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ABU DHABI NEWS

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Abu Dhabi Exports Office, Abu Dhabi Chamber To Help UAE Companies Increase Exports Globally
The newly established Abu Dhabi Exports Office, ADEX, and the Abu Dhabi Chamber of Commerce and Industry, Abu Dhabi Chamber, signed a Memorandum of Understanding, MoU, to cooperate on a series of initiatives.

US$1.65 billion in construction contracts for Dalma Gas offshore facilities
The Abu Dhabi National Oil Company, ADNOC, announced today it has awarded two contracts for the construction of offshore facilities for the Dalma Gas Development Project located about 190 kilometres northwest of Abu Dhabi city.

Barakah Nuclear Power Plant’s Unit 1 To Begin Operations
In a press conference in Abu Dhabi today, FANR said it also authorised Nawah to commission and operate Unit 1 of the nuclear power plant located in Al Dhafra, Abu Dhabi, under a 60-year licence.

18 Banks, Financial Companies Record Profits Of AED46.47 Billion In 2019
A total of 18 out of 19 national banks and financial companies registered in Emirati financial markets declared their financial figures for 2019, which highlighted an increase in their total net profits to AED46.47 billion.

Abu Dhabi Consumer Price Index Decreased 1.8% In January 2020
The Statistics Centre - Abu Dhabi, SCAD, reported on Sunday that the Consumer Price Index, CPI, decreased by 1.8 percent in January 2020, compared with the same month in 2019.

FAB Raises Over AED 3 Billion Within 3 Days, Via The Region’s First And Largest Financial Institution Sterling Bond And Its First Kangaroo Issuance Since 2014
FAB issued its inaugural three-year GBP 450 million (AED2.15 billion equivalent) fixed rate bond, under its USD 15 billion Euro Medium Term Note (EMTN) Programme.

Abu Dhabi Power Corporation Announces The Establishment Of The Largest Independent Thermal Power Plant In The UAE
Abu Dhabi Power Corporation (ADPower) and Japan-based Marubeni Corporation announced, today, the formation of a consortium to develop the Fujairah F3 independent power producer (IPP) project, which will be the largest independent thermal power plant in the UAE.

AED162 Million In Water Infrastructure Projects Approved
The new projects include the construction of a dam in Wadi Naqab, Ras Al Khaimah, valued at AED26.9 million and measuring 22 metres high and 257 metres wide, with a capacity of some one million cubic meters.

Hamdan Bin Zayed Participates In Mangrove Seedlings Planting On Al Aryam Island
Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Louvre Abu Dhabi And Theatre du Chatelet Present The World Premiere Of Singing Trees By Acclaimed Digital Artists Umbrellium
Launching in Abu Dhabi on 25 February 2020, Singing Trees illuminates the pressing need for environmental awareness in the age of climate change.

Aldar Net Profit Rises 7% To AED 1.98 Billion, Development Sales Increase 53% To Record AED 4.0 Billion
The Company’s Board of Directors recommended a cash dividend of AED 0.145 per share, representing a 4% growth on 2018’s dividend of AED 0.14 per share.

Abu Dhabi Ports Inks Long-Term Agreement With MSC Cruises
Abu Dhabi Ports announced a long-term agreement with MSC Cruises, giving the world’s largest privately-owned cruise line berthing rights at the Abu Dhabi Cruise Terminal and Sir Bani Yas Cruise Beach.

Aldar Net Profit Rises To AED1.98 Billion In 2019
Aldar Properties today announced that it reported a 7 percent year on year increase in 2019 net profit to AED1.984 billion, driven by growth across both its development and asset management businesses.

Sheikh Khalifa Medical City Recognised By American College Of Surgeons For Its Quality Surgical Care
The American College of Surgeons National Surgical Quality Improvement Programme, ACS NSQIP, has recognised Sheikh Khalifa Medical City, SKMC.

ADNIC Reports Net Profit Of AED284.3 Million In 2019
The Abu Dhabi National Insurance Company, ADNIC, today reported its full year financial results for the year ended 31st December 2019, announcing a net profit up 20.7 percent year-on-year to AED284.3 million.

ADFD, US International Development Finance Corporation To Exchange Knowledge, Expertise
Abu Dhabi Fund for Development, ADFD, today signed a Memorandum of Understanding with the United States International Development Finance Corporation, DFC, an independent agency of the US Government.

UAE Stocks Close In Green Monday
Against this backdrop, the Dubai Financial Market’s General Index closed high at 2765 points, a growth of 0.47 percent over the last session, with Abu Dhabi Securities’ Exchange following suit and closing up 0.06 percent at 5093.

Group 42 Offers AI, Supercomputing Capacity To Tackle Coronavirus Outbreak
Group 42, the UAE based AI and Cloud Computing company, has announced that it is offering high-throughput computational and AI services free-of-charge to scientific researchers working on any aspect of the 2019-nCoV outbreak.

DCD Signs Global Compact ’Cities4All’ To Make Cities More Accessible For ’People Of Determination’
DCD signed the compact with the Mayor’s offices of Barcelona and Helsinki, the International Union of Architects, Special Olympics Saudi Arabia, along with local civil society organisations such as Accessible AD and Services for Educational Development, Research and Awareness for Inclusion, SEDRA.

Mubadala’s World-Leading Pathologists, Clinical Scientists Share Knowledge
This is in line with NRL’s commitment to elevate the standards of laboratory services delivery and improve levels of care and patient outcomes in the UAE and regionally.

Rabdan Academy Showcases Its Academic Programs During The 6th UAE Education Interface Exhibition
Her Excellency Sheikha Dr. Shamma Bint Mohammed Bin Khaled Al Nahyan, Chairperson of Sheikh Mohammed Bin Khalid Al Nahyan Cultural and Educational Institutions, launched the event and delivered the opening speech.

UAE Central Bank To Develop New Consumer Protection Framework
The Central Bank of the UAE, CBUAE, announced on Monday that it would develop a new consumer protection framework in line with its mandate.

Abu Dhabi’s Department Of Health, UK’s Great Ormond Street Hospital To Exchange Expertise
The Department of Health - Abu Dhabi, DoH, has announced its partnership with UK’s Great Ormond Street Hospital for Children, GOSH.

ESMA To Enhance The Technical Capabilities Of Beauty Salon Inspectors In Abu Dhabi
During a working meeting held at ESMA HQ, Dubai, headed by Dr. Yousef Al Saadi, Director of Conformity Affairs department.

Yahsat Receives Commendation For Its Participation At National Science, Technology And Innovation (NSTI) Festival 2020
Ahmed Omran, Vice President of Corporate Communications, received an award of appreciation from the UAE Ministry of Education (MoE) for Yahsat’s participation in the 4th edition of National Science.

Airfield Lighting System Upgrade Completed At Abu Dhabi International Airport
This new state-of-the-art technology has been integrated with the Air Traffic Control (ATC) systems of the Southern Runway, while upgrade works to install a CAT-IIIB system on the Northern Runway continue to progress.

MoHAP Announces Two New Cases Of Coronavirus
The UAE Ministry of Health and Prevention, MoHAP, announced today two new cases of coronavirus, bringing the total number of cases to seven in the country.

Abu Dhabi Ports Doubling Visitor Capacity At Sir Bani Yas Cruise Beach With AED 100 Million Expansion
Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports, announced today plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach, off the coast of Abu Dhabi.

Aldar Prepares For Handovers On Reem Island And Yas Island
Other projects underway on Yas Island include Lea, which was first launched in April 2019 and features 238 plots directly to the north of Yas Acres.

Etihad Airway’s Recent Communication Achieves Cut-Through Among UAE Residents
YouGov BrandIndex data shows that Etihad Airways has achieved the greatest increase in Ad Awareness amongst brands tracked in the UAE in January 2020.

Warner Bros. World Abu Dhabi Introduces DC Super Hero Saturday
To kick off the exciting event, guests entering the theme park will be treated to a live performance, as a DJ spins the latest tunes to set the tone for a heroic day.

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