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ABU DHABI NEWS

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Abu Dhabi Finance To Launch New Mortgage Solution For Prospective Home Buyers At Aldar’s Al Raha Beach
The limited availability product offers a low fixed interest rate of 6.99 per cent for the first six months, followed by a discounted variable rate, 1 per cent lower than prevailing interest rates for 1 year.

The Art Of Racing Kicks Off Live In Abu Dhabi
The Art of Racing creates a fusion between motorsport and art, showcasing the country’s finest artistic talent in public locations across Abu Dhabi in the lead up to the race on November 1, 2009.

Abu Dhabi Tourism Authority Processes Almost One Thousand Entertainment Licences In A Month Of On-Line Application Launch
ADTA’s Tourism Standards division has pioneered ground-breaking on-line initiatives over the past year with its world-class hotel accommodation classification system featuring the global industry’s first e-class on-line application and tracing system which allows for system-wide transparency.

Baniyas Investment And Development Signs Up Carrefour At Bawabat Al Sharq Mall
Construction of the hypermarket has already commenced, and it is expected to be officially inaugurated with the mall in December 2010.

Minister Of Economy, EBA Discuss Domestic Economy Situation
The meeting, the EBA added, had also stressed the need for reviewing and updating select commercial legislations dealing with the banking operations to keep abreast of the latest industry developments.

Bloom Gardens Wins Award In The Category Of “Best Residential Development" By CNBC Arabian Property Awards 2009
Commenting on the award, Dr. Hani Shammah, CEO of Bloom, said: “We are extremely proud to be announced winners of this award, which reflects the strategic vision and the leading role that Bloom represents.

President Confers First Degree Independence Order On UNESCO Director General
His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of Abu Dhabi Crown Prince Court decorated the order on UNESCO’ Director General, when he received him at his palace in Al Ain today evening.

Award-Winning Azazel To Be Published In Six European Languages Next Year
Toby Mundy, publisher of Atlantic Books, commented:"We are tremendously pleased to have become this book’s UK publisher and grateful to the IPAF for their support.

Tag Heuer Launches Abu Dhabi Limited Edition Watch For The Racing Aficionado
The watch represents a new advancement in TAG Heuer’s exclusive Calibre S movement. The revolutionary Calibre S has been further evolved to create a unique motor–racing inspired mechanism.

TAQA Completes Acquisition Of DSM Energy
The enterprise value of the transaction as of 1 January 2009 is EUR 285 million. Most of the value is assigned to interests in the midstream assets.

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