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ABU DHABI NEWS

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Central Bank Raises Interest Rates By 25 Basis Points
The Central Bank of the UAE (CBUAE) has announced that effective Thursday, 14 December, 2017, it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar.

ADGM-Regulated $2 Billion First Feeder Fund For India Launched
Next Orbit Ventures (NOVF) ESDM, the newly launched Abu Dhabi-based fund established under the Abu Dhabi Global Markets (ADGM) jurisdiction, has announced the launch of US$2 billion fund for building semiconductors and electronics fab ecosystem in India.

ADNEC Promotes Capital’s MICE Infrastructure At Leading Global Industry Events
Abu Dhabi National Exhibitions Company (ADNEC) has participated in several highly-targeted international events to promote the infrastructure of Abu Dhabi’s state-of-the-art Meetings, Incentives, Conferences and Exhibitions (MICE ).

ADNOC IPO Draws 12,000 Investors From 73 Nationalities: ADX CEO
ADNOC IPO was a tremendous success and drew a very strong response from investors, according to Rashed Al Baloushi, CEO of Abu Dhabi Securities Exchange.

Gulf Capital Closes Three New Growth Capital Transactions In Egypt, Africa And Turkey
Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, today announced that its Private Debt Fund, Gulf Credit Opportunities Fund II.

Aldar Supports Region’s Hotel Investor Summit As Giohis Returns To Abu Dhabi
Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, will once again support the Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS) as Founding Patron when it returns to Abu Dhabi for the third consecutive year.

Abu Dhabi Forum Presents Advances And Innovative Solutions In Fight Against Childhood Obesity
The fight against childhood obesity has found strong and determined allies in both public and private sectors globally, and has spurred new approaches aimed at addressing the growing cases of obesity among children throughout the world.

Tomorrow Is The Kick-Off For The First Ever Dar Al Zain Festival
The final preparations are now underway for the launch of the first ever Dar Al Zain Festival, a ten-day family event taking place in Al Ain Convention Centre, Al Ain from Thursday 14th - Saturday 23rd December.

CNBC Unveils Plans For Middle East Headquarters In Abu Dhabi
CNBC, the business and financial news network, today unveiled plans for a Middle East Headquarters in Abu Dhabi. The network will begin broadcasting from a new studio at Abu Dhabi Global Market, ADGM, in the first quarter of 2018.

Etihad Airways Announces Casablanca As New Boeing 787 Dreamliner Destination
Etihad Airways is to operate its flagship Boeing 787 Dreamliner on the Abu Dhabi - Casablanca route, effective 1 May 2018.

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