointly promote and support financial services innovation in the UAE and Hong Kong.

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