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ABU DHABI NEWS

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Equity Investment Model ’Protects And Promotes Competition’, Says Etihad Airways Chief
Etihad Airways’ equity investment model has created a new force in global air travel, which protects and promotes competition, said the airline’s President and Chief Executive Officer James Hogan, in a speech in Melbourne today.

Africa Targeted For Latest Abu Dhabi Tourism Drive
Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) will be joined by key attractions and hotels at the World Travel Market Africa 2016 (WTM Africa) next month to capitalise on the surging growth in visitor numbers from the country into the emirate.

Masdar City’s Growing Status As ’Innovation Ecosystem’ Driving Future Expansion
Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, will undergo significant expansion over the next five years driven by its emergence as a hub for R&D and the commercialisation of clean technologies.

Senaat’s Revenues Exceeds AED 14 Billion And EBITDA At AED 2 Billion In 2015
The increase in revenues reflects a stronger commercial performance across the Group’s portfolio despite the slowing global economy and its effect on the regional and local markets. The Group also succeeded in maintaining its EBITDA at approximately AED 2 billion for FY 2015.

ADM Undertakes Projects Casting Over AED 30 Million To Build Children Playgrounds During 2015-16
These projects, which come as part of the Master Development Plan of Abu Dhabi and suburbs 2030, reflect the Municipal System’s keenness and strategy aimed at developing infrastructure system of all cities and constructing parks and playgrounds.

AED 850 million new tourist and entertainment destination unveiled in Abu Dhabi
The new Abu Dhabi project will be located on 2.4 kilometres of waterside land in the Maqta area and is expected to be completed in the second quarter of 2018.

Laying Of The Foundation Stone Of The Lycee Theodore Monod Building On Saadiyat Island
The French Ambassador to UAE, HE Michel Miraillet laid the foundation stone on the development site of the "Lycee Theodore Monod" in the presence of His Excellency Nasser Bin Ahmed Al Suwaidi, Chairman of the Board of the National Bank of Abu Dhabi Management.

Asian Development Bank: Growth is Slowing Across Much Of Developing Asia
Growth is slowing across much of developing Asia as a result of the continued weak recovery in major industrial economies and softer growth prospects for the People’s Republic of China (PRC).

FGB’s Commercial Banking Segment Hosts Risk Management Seminar
The seminar was hosted by FGB’s Commercial Bank, a division of the Wholesale and International Banking Group, which presented an overview of risk management and the bank’s treasury and trade finance products to clients during the session, and led by speaker, Simon Rogers, Managing Director at Swaps.

Image Nation Autism Documentary ’As One’ To Be Released In UAE Cinemas
A moving film documenting a diverse group of young children with Autism in the UAE is set for worldwide release this week.

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