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ABU DHABI NEWS

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New Reprocessing Polymer Facility to start in KIZAD
Combining cutting-edge technologies and expertise, Gulf Compound Blending Ind. Ltd, a joint venture company from Italy, will re-process waste and non-prime materials in the UAE to create new polymer products.

Sharjah’s industrial production touched AED41 billion in 2018
Industrial production in Sharjah reached AED41 billion last year, according to the Sharjah Economic Development Department, SEDD.

DoH Launches State-Of-The-Art Website At Arab Health 2019
Department of Health-Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate of Abu Dhabi, today launched their inspiring new website powered by Artificial Intelligence (AI) during Arab Health 2019.

Aldar’s Saadiyat Homes Approaching Completion
Mamsha Al Saadiyat and Jawaher Al Saadiyat set for mid-year handovers.

UAE and Saudi Arabia announce launch of common digital currency ’Aber’
The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) today announced in a joint statement the launch of the common digital currency project ’Aber’, which will be used in financial settlements between the two countries through Blockchains.

ADGM elected as one of two Director Institutions for FinTech Cooperation Committee
Abu Dhabi Global Market, ADGM, has been elected as one of the Director Institutions to the new FinTech Cooperation Committee, FTCC, established by the Asian Financial Cooperation Association, AFCA.

Gulf Capital Successfully Exits its Investment in Amana Healthcare
Healthcare services are expected to continue to benefit from both the overall growth in healthcare spending, as well as the increasing preference of healthcare regulators towards high-quality, private providers for certain specialised services.

ADCB posts annual net profit of AED4.840 bn in 2018
Abu Dhabi Commercial Bank PJSC reported net profit of AED4.840 billion for the fiscal year 2018, up 13% on year.

ADCB, UNB and Al Hilal Bank to combine to create a powerful UAE banking group
The UAE banking sector is set to have a powerful new banking group following the decision of Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) to merge and together to acquire Al Hilal Bank.

Orion Health and Abu Dhabi Health Data Services Announce Partnership to Deliver the First Health Information Exchange in the Middle East
The access to the centralized patient records will provide physicians with a tool to make well informed, fast decisions, enhance patient safety, reduce the duplication of diagnostic procedures and ultimately improve the quality of care and outcomes.

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