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ABU DHABI NEWS

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ADNOC Distribution Announces Reduced Retail Price Of Unsubsidised LPG Cylinders For January
ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of January, 2016.

Sawab Center Launches (#Deludedfollowers) Campaign To Expose Daesh’s Methods Of Recruiting Foreign Fighters
The Sawab Center, a joint initiative by the UAE and the United States to fight Daesh’s extremist ideology online, has launched a new campaign via its Twitter and Instagram platforms under the hashtag #DeludedFollowers.

FGB Acts As Joint Financial Advisor To NMC Health For The Acquisition Of A Majority Stake In Fakih IVF
One of the leading banks in the UAE, acted as Joint Financial Advisor on behalf of NMC Health, for the acquisition of a 51% shareholding in Fakih IVF Group for USD 189 million.

Gulf Capital Announces the First Closing of its Second Credit and Mezzanine Fund, GC Credit Opportunities Fund II, at AED 644 Million
Gulf Capital, one of the leading alternative investment firms in the Middle East, announced today that it has raised US$175 million (AED 644 million) for the first closing of its second credit and mezzanine fund, Gulf Credit Opportunities Fund II. The Fund targets a final close of US$250 million (AE

Road Traffic Fatalities Caused By Speeding Down By 27%In The Emirate Of Abu Dhabi In 2015
Road traffic deaths caused by speeding decreased by 27% in the emirate of Abu Dhabi during 2015 compared to 2014, and serious injuries resulting from accidents caused by over speeding declined by 49%.

Gulf Capital Raises AED 644 mn For Second Credit Fund
The Fund targets a final close of US$250 million (AED 925 million), with a hard cap of US$300 million (AED 1.11 billion).

Chef From The St. Regis Saadiyat Island Resort To Represent UAE At Global Chefs Challenge Final In Greece
The St. Regis Saadiyat Island, Abu Dhabi continues to lead the region with its culinary experiences, with one of its chefs winning the Africa/Middle East regional semi-final last month.

Abu Dhabi Air Expo 2016 Reveals Prestigious Line- Up Of Sponsors
Al Bateen Executive Airport, the only dedicated business aviation airport in the region; today announced prestigious sponsors for Abu Dhabi Air Expo 2016.

Abu Dhabi International Airport Installs New Technology To Enhance Passenger Experience
The technology transformation is part of Abu Dhabi Airports’ preparations for AUH reaching a capacity of 45 million passengers by 2017.

Abu Dhabi Ports Sets Annual Cargo Volume Record For 2015
Abu Dhabi Ports, the master developer, operator and manager of ports and the Khalifa Industrial Zone, KIZAD, in the emirate, set a new annual cargo-volume record in 2015, surpassing the previous record set in 2014.

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