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ABU DHABI NEWS

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UAE Gross Bank Assets Surge To AED2.8 Trillion By End Of August
The UAE gross bank assets amounted to AED2.8 trillion by the end of August 2018, 4.00 percent up from AED2.694 trillion by the end of December 2017, according to Central Bank of UAE statistics released today.

Export Unit Value Index In Abu Dhabi Up To 87.3 Percent In Q2
The Export Unit Value Index in the Emirate of Abu Dhabi was up to 87.3 percent during Q2, a growth of 7.6 percent from 81.2 percent during the same period in 2017, according to Statistics Centre- Abu Dhabi (SCAD).

Chinese Bridge Proficiency Competition Organized By The Confucius Institute At Zayed University
26 Emirati students were selected to represent 13 public secondary schools teaching Chinese as part of their curriculum from different emirates, for the Chinese Bridge Proficiency Competition for Foreign High School Students.

Abu Dhabi International Hunting And Equestrian Exhibition Opens Sept 25
ADIHEX 2018 will be held from 25th to 29th September under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club.

ADNEC To Host Sand Sports Super Show Middle East In Abu Dhabi
The agreement was signed during ADNEC’s visit to the United States, in line with its efforts to promote Abu Dhabi’s leading position in the Middle East as the regional capital for high-profile international exhibitions and conferences.

Majlis Al Mushrif hosts lecture on UAE parliamentary process, political development
The importance of the Majalis initiative stems from its ability to offer a platform for communicating with all members of society and discussing the issues that matter most to them.

Abu Dhabi records 10.5% growth in hotel guests in August
The number of hotel guests staying in Abu Dhabi during August rose by 10.5 percent compared to the same month in 2017.

Abu Dhabi hosts India’s Travel Agents Federation convention on Tuesday
The Department of Culture and Tourism Abu Dhabi, DCT Abu Dhabi, will be hosting the Travel Agents Federation of India’s annual convention from 25th to 27th September.

CBUAE’s Foreign Currency Reserve Surges To AED329.5 bn In August
The foreign assets exclude CBUAE Reserve Tranche Position and Special Drawing Rights holdings with the International Monetary Fund.

ADMAF Invites Artists To Participate In Cultural Collaboration Programme
Through work done by organisations and change-makers across the UAE, 16 cultural managers will be chosen and given the opportunity to join the one-year programme and collaborate in a space to take on multidisciplinary projects and to initiate change through culture.

Sawab Centre Launches New Campaign On Its Social Media Platforms
The two-day campaign is launched in Arabic, English and French on Sawab’s Twitter, Facebook, Instagram and YouTube platforms.

Abu Dhabi’s ’Majlis Al Mushrif’ Hosts Lecture On Parliamentary Processes And Political Development In The UAE
The Majalis Affairs Office at the Abu Dhabi Crown Prince’s Court organised a lecture on parliamentary processes and political development in the UAE at "Majlis Al Mushrif" in collaboration with the Ministry of State for Federal National Council Affairs (MFNCA).

Ministry Of Education Launches ’Parents’ Conference’
The "Parents’ Conference," organised by the Ministry of Education, began today, under the theme, "Partners in our Journey."

Foreign Remittances Hit AED88 bn In H1
Expats remittances from the UAE amounted to AED88 billion during H1 2018, a growth of 13.1 percent from AED77.8 billion during the same period last year.

Al Hilal Bank Successfully Closes Landmark USD 500 Million Sukuk
The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last in the market with a Senior Public Sukuk in 2013.

Saeed Al Remeithi Named Chairman Of World Steel Association’s Economic Committee
The World Steel Association (WSA), a non-profit organization with headquarters based in Brussels, Belgium, with more than 170 members represented throughout the world and accounting to 85 percent of Steel procurers.

ADGM Signs Agreement With Leading UAE Telecom Providers To Boost Digital Innovation In Financial Freezone
Both signings were held at the 2018 FinTech Abu Dhabi Summit by ADGM which was held under the patronage of H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council.

ENEC Highlights Importance Of International Cooperation At IAEA General Conference
The Emirates Nuclear Energy Corporation, ENEC, participated in the 62nd Annual Regular Session of the International Atomic Energy Agency, IAEA, General Conference, taking place from 17th to 21st September 2018, in Vienna, Austria.

UAE Space Agency And Krypto Labs Sign Agreement To Promote Technology And Science Entrepreneurship
The UAE Space Agency today signed an Agreement of Funding with Krypto Labs, the Abu Dhabi-based innovation hub and incubator.

EAD, BP Continue Partnership For Next Sustainable Schools Challenge
The agreement was signed by Razan Khalifa Al Mubarak, EAD’s Secretary-General, and Salem bin Ashoor, General Manager and Chief Representative for BP UAE, at EAD’s headquarters at Al Mamoura Building.

du Inks Pact With ADGM To Support Digital Transformation Agenda
The MoU sets a formal framework for du to work with ADGM in exploring and developing technology infrastructure, innovation platforms, potential business opportunities, digital services, pilot projects, among others within ADGM and Abu Dhabi.

Al Bateen Beach Receives 912,000 Visitors Since January
Abu Dhabi City Municipality, ADM, has announced that Al Bateen Beach has received over 912,000 visitors from January to August 2018.

IMKAN Takes First Step In Realizing Vision For Sahel Al Emarat
Jassim Alseddiqi, Board Member of IMKAN and CEO of Abu Dhabi Financial Group (ADFG), said: "Rivieras can strongly impact economic dynamics through creating multiple jobs.

UAE welcomes Jeddah Peace Agreement between Eritrea and Ethiopia
The United Arab Emirates, UAE welcomed on Sunday the Jeddah Peace Agreement signed by Eritrea and Ethiopia and valued efforts made by the the Custodian of the Two Holy Mosques.

ADGM, ADDED Form Partnership To Advance Innovation
Abu Dhabi’s Department of Economic Development, ADDED, and Abu Dhabi Global Market, ADGM, on Monday, signed a cooperation agreement to provide more integrated support for innovators and technology enterprises across various key industries leveraging the Technology and Innovation Pioneers.

Abu Dhabi Classics Programme Of Cultural Harmony Reveals World-Class Artists
Abu Dhabi Classics, organised by the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) under the patronage of His Highness Sheikh Abdullah bin Zayed Al Nahyan, the UAE’s Minister of Foreign Affairs and International Cooperation.

Abu Dhabi non-oil foreign trade surges to AED80.1 billion in six months
In yet a fresh sign of a positive economic outlook for the country, Abu Dhabi’s non-oil foreign trade during H1 2018 amounted to AED80.1 billion, with the month of June recording a growth of 30 percent.

Shangri-La Hotel in Abu Dhabi Extends Registration Deadline for Dragon Boat Festival
Shangri-La Hotel and Traders Hotel, Qaryat Al Beri, Abu Dhabi hosts the Abu Dhabi Dragon Boat Festival for eleventh time in a row.

Al Ain Book Fair 10th Edition Cultural Programme Announced
The Book Fair will also present a selection of products from various fields across literature, thought, poetry, history, photography and a variety of academic and educational books.

Franchise exhibition to focus on SMEs in Abu Dhabi
The sixth International Franchise Exhibition (IFE) is expected to attract more than 3,000 local, regional and international visitors interested in commercial opportunities in the UAE.

Abu Dhabi wins bid to host 2022 ITU Grand Final in world first
Abu Dhabi was awarded the 2022 ITU World Triathlon Grand Final, following an announcement by the International Triathlon Union.

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