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ABU DHABI NEWS

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Abu Dhabi Islamic Bank posts Record Half Year Profits
Second Quarter net profit was AED 276 million and this represents an increase of 53% compared to the same period in 2007, and a 13% growth on the previous quarter.

Abu Dhabi Customs Records External Trade Growth Of 28.4 Per Cent In Half-Year 2008 To AED 46.641 Billion
The General Administration of Customs - Abu Dhabi announced that external trade in the first half of 2008 increased by 28.4 per cent over the same period in 2007, highlighting the high-growth trade environment of Abu Dhabi.

French Diplomat Visits The Department Of Municipal Affairs
H.E. Dr. Juan Salem Al Dhaheri, Chairman of the Department of Municipal Affairs, received Pierre Mourlevant, the French Economic & Financial Counsellor for the Middle East, to discuss economic bilateral relations.

Etihad Places Firm Orders For 45 Boeing Aircraft
Etihad Airways announced today firm orders for 45 Boeing aircraft at the Farnborough International Airshow in the UK.

52 Young Nationals Tie The Knot In Joyous Mass Wedding
The wedding was attended by sheikh Ahmed Bin Soroor Al Dhaheri Head of the municipality Council and Sheikh Nehayan Bin Mohamed Al Ameri (cross check the arabic title for both)and Mr. Ahmed Messari Al Dhaheri Regional manager in ADIB at Al Ain area.

’Go Green’ Online Awareness Campaign Launched by Cyber Gear
‘Go Green’ is an e-initiative of Cyber Gear. According to Sharad Agarwal, CEO of Cyber Gear, “The ‘Go Green’ web site has been set up to remind people to be mindful of and sensitive to the natural environment in our daily life

Abu Dhabi National Oil Company unveils new measures
Abu Dhabi National Oil Company (ADNOC) unveiled it is about to take new measures to curb congestion at its fuel stations nationwide amid increasing demand for diesel triggered by the economic boom in all sectors

Department of Planning and Economy in A bu Dhabi issues Commodity Index for months of May, June
In a bid to maintain consumer awareness at the highest possible level, the Department of Planning and Economy (DPE) in Abu Dhabi has launched a commodity index to monitor price trends of essential commodities

Noor Islamic Bank Signs Mou With Abu Dhabi’s ALDAR Properties And Sorouh Real Estate
Noor Islamic Bank PJSC (NIB) today announced that it has entered into a financing agreement with ALDAR Properties and Sorouh Real Estate, two of Abu Dhabi’s largest developers, to provide up to a maximum of 90 per cent financing for their residential developments.

First Gulf Bank Reports Another Record Quarter
Net interest and Islamic financing for the quarter at AED 622 million is 112% higher than the same quarter last year and 47% higher than the previous quarter.

Sorouh Real Estate Selects Hill International As Project Manager For Six Towers At Shams Abu Dhabi
Hill International, the global leader in managing construction risk, announced today that it has been awarded a contract by Sorouh Real Estate PJSC, one of Abu Dhabi’s leading real estate companies, to provide project management services for Gateway Towers 3 to 8 at the Shams Abu Dhabi development.

Masdar Extends Invitation For Future Energy Collaboration At Buckingham Palace
Dr. Sultan Al Jaber,CEO of Abu Dhabi’s Masdar Initiative,today encouraged greater collaboration between the United Kingdom and Masdar to develop an affordable and sustainable energy future for the world.

More Than 30,000 Visit Summer In Abu Dhabi In The Show’s First Ten Days
Abu Dhabi National Exhibitions Company (ADNEC) and Abu Dhabi Tourism Authority (ADTA) have revealed that more than 30,000 people have visited Summer in Abu Dhabi during the first 10 days of the show’s eight-week run at the Abu Dhabi National Exhibition Centre.

ALDAR HQ to be the First Occupied Building on Al Raha Beach
ALDAR Properties, the leading integrated property development company said today construction of its headquarters building was "on track for timely completion".

Abu Dhabi Development Launch Receives Overwhelming Response
Bloom Gardens, the first real-estate development project from the newly-rebranded Bloom Properties, opened for sale this week to an overwhelming reception.

First Gulf Bank’s Makkah Credit Card Presents the Opportunity of a Lifetime
This opportunity is open to customers who apply for a Makkah Credit Card from now until August 20th.

Phone calls to be cheaper says TRA
Telephone calls could become cheaper in the UAE under a new directive by the local regulatory authority

Abu Dhabi Opens Worldwide Nominations and Submissions for Zayed Future Energy Prize
2007 Nobel Laureate Dr. Rajendra Kumar Pachauri and Masdar CEO, Dr. Sultan Al Jaber today announced the official call for nominations and submissions for the Zayed Future Energy Prize (ZFEP), an international awards program.

IPIC concludes US$625m loan facility to acquire 20pc stake in Cosmos Oil
The International Petroleum Investment Company (IPIC) has concluded a US$625 million syndication loan to finance acquisition of 20 per cent shares in Japan’s Cosmos Oil Company

Spa Resources International And Etihad Airways Add A Soothing Touch To Abu Dhabi International Airport
Spa Resources International, the Dubai-based, specialised Spa Management and Consultancy Company which has set the standards for the spa and wellness industry in the region for over a decade now, has entered into a groundbreaking new agreement with Etihad Airways.

UAE writes off Iraq debts
Sheikh Khalifa said the UAE’s decision to write off the Iraqi debts was genuine expression of brotherhood and solidarity between the two countries

MBI’s ’Deerfields Town Square’ Assigns Colliers International As Retail Consultant
Mubarak and Brothers Property and Financial Investments (MBI), a major investment company with key stakes in real estate and construction, infrastructure, and industrial ventures, today announced it has assigned world renowned Colliers International.

Al Diar Hotels & Etihad Airways Launch Joint Summer Promotion
Al Diar Hotels, a chain of seven executive hotels owned and managed by Abu Dhabi National Hotels (ADNH) has announced a joint summer promotion with Etihad Airways to offer hotel guests a chance to win free roundtrip tickets to a number of worldwide destinations.

Strategy Meeting Of The National Committee To Combat Human Trafficking Discusses Next Phase Plan Of Action
The UAE National Committee to Combat Human Trafficking concluded its 10th meeting today in Dubai with a draft plan for the next phase of its counter trafficking strategy.

Noor Islamic Bank Signs MoU with Abu Dhabi’s ALDAR Properties and Sorouh Real Estate
Noor Islamic Bank is one of the few Dubai based banks to be on the approved panel of these developers which are renowned for their role in transforming the UAE’s capital into becoming an economic, tourism and cultural hub.

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