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ABU DHABI NEWS

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The National Elections Committee Approves The Fourth Federal National Council Election Cycle Timeline
As part of its sustained efforts to ensure transparency, integrity and accuracy of the Federal National Council (FNC) elections, the National Elections Committee (NEC) today announced the timeline of the upcoming fourth election cycle.

Almost Two Thirds Of UAE Retailers Increased Revenue After Accepting Digital Payments
Around two thirds of small UAE retailers said their revenues and footfall increased after accepting digital payments, The National quoted a new study from global payments company Visa as saying.

The Central Bank Warns Consumers To Be Aware Of Malicious WhatsApp Messages Of A Fraudulent Nature
The Central Bank of the UAE (CBUAE) today warns consumers to be aware of malicious WhatsApp messages claiming to be from CBUAE or banks operating in the UAE, which are of a fraudulent nature.

Special Olympics World Games 2019 Generated Close To AED 1 Billion In Economic Output
The Special Olympics World Games 2019 generated AED 957 million in economic output during the 10-day event that was held in the UAE in March, according to a study conducted by PwC Middle East.

ADAFSA Strengthens National Food Security With Two Global Events By Year-End
Given its role in preparing plans, programs and activities related to agriculture, food safety and food security, the Abu Dhabi Agriculture and Food Safety Authority,ADAFSA, announced it will organise two major global events in the Emirate of Abu Dhabi by the end of this year.

Abu Dhabi To Host First ISA’s Joint Security Exercise ISALEX19
Representatives of 50 law enforcement agencies from the member countries in the International Security Alliance, ISA, will be taking part in the first joint security exercise, ISALEX19, which will kick off on Sunday.

ADFD Allocates AED1.8 Million To Support Biological Diversity Research
Abu Dhabi Fund for Development, ADFD, has earmarked a grant worth AED1.8 million (US$500,000) to support the North-Eastern Federal University, NEFU, in Yakutsk, Russia.

UAE Integrates Climate Planning Into US$3 Trillion Asset Management
The United Arab Emirates is integrating its policies against Climate Change into the management of assets worth trillions of dollars, a senior official said here on Sunday.

The National Elections Committee Announces Electoral College List For 2019 Federal National Council Elections
The National Election Committee (NEC) today announced the list of the electoral college members from all emirates for the 2019 Federal National Council (FNC) elections, which features 3,37,738 members, marking a 50.58 per cent hike over the 2015 list that included 224281 Emirati electors.

Abu Dhabi Climate Meeting Begins
The Abu Dhabi Climate Meeting, ADCM, began today in the capital Abu Dhabi with the participation of more than 1,000 world-renowned political figures and climate action experts.

Abu Dhabi’s Hosting UNCTAD Main Events Will Develop Business Environment: Al Mansouri
Sultan bin Saeed Al Mansouri, Minister of Economy, has said that hosting of main events of UNCTAD in 2020 in Abu Dhabi, underscores the UAE’s position as an important trade and investment hub in the region.

EWEC Announces Full Operations Of World’s Largest Single Solar Project In Abu Dhabi
The AED3.2 billion solar plant, located at Sweihan in Abu Dhabi, is a joint venture between the Abu Dhabi Power Corporation and a consortium of Japan’s Marubeni Corp and China’s Jinko Solar Holding.

NPCC Abu Dhabi Celebrates Completion Of One Of The World’s Largest Offshore Oil Platforms For ADNOC
His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, inaugurated one of the world’s largest offshore oil platforms manufactured in the UAE by the National Petroleum Construction Company (NPCC), a part of Senaat, for Abu Dhabi National Oil Company (ADNOC).

ADGM Launches New FinTech, Innovation Initiatives
Abu Dhabi Global Market, ADGM, has announced its upcoming launch of a new initiative, ’FinTech 50’, and the third edition of the ’Innovation Challenge’, as part of the FinTech Abu Dhabi Festival 2019.

ADFG And SHUAA Agree Transformational Transaction, Creating A Regional Financial Services Powerhouse
Under the terms of the Transaction, SHUAA will issue 1,470,720,000 new SHUAA shares to ADFG’s parent company Abu Dhabi Capital Management (the Strategic Investor) in return for the entire issued share capital of ADFG.

Abu Dhabi Digital Authority Launches AI Training Workshops
The Abu Dhabi Digital Authority, ADDA, in collaboration with IBM, has successfully launched a new set of artificial intelligence, AI, training workshops for Abu Dhabi government employees.

UAE Monetary Base Up To AED396.2 bn In May
The UAE Central Bank has announced government deposits increased to AED297.8 billion in January, with monetary deposits and quasi-monetary deposits standing at AED428.6 billion and AED814.1 billion respectively.

First Four Startups Join Abu Dhabi’s Hub71
Following a recent announcement from Ghadan 21 that aims to bolster private sector growth in Abu Dhabi, Hub71 has announced today the strategic decision of four startup pioneers to set up a presence with the majority of their development and engineering capabilities at Hub71 in Abu Dhabi.

Anarock To Sell Aldar’s Abu Dhabi Properties To Indians
An Indian real estate consultant Anarock has partnered with Aldar Properties to sell housing and commercial assets located in Abu Dhabi to Indian investors.

DEX Secures In Principle Approval For Crypto Asset Exchange From ADGM’s Financial Services Regulator
DEX (Digital Assets Exchange) has secured in principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate a Crypto Asset Exchange as part of the wider digital asset regulatory ecosystem developed over the past year by the FSRA.

Sheikh Zayed Book Award To Translate ’The Dinoraf’ Into Three Languages
The agreement follows a signing ceremony held in Abu Dhabi which was attended by Marco Zapparoli, Founding Director of Marcos y Marcos, Ali Al Shaali, Founding Director of Al Hudhud Publishing, the copyright holder of the Arabic version of The Dinoraf, and author Hessa Al Muhairi.

ADIB Provides Saudi Investors With Financing For Acquisition Of Manchester Property Portfolio
The transaction means that property financing in the United Kingdom arranged through ADIB’s office in Knightsbridge, London, has risen to over AED 850 million, secured against property with an aggregate market value of over AED 1.35 billion.

Expats’ Remittances Stand At AED38.41 bn In Q1-2019
Expats’ remittances from the UAE amounted to AED38.41 bn during Q1-2019, according to figures released by the Central Bank of the United Arab Emirates.

UAE Bags 14 Medals At Kazakhstan Jiu-Jitsu Grand Prix
Ten countries, including Brazil, Jordan, Afghanistan, Mongolia and Turkmenistan participated in the international competition, which concluded here today.

Al Othaim Group opens Xtreme Zone in Abu Dhabi Mall
Abdullah Al Othaim Investment Company has inaugurated Xtreme Zone, in Abu Dhabi mall. Xtreme Zone is considered the latest project of Al Othaim Leisure and Tourism company in the UAE.

Khalifa Fund Grants Emirati Entrepreneurs Association Financial, Technical Support
The Khalifa Fund for Enterprise Development, KFED, has recently awarded the Emirati Entrepreneurs Association, EEA, with a package of quality support programmes, including financial and technical support.

Etisalat To Invest AED4 Billion For Network Upgrade In 2019
Etisalat is set to invest AED4 billion in network upgrade in 2019, according to a senior executive.

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