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Industrial Development Bureau Releases H1 2017 Report
A report by the Industrial Development Bureau, IDB, has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion.
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Aldar Properties Announces 5% Increase In Gross Profit For H1 2017
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the first half of 2017, recording a 5 percent increase in gross profit to AED1.29 billion, up from AED1.23 billion in the first half of 2016.
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Foreign Investments At UAE Stock Markets Hit AED104.5 Billion In July
The market capitalisation of foreign shares at UAE stock markets continued their rising streak for the second month running, surging to AED104.5 billion during July, a growth of 5.5 percent over the month of June.
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Etihad Airways Introduces Boeing 787 On Seoul Incheon Service
Etihad Airways has introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi, the capital of the United Arab Emirates (UAE), to Seoul. The aircraft touched down this morning at the South Korean capital’s space-age Incheon International Airport.
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Central Bank pumps AED11.3 billion in liquidity in June
A total of AED11.3 billion in cash was pumped by the UAE Central Banks through banks operating in the country during June, which accounts for 35.7 percent of AED31.6 billion in total funds provided by the bank throughout 2016. The move reflects the rising demand for credit in the market.
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Majid Al Futtaim And Al Jazira Club Announce Partnership To Invest AED 1.4 Billion In New Shopping Destination, City Centre Al Jazira
Abu Dhabi’s retail and entertainment sectors are set for further growth following the announcement of the first-ever City Centre mall in the UAE capital.
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Abu Dhabi University attracts students of all nationalities and cultural backgrounds
Abu Dhabi Universiity (ADU), set to launch a new campus in Dubai with the start of the upcoming fall semester, continues attracting students of diverse nationalities and cultural backgrounds in preparation for the 2017-2018 academic year.
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ADX Launches New Mechanism For Employees’ Equity Incentives
The Abu Dhabi Securities Exchange has requested all listed companies to disclose the agendas and outcome of their board meetings which discuss the possibility of awarding shares to their employees in form of equity incentives.
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Abu Dhabi’s Hotel Guest Arrivals Surge By 30 Percent In June
Abu Dhabi recorded a remarkable 30 percent increase in the number of hotel guest arrivals this June, compared to the same month in 2016, boosted by an exceptional Eid Al Fitr period, which saw many premium hotels fully booked.
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Abu Dhabi Ports Signs Agreement Bringing Investments Of AED1.1 Billion Into Khalifa Port Free Trade Zone
An investment cooperation agreement with Jiangsu Province was signed on Monday to strengthen economic ties and build investment projects through joint opportunities for both the UAE and Chinese economies.
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NAJAH Abu Dhabi To Host Prestigious Universities From 16 Countries
The 11the edition of NAJAH Abu Dhabi, a leading higher education event in the United Arab Emirates (UAE), will be held from 25th to 27th October at the Abu Dhabi National Exhibition Centre (ADNEC).
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FEWA Announces Ambitious Plans To Meet Increasing Water Demand
The Federal Electricity and Water Authority, FEWA, has announced its plans to procure water through independent water production, IWP, or seawater reverse osmosis, SWRO, by self-financing.
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Sheikh Zayed Book Award Receives 725 Nominations To Date For Its 12th Session
The Sheikh Zayed Book Award has recorded a total of 725 nominations so far since the 12th cycle commenced in May. ’Young Author’ and ’Literature’ categories are leading with equal shares of total nominations at 29% for each, while ’Best Contribution to the Development of Nations’.
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Abu Dhabi Duty Free welcomes The Estee Lauder Companies
Abu Dhabi Duty Free, in partnership with DFS Group, the world’s leading luxury travel retailer, has opened a new beauty boutique in Terminal 3 at Abu Dhabi International Airport (AUH), hosting the new and prestige brands of The Estée Lauder Companies.
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Image Nation Abu Dhabi Launches 2017 Semester Of Arab Film Studio Programs
Image Nation Abu Dhabi, one of the leading media and entertainment companies in the Middle East, has announced this year’s participants for two of its prestigious Arab Film Studio programs.
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Abu Dhabi Registers 4538 New Trade Licenses In H1 2017
The total number of new commercial licences issued in the emirate of Abu Dhabi and registered at the Abu Dhabi Business Centre, ADBC, affiliated to the Department of Economic Development, DED, reached 4,538 during the first half of 2017.
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ADFD Finances 76 Development Projects In Morocco Worth AED9 Billion
The Abu Dhabi Fund for Development, ADFD, has supported Morocco with grants and concessionary loans worth AED9 billion across 76 development projects. The projects spanned diverse sectors, most notably transport, housing, water and agriculture, education, and healthcare.
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FAB Reports First Half 2017 Group Net Profit Of AED 5.49 Billion
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has reported consolidated pro-forma financial results for the first time post-merger, delivering a resilient performance amidst softer economic conditions.
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Operation Smile’ To Perform Life-Changing Surgeries At Cleveland Clinic Abu Dhabi
Operation Smile, the charity committed to providing thousands of free operations to people suffering from cleft lips and palates, will come to Cleveland Clinic Abu Dhabi at the end of July.
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Al Wahda Mall To Host Mega Raffle, Entertainments Every Weekend For Abu Dhabi Summer Season
Al Wahda Mall, an Iconic landmark & favorite shopping destination located in the heart of Abu Dhabi city, hosts its weekend bonanzas from 5:00pm-8:00pm every Thursday and Friday from July 14th-August 20th.
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Abu Dhabi Business Centre Completes e-Linkages With 36 Federal, Local Departments
The Abu Dhabi Business Centre, ADBC, has announced the completion of e-linkages with each of the General Authority of Civil Aviation, GACA, and the Abu Dhabi Ports, bringing to 36 the number of local and federal departments covered by the e-linkage project.
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Abu Dhabi Global Market Inks FinTech Bridge With Australian Securities And Investments Commission
Greg Medcraft said, "FinTech developments are not confined by national borders. Each country and region has a different experience with FinTech, and there is much we can learn from engaging with one another.
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AED26.9 Billion Of Foreign Investments In ADX In H1
The total trading value of foreign investments in Abu Dhabi Securities Exchange hit AED26.9 billion during H1, 2017, accounting for 47.3 percent of ADX total trading during the same period, which amounted to around AED56.5 billion.
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Al Hilal Bank Unveils Its Long-Term CSR Program Focusing On Child Safety
Al Hilal Bank today unveiled its plan for a long-term Corporate Social Responsibility program focusing on Child Safety in the UAE. The Bank is the first in the UAE to tackle multiple aspects of children’s safety under one umbrella.
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Coveted Global Lifestyle Concept Buddha-Bar Beach To Make Middle East Debut In Abu Dhabi
Buddha-Bar Beach is set to open later this year at The St. Regis Saadiyat Island Resort, Abu Dhabi, bringing Pan-Asian cuisine, cocktails, and unforgettable music to the capital.
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ENEC Progresses Delivering Barakah Nuclear Energy Plant Completing Significant Tests of Unit 2
The Emirates Nuclear Energy Corporation has successfully completed the Cold Hydrostatic Testing (CHT) at Unit 2 at the Barakah Nuclear Energy Plant located in Al Dhafra Region of Abu Dhabi.
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Etihad Airways Introduces Next-Generation Boeing 787 Between Abu Dhabi And Beirut
Etihad Airways today introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi, the capital of the United Arab Emirates (UAE), to Beirut, Lebanon.
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