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ABU DHABI NEWS

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London, Bombay, Delhi And Manila Are Top Destinations For Travelers Through Abu Dhabi Airport
Acting Chief Operations Officer at Abu Dhabi International Airport, Ahmed Al Shamsi, has said that London, Bombay, Delhi and Manila were the top destinations for travellers through Abu Dhabi International Airport in June.

Bollywood makes a splash in the emirate with Namaste Abu Dhabi starring Salim & Sulaiman
Bollywood’s leading music composer duo Salim and Sulaiman Merchant are set to deliver an electrifying performance in Abu Dhabi on Friday 18 August, igniting the entertainment scene in the UAE capital as part of this year’s edition of Abu Dhabi Summer Season.

AED19 Billion In H1 Net Profit By 19 Listed Banks
A total of 19 listed banks reported H1 net profit of around AED19 billion, a 3.8 percent growth from around AED18.3 billion during the corresponding period last year.

Stock Markets Tranquil Waiting For Leaders To Reveal H1 Financial Statements
The UAE stock markets exhibited signs of stability at the end of the week’s last day of transactions, with large segments of traders still waiting for real estate giants to disclose their H1 financial results.

Abu Dhabi Airports receives UAE’s first Aerodrome Flight Information Services Certification
Abu Dhabi Airports has been awarded the UAE’s first Aerodrome Flight Information Services (AFIS) certification from the General Civil Aviation Authority (GCAA), for Sir Bani Yas Airport.

Team Abu Dhabi To Compete In Grand Prix Of Harbin,China
Team Abu Dhabi continues its hectic summer racing schedule by heading straight from Norway to China to take part in this weekend’s Grand Prix of Harbin, round three of the UIM F1 H2O World Championship, at the Hulan Estuary Wetland Park.

Abu Dhabi Tourism & Culture Authority team up with Manchester City as part of global ’Your Extraordinary Story’ Destination Campaign
Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) made a big impression in the United States in July, as it kicked off a new major international promotional push, the latest initiative in its ongoing global destination campaign.

Yas Waterworld Announces A New Summer Experience
Yas Waterworld is adding a new unique experience to its summer offering, inviting guests and water adventure fans to enjoy Neon lit evenings this summer. Every Friday, starting 25th August, the park will extend its operating hours to 10 PM to offer its guests a glowing experience.

Comedy Superstar Mike Epps hits the capital for Abu Dhabi Summer Season
Set to invoke waves of laughter throughout the capital following international acclaim for his routines, Hollywood superstar and comedian Mike Epps will make his regional debut on Friday, August 18th at Al Raha Beach Theatre as part of Abu Dhabi Summer Season 2017.

Cash Flow Increases By AED5.1 Billion In H1
The cash flow circulating on the UAE market by UAE nationals and residents, including individuals and corporations alike, gained AED5.1 billion during H1 2017, bringing to AED67.4 billion the money supply circulating outside the banking sector by the end of June.

Abu Dhabi Tourism & Culture Authority Invites Saudi Residents To Discover Emirate’s Extraordinary Story
Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is presenting a vast range of upcoming initiatives, events and activities to welcome residents of Saudi Arabia to experience the emirate’s unique heritage, culture and traditions throughout the course of 2017.

Abu Dhabi Tourism Authority Invites Saudi Residents To Discover Emirate’s Extraordinary Story
Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, is presenting a vast range of upcoming initiatives, events and activities to welcome residents of Saudi Arabia to experience the emirate’s unique heritage, culture and traditions throughout the course of 2017.

Careem Kids Launches In Abu Dhabi
Careem, the UAE based ride hailing app, brings its unique Kids service to Abu Dhabi. The Careem Kids option will be officially available for use from the today onwards.

Abu Dhabi Tourism Authority Sees 19.5% Growth In Applications Received Through Abu Dhabi Events Licensing System
The Abu Dhabi Events Licensing System, ELS, which was launched earlier during the year by Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, has experienced unprecedented growth of 19.5 percent in total applications between Q1 and Q2.

ADNOC In Advanced Discussions With Potential Partners For New Offshore Oil Concession
The Abu Dhabi National Oil Company (ADNOC) announced, today, it is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession.

AED26 Million In Net Foreign Investments At ADX In July
Foreign investors’ purchases in July 2017 reached AED1.391 billion at Abu Dhabi Securities Exchange, ADX, accounting for 42.5 percent of total buy trades.

11.92 Million Travellers Through Abu Dhabi Airport In H1
The Abu Dhabi International Airport has maintained its strong growth curve, welcoming a total of 11.92 million travellers during the first half of 2017, up 0.7 percent from 11.84 million in the corresponding period in 2016, with a total of 1.76 million passing through the airport during June.

Next Phase Of FAB Brand Roll-Out Underway For H2 2017
First Abu Dhabi Bank, FAB, the UAE’s largest bank and one of the world’s largest financial institutions, has confirmed that the next phase of its brand roll-out will be launched during the second half of the year.

Gulf Capital Signs Strategic Partnership With Emirates Wildlife Society In Association With WWF To Support Environmental Education And Conservation In The UAE
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today a long-term platinum corporate membership with Emirates Wildlife Society in association with WWF (EWS-WWF).

Lockheed Martin-Mubadala STEM Challenge Selects Finalists
Six UAE-based university teams were selected as finalists for the inaugural UAE Unmanned Aerial System (UAS) Payload Design Challenge, a joint program run by Lockheed Martin and Mubadala Investment Company.

ADGM And KPMG Launch FinTech Abu Dhabi Innovation Challenge
Abu Dhabi Global Market, ADGM, and service company KPMG have come together to launch the first ever FinTech Abu Dhabi Innovation Challenge on 22nd October, 2017.

Abu Dhabi Rolls Out Initiative To Provide Residential Units For Fixed Income Earners
The Department of Municipal Affairs and Transport at the Abu Dhabi City Municipality, ADM, has announced an initiative targeting fixed-income groups to meet their needs of residential units.

President Khalifa Declares 2018 The "Year of Zayed", Marking 100 Years Since The Birth Of The Late Sheikh Zayed
His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, has declared 2018 the "Year of Zayed" in the United Arab Emirates.

Industrial Development Bureau Releases H1 2017 Report
A report by the Industrial Development Bureau, IDB, has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion.

Aldar Properties Announces 5% Increase In Gross Profit For H1 2017
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the first half of 2017, recording a 5 percent increase in gross profit to AED1.29 billion, up from AED1.23 billion in the first half of 2016.

Foreign Investments At UAE Stock Markets Hit AED104.5 Billion In July
The market capitalisation of foreign shares at UAE stock markets continued their rising streak for the second month running, surging to AED104.5 billion during July, a growth of 5.5 percent over the month of June.

Etihad Airways Introduces Boeing 787 On Seoul Incheon Service
Etihad Airways has introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi, the capital of the United Arab Emirates (UAE), to Seoul. The aircraft touched down this morning at the South Korean capital’s space-age Incheon International Airport.

Central Bank pumps AED11.3 billion in liquidity in June
A total of AED11.3 billion in cash was pumped by the UAE Central Banks through banks operating in the country during June, which accounts for 35.7 percent of AED31.6 billion in total funds provided by the bank throughout 2016. The move reflects the rising demand for credit in the market.

Majid Al Futtaim And Al Jazira Club Announce Partnership To Invest AED 1.4 Billion In New Shopping Destination, City Centre Al Jazira
Abu Dhabi’s retail and entertainment sectors are set for further growth following the announcement of the first-ever City Centre mall in the UAE capital.

Abu Dhabi University attracts students of all nationalities and cultural backgrounds
Abu Dhabi Universiity (ADU), set to launch a new campus in Dubai with the start of the upcoming fall semester, continues attracting students of diverse nationalities and cultural backgrounds in preparation for the 2017-2018 academic year.

ADX Launches New Mechanism For Employees’ Equity Incentives
The Abu Dhabi Securities Exchange has requested all listed companies to disclose the agendas and outcome of their board meetings which discuss the possibility of awarding shares to their employees in form of equity incentives.

Abu Dhabi’s Hotel Guest Arrivals Surge By 30 Percent In June
Abu Dhabi recorded a remarkable 30 percent increase in the number of hotel guest arrivals this June, compared to the same month in 2016, boosted by an exceptional Eid Al Fitr period, which saw many premium hotels fully booked.

Abu Dhabi Ports Signs Agreement Bringing Investments Of AED1.1 Billion Into Khalifa Port Free Trade Zone
An investment cooperation agreement with Jiangsu Province was signed on Monday to strengthen economic ties and build investment projects through joint opportunities for both the UAE and Chinese economies.

Abu Dhabi Duty Free welcomes The Estee Lauder Companies
Abu Dhabi Duty Free, in partnership with DFS Group, the world’s leading luxury travel retailer, has opened a new beauty boutique in Terminal 3 at Abu Dhabi International Airport (AUH), hosting the new and prestige brands of The Estée Lauder Companies.

FEWA Announces Ambitious Plans To Meet Increasing Water Demand
The Federal Electricity and Water Authority, FEWA, has announced its plans to procure water through independent water production, IWP, or seawater reverse osmosis, SWRO, by self-financing.

NAJAH Abu Dhabi To Host Prestigious Universities From 16 Countries
The 11the edition of NAJAH Abu Dhabi, a leading higher education event in the United Arab Emirates (UAE), will be held from 25th to 27th October at the Abu Dhabi National Exhibition Centre (ADNEC).

Sheikh Zayed Book Award Receives 725 Nominations To Date For Its 12th Session
The Sheikh Zayed Book Award has recorded a total of 725 nominations so far since the 12th cycle commenced in May. ’Young Author’ and ’Literature’ categories are leading with equal shares of total nominations at 29% for each, while ’Best Contribution to the Development of Nations’.

Image Nation Abu Dhabi Launches 2017 Semester Of Arab Film Studio Programs
Image Nation Abu Dhabi, one of the leading media and entertainment companies in the Middle East, has announced this year’s participants for two of its prestigious Arab Film Studio programs.

Abu Dhabi Registers 4538 New Trade Licenses In H1 2017
The total number of new commercial licences issued in the emirate of Abu Dhabi and registered at the Abu Dhabi Business Centre, ADBC, affiliated to the Department of Economic Development, DED, reached 4,538 during the first half of 2017.

ADFD Finances 76 Development Projects In Morocco Worth AED9 Billion
The Abu Dhabi Fund for Development, ADFD, has supported Morocco with grants and concessionary loans worth AED9 billion across 76 development projects. The projects spanned diverse sectors, most notably transport, housing, water and agriculture, education, and healthcare.

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