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ABU DHABI NEWS

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Abu Dhabi Fund For Development Conducts Exploratory Meeting With Government Of Maldives
His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), welcomed the non-resident Maldivian Ambassador to the UAE, His Excellency Abdullah Hamid, to discuss renewed UAE-Maldives bi-lateral relations.

Melbourne City FC’s First Ever Trophy Arrives In Abu Dhabi
Young players at City Football Schools in Abu Dhabi got their hands on a famous trophy in the form of the FFA Cup won by Melbourne City FC in Australia.

Central Bank Approves Requests Of A Number Of Banks To Expand Activities And Open New Branches
The Board of Directors of the Central Bank of the UAE has approved a number of applications of banks and other financial institutions working in the UAE to expand their activities and open new branches.

Bawadi Mall Launches Special Winter Offers And Entertainment
Bawadi Mall, one of the prominent tourism destinations in Al Ain, continues its special winter offers by launching a series of performances that will continue until 30 December.

Al Wahda Mall Spreads Festive Cheer In The Mall And Beyond
Al Wahda Mall, an Iconic landmark & favorite shopping destination located in the heart of Abu Dhabi city, is activating new and unique activations at its premises to spread good cheer and convey the season’s greetings this Festive season. Activated from the 18th of December.

Gulf Capital Closes Its Second Private Debt Fund Above Its $250 Million Target
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, today announced the successful final close of its second private debt and mezzanine fund, Gulf Credit Opportunities Fund II, over its target cover of US$250 Million (AED925 million).

Second Abu Dhabi Competitiveness Report 2016 launched
Due to the dramatic drop in oil prices in 2014, the decline in the emirate’s growth expectations is inevitable, but such decline is expected to be mitigated by the contribution of non-petroleum commodities sectors which will reduce the impact of the decline in oil prices.

Foreign Investors Acquire AED2.97 Billion Worth Of Shares On ADX
The value of shares bought by foreign investors registered at the Abu Dhabi Securities Exchange in November 2016, amounted to AED2.97 billion, constituting 48.3 per cent of the total trading value.

Masdar Launches 5th International ’Engage’ Blogging Contest
Abu Dhabi’s renewable energy company, Masdar, has launched its fifth annual international ’Engage’ blogging contest ahead of the Abu Dhabi Sustainability Week, ADSW, 2017, in January.

Emirates Islamic and Emirates Foundation join forces to support youth development and boost talent pipeline in UAE
Emirates Islamic and Emirates Foundation have joined forces to identify, attract, and develop critical talent to support the growing need for qualified youth in the private sector, particularly the banking industry.

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