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EIBOR Up By 30.7-48.6 Percent Since Early 2018
The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) hit new highs of 30.7- 48.6 percent across all terms since the beginning of the year, according to the Central Bank of UAE figures.
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ADIB Raises AED 1 Billion In Successful Rights Issue Which Was More Than Five Times Oversubscribed
Following the close of the subscription period on October 9, the designated 464 million new shares will be fully allocated on October 16th.
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Innovation Significantly Contributes To UAE Economic Prosperity: Noura Al Kaabi
Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, has reaffirmed the role of innovation in contributing to the economic upswing in the United Arab Emirates.
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Sheikh Zayed Book Award Holds Cultural Seminar In Milan
The Sheikh Zayed Book Award, SZBA, hosted the second instalment in its series of international seminars in Milan on 5th October, as part of its commitment to advance Arab culture.
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ADNIC To Utilise Al Etihad Credit Bureau’s Services To Further Strengthen Its Credit Risk Management
In a pioneering move for the insurance industry, Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has announced it will utilise Al Etihad Credit Bureau (AECB) products.
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Intertrust Opens Office In Abu Dhabi Global Market
The new office in Abu Dhabi’s financial centre will expand Intertrust’s existing presence in the United Arab Emirates (UAE), and consolidate its position as one of the leading corporate services providers in the region.
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New Hotel Classification System For Abu Dhabi Hotels To Be Launched
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) has developed a brand new classification system for all hotels in the emirate, which will be rolled out for all establishments in the coming months.
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ADNOC And BHGE Form A Strategic Partnership to Improve Drilling Efficiencies And Grow ADNOC Drilling Into A Fully-Integrated Drilling And Well Construction Business
The Abu Dhabi National Oil Company (ADNOC or the Group) and Baker Hughes, a GE company (BHGE:NYSE), today signed a strategic partnership agreement that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling.
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DCT Abu Dhabi, Medical Tourism Association Sign MoU
The globally recognised event brings together experts and organisations from more than 100 countries worldwide and regularly attracts more than 10,000 visitors, approximately 200 exhibitors and sponsors and up to 100 hosted VIP buyers.
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’Multaqa Fikra’ Brainstorms Initiatives To Promote Children’s Literature
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) yesterday held a brainstorming session which aimed to promote children’s literature entitled ’Multaqa Fikra’ (Idea Forum), which featuredg an elite group of writers, painters and visual artists.
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First Foreign Space Agency Opens In Abu Dhabi
The French Embassy in the UAE today opened a representative office of the French space agency in Abu Dhabi (Centre National d’Etudes Spatiale, CNES) to be the first foreign space agency opening a representative office in the UAE.
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Prices On Average Decrease Across The Abu Dhabi Real Estate Market - Bayut Q3 Report
Mohammed Bin Zayed City is the most popular for apartment rentals in Q3 2018 where current prices for studios is AED 25k, 1-beds is AED 40k, and 2-beds are AED 58k.
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Amana, Regional Industrial And Modular Construction Leader, Sets Up Operations In KIZAD Construction City
Leveraging Khalifa Industrial Zone Abu Dhabi’s (KIZAD) strategic location, lower operating costs and optimal road networks, Amana, the regional industrial and modular construction leader, recently established a 50,000 sqm facility to serve the GCC construction market.
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Abu Dhabi Securities Exchange (ADX) Lists Aldar Investments $500million Sukuk
Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, together with Aldar Properties PJSC ("Aldar"), today rang the market opening bell to celebrate the listing of Aldar Investments’ new sukuk, marking the first corporate sukuk ever to be listed on the exchange.
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Salman Khan Returns To Shoot Bollywood Blockbuster In Abu Dhabi
Production has begun in Abu Dhabi on Bollywood blockbuster ’Bharat’, starring superstars Salman Khan and Katrina Kaif and directed by renowned filmmaker Ali Abbas Zafar. All three Indian icons previously worked together on the box office hit ’Tiger Zinda Hai’, which was also shot in Abu Dhabi.
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UAE MGov Page On Twitter Surpasses Mark Of 500K Followers
The Telecommunications Regulatory Authority, TRA, has announced that the UAE mGov page on Twitter has surpassed the mark of 500K followers.
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UAE Central Bank Announces M1 Decreases To AED488.1 Billion
The Central Bank has announced that the Money Supply aggregate, M1, decreased by 1.7 percent, from AED496.4 billion at the end of July 2018, to AED488.1 billion at the end of August 2018.
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UAE Increases Overall Annual Spending By 15.6%
The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 percent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products.
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Abu Dhabi Chamber discusses economic cooperation with South Africa
The Abu Dhabi Chamber of Commerce and Industry today discussed ways of promoting economic cooperation with a commercial delegation from South Africa, during a meeting that was held at its headquarters.
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DoT participates in International Road Federation conference in Denmark
The conference witnessed the participation of many countries, as well as United Nations representatives, experts and specialists in the transport sector, who discussed digital transformation of transport and mobility.
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Etihad Airways To Increase Frequency To London For The Festive Season
Effective 15 December 2018 - 13 January 2019, Etihad Airways will increase its flights from Abu Dhabi to London Heathrow, from three to four daily services, to meet peak demand this festive season.
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Hilton Capital Grand Won Best Design & Well-Maintained Hotel In UAE
Hilton Capital Grand Abu Dhabi is a winner of Arabian Travel Award 2018 for best Design & well-maintained hotel in UAE.
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Mansour Bin Zayed Witnesses Launch Of First ’"Youth 101’" Initiative
The initiative was organised by the Federal Youth Authority, FYA, and will witness the participation of over 4,000 young men and women from various regions of the country.
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Department Of Culture And Tourism - Abu Dhabi And Spark Foundry Partner With ADARA To Measure Digital Marketing Effectiveness
ADARA, the world’s leading travel data co-op, has announced a partnership with the Department of Culture and Tourism - Abu Dhabi (DCT) to create a private data co-op that utilises the measurement & analytics platform.
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Sign Up to Volunteer At 2019’s Biggest Sports And Humanitarian Event
People from across the UAE are encouraged to be part of history by signing up to be a volunteer at Special Olympics World Games Abu Dhabi 2019.
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UAEREP To Integrate Awardee Projects Into Unified Multi-Component Atmospheric Model
Aimed at improving cloud seeding methods through leveraging the research findings of awardee projects, the collaborative scientific venture will increase the accuracy of weather forecasts related to clouds amenable to seeding operations in the UAE.
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Up To 2181 Buildings Completed In Six Months
A total of 2,181 buildings were completed during H1 of 2018, a growth of 5 percent over the same period in 2017, according to figures released by the Statistics Centre - Abu Dhabi (SCAD) today.
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