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CBUAE To Downgrade The License Of The Few Exchange Houses
Central Bank of the UAE announced that it has decided to downgrade the license of the following exchange houses to deal in sale and purchase of foreign currencies and travelers cheques only.

Abu Dhabi Fund For Development Approves AED40 Million Concessionary Loan For Rural Electrification Project In Uganda
Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has approved an AED40 million concessionary loan for the development of a rural electrification project in Kalongo in Uganda.

NYU Receives $500,000 Grant To Support Arabic Collections Online
New York University Libraries, a leader in digital library development, today announced that the philanthropic foundation Carnegie Corporation of New York has made a grant of $500,000 to support Arabic Collections Online (ACO).

ADM Achieves 90% Reduction In Walk-In Customers Seeking Building Permits
The Municipality is taking steady steps towards digital transformation in line with a systematic plan that will eventually lead to total automation of all services, especially the most services in demand by customers.

ADIB Named World’s Best Islamic Bank By FT’s The Banker Magazine
ADIB, a leading financial institution, has won the title of World’s Best Islamic Bank’ in The Banker Magazine’s awards for Islamic banks in 2018, the highest accolade that the Financial Times-owned publication awards to Islamic banks.

Recent Openings At The Mall At World Trade Centre Transform Retail Mix
The Mall at World Trade Center (The Mall at WTCAD), the mixed-use urban centre located in the heart of downtown Abu Dhabi, has transformed its retail mix with the addition of 17 new, authentic home-grown brands and popular international outlets to its 230-strong collection of brands.

Masdar City’s Etihad Eco-Residence Wins EmiratesGBC MENA Green Building Award 2018
Masdar City’s Etihad Eco-Residence has won the Green Residential Building award at the Emirates Green Building Council (EmiratesGBC) Middle East and North Africa (MENA) Green Building Awards 2018.

AED300.5 billion in credit facilities to realty, construction sector by end of Q1
Up to AED300.5 billion in bank credit facilities was provided to the realty and construction sector in the UAE by the end of Q1 2018, a growth of 12.5 percent of from AED267.02 billion in the same period in 2017.

Abu Dhabis landmarks bathed in green lights in support of UAE-Saudi Strategic Partnership
Key landmarks in the UAE capital were bathed in green lights and colour in support of the maiden meeting of the Saudi-Emirati Coordination Council.

FAB receives CMA approval to cancel its license to market non-Omani securities in Oman
First Abu Dhabi Bank (FAB) has received approval from the Capital Market Authority, Sultanate of Oman on its request to surrender its license to market non-Omani securities in Oman.

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