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ABU DHABI NEWS

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Gulf Capital Signs Strategic Partnership With Emirates Wildlife Society In Association With WWF To Support Environmental Education And Conservation In The UAE
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today a long-term platinum corporate membership with Emirates Wildlife Society in association with WWF (EWS-WWF).

Industrial Development Bureau Releases H1 2017 Report
A report by the Industrial Development Bureau, IDB, has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion.

Aldar Properties Announces 5% Increase In Gross Profit For H1 2017
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the first half of 2017, recording a 5 percent increase in gross profit to AED1.29 billion, up from AED1.23 billion in the first half of 2016.

Foreign Investments At UAE Stock Markets Hit AED104.5 Billion In July
The market capitalisation of foreign shares at UAE stock markets continued their rising streak for the second month running, surging to AED104.5 billion during July, a growth of 5.5 percent over the month of June.

Etihad Airways Introduces Boeing 787 On Seoul Incheon Service
Etihad Airways has introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi, the capital of the United Arab Emirates (UAE), to Seoul. The aircraft touched down this morning at the South Korean capital’s space-age Incheon International Airport.

Central Bank pumps AED11.3 billion in liquidity in June
A total of AED11.3 billion in cash was pumped by the UAE Central Banks through banks operating in the country during June, which accounts for 35.7 percent of AED31.6 billion in total funds provided by the bank throughout 2016. The move reflects the rising demand for credit in the market.

Majid Al Futtaim And Al Jazira Club Announce Partnership To Invest AED 1.4 Billion In New Shopping Destination, City Centre Al Jazira
Abu Dhabi’s retail and entertainment sectors are set for further growth following the announcement of the first-ever City Centre mall in the UAE capital.

Abu Dhabi University attracts students of all nationalities and cultural backgrounds
Abu Dhabi Universiity (ADU), set to launch a new campus in Dubai with the start of the upcoming fall semester, continues attracting students of diverse nationalities and cultural backgrounds in preparation for the 2017-2018 academic year.

ADX Launches New Mechanism For Employees’ Equity Incentives
The Abu Dhabi Securities Exchange has requested all listed companies to disclose the agendas and outcome of their board meetings which discuss the possibility of awarding shares to their employees in form of equity incentives.

Abu Dhabi’s Hotel Guest Arrivals Surge By 30 Percent In June
Abu Dhabi recorded a remarkable 30 percent increase in the number of hotel guest arrivals this June, compared to the same month in 2016, boosted by an exceptional Eid Al Fitr period, which saw many premium hotels fully booked.

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