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ABU DHABI NEWS

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Adopting Space Law Will Reinforce UAE’s Regional, International Leadership, Competitiveness In Space Sector: Ahmad Belhoul Al Falasi
Dr. Ahmad bin Abdullah Humaid Belhoul Al Falasi, Cabinet Member, Minister of State for Higher Education and Advanced Skills and Chairman of the Board of Directors of the UAE Space Agency.

UAE Cabinet Approves AED180 Billion ’Zero-Deficit’ Federal Budget
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, today chaired the UAE cabinet meeting, where a zero-deficit federal budget of AED180 billion for the next three years was approved.

DCT Abu Dhabi In Collaboration With SUAD Organises Lecture Celebrating World Translation Day 2018
Organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and in celebration of the upcoming International Translation Day, the Kalima Translation Project in collaboration with Sorbonne University Abu Dhabi (SUAD).

Roads of Arabia to open 8th November at Louvre Abu Dhabi
The exhibition will explore the rich history of the Arabian Peninsula through archaeological and cultural artefacts, including a selection of rare pieces from the United Arab Emirates.

ADM receives Department of Energy delegation
Abu Dhabi City Municipality has briefed the Department of Energy on the consultancy offices and contracting companies classification mechanism, along with the requirements of the classification processes.

Abu Dhabi taxi fleet increased to 800
Emirates Transport Taxi, a subsidiary of Emirates Transport, has boosted its fleet of vehicles Abu Dhabi to 800 taxis.

Businesses Registered For Tax Urged Not To Disclose Information To Anyone Not Officially Authorised By The Federal Tax Authority
The Federal Tax Authority (FTA) has reiterated its call for registered businesses not to disclose their tax information to any individual or organisation not officially authorised by the FTA to handle this data.

RAKEZ Surprises Clients With A New Service Centre In Abu Dhabi
Ras Al Khaimah Economic Zone (RAKEZ) continues to level up its client support with the opening of its Service Centre - Abu Dhabi on the 3rd Floor of Abu Dhabi Mall’s West Tower. From visa, licensing, and leasing services to an array of support services.

Mansour Bin Zayed Launches Smart App For ADJD Officers
The new application will allow officers to carry out multiple tasks, including the issuance of eviction notices electronically.

Khalifa Fund Organises Second Tawasul Forum For 2018
The forum is part of a series of qualitative initiatives organised by the fund to promote and encourage entrepreneurship, foster a spirit of innovation and support SMEs in the country.

CBUAE Raises Interest Rates In Line With US Federal Reserve
Certificates of Deposit, which CBUAE issues to banks operating in the country, are the monetary policy instrument through which changes in interest rates are transmitted to the UAE banking system.

Abu Dhabi Ports Showcases KIZAD Logistics City To Global Industry At FIATA World Congress
Abu Dhabi Ports and its business subsidiary, Khalifa Industrial Zone Abu Dhabi (KIZAD), showcased their innovative logistics products at FIATA World Congress this week.

Central Bank Raises Interest Rates To Its Certificates Of Deposits
At a meeting held yesterday, the Repo Rate applicable to borrowing short term liquidity from CBUAE against Certificates of Deposits has also been increased by 25 basis points.

ADNOC Distribution Board Approves AED 735 Million Dividend
ADNOC Distribution’s Board of Directors has approved a resolution recommending payment of an interim dividend of AED 735 million (AED 0.0588 per share), which will be submitted to a vote of the shareholders at a General Assembly Meeting in Abu Dhabi on October 14, 2018.

ADNOC Group CEO Participates In Annual Bloomberg Global Business Forum
Held in New York, alongside the UN General Assembly, the forum encourages presidents, prime ministers and CEOs to collaborate on economic issues by reaching a better understanding of the mutual opportunities to strengthen global prosperity.

Khidmah UAE And KSA Awarded Global Standard Certifications
The ISO and OHSAS certifications give Khidmah visibility to measure, monitor and manage its carbon footprint across different geographical locations, and have improved cross-functional teamwork at different levels of the organization.

Abu Dhabi Global Market Courts Appoint UK’s First Female Commercial Court Judge
Effective 4 October 2018, Dame Elizabeth will assume her role as an ADGM Courts Judge. Her appointment follows the retirement of the Right Honourable the Lord Saville.

DCT Abu Dhabi Inaugurates ’Bait Al Gahwa’ Initiative
The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has inaugurated the ’Bait Al Gahwa’ (Coffee House) initiative at Manarat Al Saadiyat on Saadiyat Island.

Aldar Completes Successful Refinancing With New 7 Year US$500m Sukuk
Aldar Investments debut US$500m 7 year sukuk competitively prices at 4.75%.

Etihad Guest Programme welcomes Air Europa as new airline partner
Etihad Guest, the award-winning loyalty programme for Etihad Airways, has announced a new partnership with Air Europa.

Bloom Properties to Showcase Latest Residential Developments at Cityscape Global 2018
Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has announced its participation in the upcoming edition of Cityscape Global.

Abu Dhabi Fund for Development Allocates AED3.2 Billion to Support Agricultural Sector
Abu Dhabi Fund for Development has allocated nearly AED3.2 billion towards development projects in the agricultural and irrigation sectors.

Daman makes medical approval request tracking available to members
The new feature provides Daman and Thiqa members with the latest status of their medical approval requests.

Abu Dhabi Executive Committee Prioritises Knowledge, Innovation
These initiatives aim at enhancing business competitiveness in Abu Dhabi, attracting investment and increasing economic opportunities. This will contribute to enhancing Abu Dhabi’s position as the capital of economic diversification and an incubator for innovators and economic future makers.

UAE-Saudi Non-Oil Trade Surges To AED720 bn By End Of H1
The UAE-Saudi non-oil trade has grown 1230 percent since the establishment of the GCC Customs Union in 2003 until H1 2018, according the statistics of the UAE Federal Customs Authority (FCA).

ADGM Signs MoU With Abu Dhabi Smart Solutions And Services Authority
Abu Dhabi Global Market, ADGM, has announced the signing of a strategic new Memorandum of Understanding, MoU, with Abu Dhabi Smart Solutions and Services Authority, ADSSSA.

Industrial Producer Price Index Increases By 13.4%
The key activities that contributed to the increase are the production of coke coal and refined oil products, whose prices rose by 29 percent, and chemical materials and products that increased by 29.2 percent.

Statement Of Humaid Matar Al Dhaheri, Group CEO Of ADNEC About The "Abu Dhabi International Hunting And Equestrian Exhibition (ADIHEX) 2018"
ADNEC has always been keen to provide the required support and infrastructure to ensure the success of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) since its first edition in 2003.

UAE attains membership in Arab Union for Astronomy and Space Sciences
The selection of Al Ahbabi comes in light of the growing status of the UAE national space sector at the regional and international levels.

Abu Dhabi Global Market Issues Public Consult On Bank Recovery And Resolution Regime
The FSRA is proposing a tailored, risk-proportionate approach that effectively addresses the risks posed by the failure of any significant financial institution or a member of its financial group.

Federal Transport Authority Boosting Cooperation With World Road Association
Arrangements for hosting the XXVIth World Road Congress in Abu Dhabi from 6th to 10th October 2019 were also discussed.

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