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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.

Abu Dhabi Police buildings receive AED808 million overhaul
The company announced in a statement that the AED808 million projects include the construction of three civil defence centres

Arif Shaikh To Retire As Group Chief Risk Officer After Two Decades With FAB And FGB
Arif Shaikh is to retire as Group Chief Risk Officer (GCRO) of First Abu Dhabi Bank (FAB) later in 2020, after nearly two decades with the bank and legacy First Gulf Bank (FGB).

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.

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.

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.

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.

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