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ABU DHABI NEWS

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Etihad Aviation Group To Donate 150,000 Meals To Charity Every Year
Etihad Aviation Group has launched a community programme that will deliver 400 meals per day to charity. The initiative will be held throughout 2018 and beyond, with approximately 150,000 meals to be donated every year.

Al Wifaq Finance Company Receives Two Awards From The World Finance
Al Wifaq Finance Company Managing Director and UNB CEO, Mr. Mohammad Nasr Abdeen has been conferred with the ’Islamic Banker of the Year’ Award while Al Wifaq Finance Company has been honored with the "Most Innovative Islamic Finance Solutions Award" at the World Finance Islamic Banking Awards.

Eyal Zayed Launch New Phase Of ’Smart’ Volunteer Work
The latest volunteer initiative will use smart technologies to mobilise volunteers in different countries, attract the youth, and enable them to reach out to larger segments of their communities, with the help of local volunteer institutions.

AED1.72 Billion Gold Reserves In CBUAE
The value of the UAE Central Bank’s reserves of gold bars rose to around AED1.72 billion during Q1 of 2018, a growth of 6.6 percent from AED1.099 bn during the corresponding period 2017.

Ministry Of Defence Organises Year Of Zayed Exhibition
Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, has opened the ’Year of Zayed 2018’ exhibition, organised by the Ministry of Defence at its headquarters in Abu Dhabi, to mark the 100th birthday of the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan.

Abu Dhabi University Board Of Regents Approves Launching 9 New Future Academic Programs
Abu Dhabi University (ADU), an internationally recognized academic institution for quality education and applied research, today announced the launch of nine new bachelor’s and master’s programs for the 2018 semester in line with its sustained commitment to addressing the UAE market demand.

UAE Central Bank announces M1 increase to AED 517.4 billion
The Central Bank has announced that the Money Supply aggregate M1 increased by 1.3 percent, from AED510.6 billion at the end of March 2018 to AED517.4 billion at the end of April 2018.

AED48.572 Billion Actual Expenditure Of Federal Government In 2017
The actual expenditure of UAE federal government departments amounted to AED48.572 billion during 2017, with a 100 percent execution rate, according to the financial performance report issued by the Ministry of Finance.

ADFCA Launches Your Food Safety Initiative
As part of its initiatives being held during the Year of Zayed, the Abu Dhabi Food Control Authority (ADFCA) has launched ’Your Food Safety’ initiative, which it is the first of its kind in the region for training the housemaids and housewives on basics of food safety.

AED7.9 Billion Net Income Of Abu Dhabi-Based Banks In Three Months
The net income of Abu Dhabi-based commercial and Islamic banks amounted to around AED7.9 billion during Q1 2018, up 2.8 percent over the corresponding period of 2017.

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