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ABU DHABI NEWS

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Abu Dhabi Capital Management Announces Final Closing of Secondary Private Equity Fund Final Closing at USD 45 Million
Abu Dhabi Capital Management has announced the final closing of its first fund; the ADCM Secondary Private Equity Fund closed at USD 45 million, three months after its launch in March 2011.

Research Paper Of ALHOSN University Professors Wins Outstanding Research Award At Costa Rica Conference
Prof. Abdul Rahim Sabouni, Vice Chancellor and CEO, ALHOSN University, said, "On behalf of the university, I congratulate Dr. Somkiat and Dr. Candy on winning this prestigious award, which contributes to ALHOSN University’s stature at the international level.

Australian Adventure Awaits Emirati Students
Thirty Emirati students have set sail for Bendigo in Victoria as part of a ’Summer Abroad Programme’ that will see them enjoy the very best of Australian culture and its unique lifestyle.

du Repays AED 3 Billion Loan Facility
The loan, due for repayment on 30 June 2011, has been repaid to the syndicate of 16 banks, using a combination of existing financing facilities and cash.

National Centre For Meteorology Warns Against Reduced Visibility, Rough Sea
Visibility has been largely reduced in the Abu Dhabi, Dubai, Sharjah and Western areas thanks to a thick blanket of fog and dust funneled to the country from Southern Iraq, according to the National Centre for Meteorology and Seismology (NCMS) NCMS.

ADU Offers 29 Undergraduate And Postgraduate Programs, Including New Programs In Health Sciences, Business Administration, Engineering and Special Education
Currently, Abu Dhabi University offers 20 undergraduate programs, and 9 postgraduate programs. Eight programs were accredited and launched in the last year.

Torresol Energy Wins ’Commercialized Technology Innovation Of The Year’ CSP Award
Torresol Energy, a joint venture between Masdar – Abu Dhabi’s leading future energy company – and SENER, the leading Spanish engineering and technology group, received the ‘Commercialized Technology Innovation of the Year’ CSP Today US award.

Etihad Rail Awards Contract For Railway Sleepers
Etihad Rail - the master developer and operator of the UAE’s national railway network - announced today a contract award to PCM Strescon Overseas Ventures Limited (PCM Strescon) for the provision of railway sleepers.

SCAD Releases Bulletin On Hotel Industry In Emirate Of Abu Dhabi For 2009/2010
Abu Dhabi issued its bulletin on hotel establishments in the Emirate of Abu Dhabi for the period 2009/2010, which includes the latest economic indicators related to the hotels and tourism sector in all regions of the emirate during the past two years.

Insurance Premiums Up To AED 22 Billion In 2010
The total volume of underwitten insurance premiums in the UAE reached AED 22 billion in 2010, a 10 percent increase when compared with 2090, while the total invested funds in the scetor rose to AED 27.6 billion, according to a report by the Insurance Authority.

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