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ABU DHABI NEWS

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Over 10,000 Guests Visit Louvre Abu Dhabi On International Museum Day
More than 10,000 guests, made up of children, families and other art enthusiasts, including visitors from abroad as well as UAE residents, visited Louvre Abu Dhabi on 18th May, as the global community of cultural institutions celebrated the International Museum Day.

UAE ’Think Science’ Youth Win ’UN Sustainable Development Goal Award’
Twelve young Emiratis recently participated in the ’Intel International Science and Engineering Fair’, Intel ISEF, a global pre-college science competition which took place in Phoenix, Arizona, US.

ADNOC Abu Dhabi Marathon Reveals World-Class Prize Fund
The prize fund - which is one of the world’s largest - totals over $388,000 and has been increased for all race categories in this year’s ADNOC Abu Dhabi Marathon.

Etisalat Exclusively Offers Microsoft’s Latest Xbox One S All-Digital Edition In UAE
Etisalat is set to thrill UAE gamers with its exclusive launch of the Xbox One S all-digital edition, which is now available across all Etisalat stores in the UAE, through www.etisalat.ae, and My Etisalat UAE app.

Mohamed Al Suwaidi Appointed CEO Of Abu Dhabi Development Holding
The Board of Directors of Abu Dhabi Development Holding Company, ADDHC, chaired by H.H. Sheikh Tahnoun bin Zayed Al Nahyan, today announced the appointment of Mohamed Hassan Al Suwaidi as Chief Executive Officer.

Sandooq Al Watan, MBRU Partner To Promote Research Into Autism Spectrum Disorder
Sandooq Al Watan, the national initiative launched by prominent Emirati businessmen to support research projects for the post-oil era, is partnering with the Mohammed Bin Rashid University of Medicine and Health Sciences, MBRU, to promote research into Autism Spectrum Disorder, ASD.

Central Bank Pumps AED7.3 bn During March
The Central bank of the United Arab Emirates has injected AED7.3 bn in cash to the financial system in March to boost liquidity and compensate banks for the considerable amount of funds withdrawn out of excess liquidity in the market over the recent period.

Sheikh Zayed Grand Mosque Centre Launches ’Jusoor’ Initiative
The Sheikh Zayed Grand Mosque Centre announced the launch of its "Jusoor" initiative during the Holy Month of Ramadan, as part of its efforts to bridge the gap between religions and cultures, and to promote harmony.

Sheikh Zayed Book Award Invites Nominations For Its 14th Edition
The 14th edition of the Sheikh Zayed Book Award, SZBA, has begun accepting nominations for 2019-2020.

AED13.3 bn Loans To Industrial, Business Sectors By UAE National Banks In Three Months
The financing accounts for 87 percent of the total loans provided by all UAE-based banks to the two sectors, estimated at AED805 bn by the end of March, according to the Central Bank of UAE.

ADGM Updates Guide On Crypto Asset Activity Regulations
The Financial Services Regulatory Authority, FSRA, of the Abu Dhabi Global Market, ADGM, has updated its "Guidance for the Regulation of Crypto Asset Activities", the second edition to the initial guide published on 25th June, 2018.

Mawaqif Parking Ticket To Be Used In All Parking Bays In Abu Dhabi
The Integrated Transport Centre, ITC, in Abu Dhabi has announced that premium parking tickets can be used in all premium and standard parking bays in Abu Dhabi.

Abu Dhabi International Airport Enhances Its Family-Oriented Facilities
Abu Dhabi Airports installs kids play areas and baby changing rooms at AUH

First Abu Dhabi Bank Partners With MoneyGram To Launch Services On Payit Mobile App
First Abu Dhabi Bank has partnered with MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer and payment services, to launch the latter’s services through the bank’s payit mobile wallet in the United Arab Emirates (UAE).

ADNOC Distribution Announces Five-Year Expansion Plan
The company plans to increase the number of stations in Dubai over the next five years, by constructing a total of 75 new stations, equivalent to 15 new stations per year, he added.

Khalifa University Student Team Achieves Remarkable Success At DBF 2019 In US
The team designed and developed an unmanned, electric-powered, radio-controlled aircraft that successfully completed all three mandatory missions at the international competition in which participants included some of the top universities in the world.

Tadweer Inaugurates Aaber Smart Gate At Al Dhafra Landfill
Abu Dhabi Waste Management Center (Tadweer) has installed the Aaber Smart Gate access control system at Al Dhafra Landfill to automate access and fee collection from waste transportation vehicles using the facility.

ADIB Postpones Instalments On Personal Financing During Ramadan
Abu Dhabi Islamic Bank, ADIB, has postponed monthly instalment for its personal finance customers at ’no extra charge’ during the holy month of Ramadan.

AED9.6 bn In Credit Facilities For Service, Non-Profit Organisations In Three Months
Figures recently released by the Central Bank of UAE indicate the steady rise in the total financial assistance received by this sector which amounted to around AED148.8 bn in 2018 against AED138.3 bn in 2017.

Abu Dhabi Trade In Aluminum, Copper Hits AED3.4 bn In January, February
The trade in the two metals accounts for 9.5 percent of the emirate’s total non-oil trade volume during the two months, which is valued at AED35.8 bn.

ATMs Up To 5,279 By End Of March
The continued rise in ATMs across the country reflects the UAE banking sector’s commitment to forging ahead with its plans to automate services in a way that optimises costs and streamlines business.

Bilfinger Middle East Awarded Series Of Multi-Million Dollar EPC Contracts In Abu Dhabi Downstream Sector
The Abu Dhabi National Oil Company (ADNOC) has awarded Bilfinger three separate projects in the first quarter of 2019.

TAQA Records AED 4.3 Billion Of Revenue In Q1 2019
TAQA’s oil and gas division achieved production for the first quarter of 2019 of 126.7 mboe/d, a slight increase compared to 123.8 mboe/d in Q1 2018.

Zayed Higher Organisation, Al Jalila Foundation Celebrate Graduation Of ’Ta’alouf’ Programme
In implementation of the MoU signed with Al Jalila Foundation, with the aim of enhancing cooperation and partnership to ensure the expansion of the programme scope.

ADCB Reports Q1 Net Profit Of AED1.152 bn
Abu Dhabi Commercial Bank PJSC today released its Q1-2019 financial results, reporting strong operating performance underpinned by robust growth in gross interest and Islamic financing income and non-interest income.

UAE National Banks’ Capital Adequacy Ratio Up To 17.5 Percent By End Of March
The UAE national banks’ solvency hit a three-year high, with the capital adequacy ratio (tier 1 + tier 2) standing at 17.5 percent by the end of March 2019.

Hazza Bin Zayed Launches Abu Dhabi Government Media Office Brand
The mission of the Abu Dhabi Government Media Office, ADGMO, is to communicate the Abu Dhabi Government’s vision, shining a light on the latest developments as well as showcasing the Emirate’s unique values and traditions, especially through digital platforms.

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