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ABU DHABI NEWS

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Over 1000 Licences Issued By FANR In 2018
As of December 2018, a total of 1,088 licences have been issued for the nuclear sector in the UAE, according to Federal Authority for Nuclear Regulation’s 2018 Annual Report.

Toll Gate System Announced In Abu Dhabi, Charging Will Start October 15
The Department of Transport - Abu Dhabi (DoT) and the Integrated Transport Centre (ITC) have announced the launch of its forthcoming toll gate system in line with the Surface Transport Master Plan (STMP) for the Emirate of Abu Dhabi.

WeWork To Launch First UAE Location In Early 2020 At Hub71
WeWork, a global company offering shared workspaces for tech firms, announced on Wednesday the launch of its first location in the United Arab Emirates.

Abu Dhabi Fund For Development Organizations Development Funding Workshop
Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, hosted a workshop entitled ’Development Financing’ to share best practices among leading funding institutions and discuss ways to overcoming funding challenges in developing countries.

ADNOC And Wanhua Chemical Sign Shipping JV And Downstream Partnership Framework Agreement
The Agreements with Wanhua Chemical were signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, and Zengtai Liao, Chairman of Wanhua Chemical Group.

du Reinforces UAE-Pakistan Relations With ’Orient Express’ Submarine Cable System
du, the Emirates Integrated Telecommunications Company, EITC, is strengthening the UAE’s bilateral relations with Pakistan, as well as the country’s presence as a connectivity hub, by enabling a new "Orient Express" submarine fibre optic cable between Pakistan and the UAE.

Mubadala Signs MoU To Explore Petchem Opportunities In Indonesia
Mubadala, OMV and petrochemical leaders PT Chandra Asri Petrochemical Tbk and PT Chandra Asri Perkasa signed a Memorandum of Understanding to explore opportunities for collaboration in the petrochemical sector in Indonesia.

Emirates Strategic Investments Company Debuted USD 600 Million 5-Year Sukuk
Investor demand for the Sukuk was exceptionally strong as evidenced by a USD 3.7bn orderbook, representing an oversubscription rate of 6.2 times. More than 135 investors from over 20 countries participated in the transaction.

ADGM, Beijing Municipal Bureau To Increase Financial And Fintech Activities
Following the state visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Abu Dhabi’s GDP At Current Prices Rises To AED226 Billion In Q1 2019
Abu Dhabi’s gross domestic product, GDP, at current prices for Q1 2019 rose by 3.3 percent to AED226 billion, compared to AED219 billion in the first quarter of 2018.

UAE Partners With China’s 3 Major Financial Institutions To Boost Trade, Investments And Bilateral Exports Between Two Countries
Etihad Credit Insurance (ECI), the UAE Federal Credit Insurance Company has signed three strategic MoUs, respectively, with China Export and Credit Insurance Corporation (SINOSURE ).

Abu Dhabi’s Imports And Exports Of Agricultural Goods, Down, Re-Exports Up In 2018:SCAD
The value of Emirate of Abu Dhabi’s imports of agricultural goods and foods slightly decreased in 2018 to AED 7.71 billion from AED 7.78 billion in 2017, according to Agricultural Statistics 2018 of Foreign Trade in Agricultural Commodities, released by Statistics Centre - Abu Dhabi, SCAD, on Monda

Jubail Island Investment Company Awards AED50 + Million Marine Works Contract
Jubail Island Investment Company (JIIC) has awarded an AED50 + million marine works contract for Jubail Island to National Marine Dredging Company.

Abu Dhabi Global Market And Oneconnect Of Ping An Collaborate On Fintech Development And Innovation
Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre, and OneConnect Financial Technology Co. Pte Ltd(OneConnect) signed a Memorandum of Understanding (MOU) to promote and develop FinTech innovation.

Important precautions to take when buying a used car
When you decide to buy a car, you are mentally prepared to part with a large sum of your hard-earned money and hence this should be a well-informed decision.

Confucius Institute At Zayed University To Teach Chinese Art, Calligraphy
The Confucius Institute at Zayed University will begin teaching classical Chinese art and calligraphy, along with the Chinese language, to government and private institutions.

Aldar Presses Ahead With Work On Recently Awarded Projects
Following its appointment by the Government of Abu Dhabi to deliver AED 5 billion worth of landmark projects in the Emirate, Aldar Properties PJSC (’Aldar’) announced today further details on the commercial and socio-economic impact that these projects are expected to deliver.

The Department Of Culture And Tourism - Abu Dhabi Launches TechZone Initiative
Aimed at 10 to 20-year-olds, TechZone offers participants the chance to gain skills in the areas of photography, design, photo editing, computer science and project management, and forms part of the Summer #inAbuDhabi Season.

Abu Dhabi Bank Named ’World’s Best Bank For Transformation’
First Abu Dhabi Bank, FAB, has been named ’World’s Best Bank for Transformation’ at the Euromoney Awards for Excellence 2019, at the recent ceremony in London.

Shams Power Achieves 1 Million Man-Hours Without Lost Time Injuries
In June 2019, Shams Power Company successfully reached one million man-hours without any lost time injuries.

UAE’s Non-Oil Trade With China Amounted To US$43 Billion In 2018: Minister Of Economy
Sultan bin Saeed Al Mansouri, Minister of Economy, stated that China is the UAE’s leading trade partner in terms of non-oil commodities, accounting for 9.7 percent of its total non-oil trade in 2018, valued at over US$43 billion.

Khalifa Fund Establishes ’Mohamed Bin Zayed Centre For Innovation And Entrepreneurship’ In Republic Of Senegal
Under the directives of H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and the instructions of H.H. Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

ADIB, Al Baraka Banking Group Sign MoU To Expand Network
The correspondent banking arrangement provides clients with greater flexibility and access to a wider network, in order to conduct seamless cross-border fund transactions.

ADNIC Recognised As ’UAE’s Most Outstanding In Corporate Insurance Services’
Abu Dhabi National Insurance Company, ADNIC, has been adjudged ’Most Outstanding in Corporate Insurance Services - UAE’ by the Corporate LiveWire Innovation and Excellence Awards 2019.

His Excellency Dr. Ali Obaid Al Dhaheri, Ambassador Of The United Arab Emirates To The People’s Republic Of China
The state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

UAE’s Bank Assets Total AED1.68 Trillion In H1 2019
Total assets of the UAE’s six national banks totalled AED1.68 trillion in the first half of 2019, an increase of AED170 billion, or 11.2 percent, compared to AED1.51 trillion in the same period of 2018.

FAB Reports Record H1 Net Profit Of AED 6.3 Billion
First Abu Dhabi Bank,FAB,reported a record half year net profit of AED 6.3 billion, up 4% year-on-year, driven by revenue growth, coupled with continued cost control and prudent risk management.

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