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ABU DHABI NEWS

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ITC Completes First Phase Of Offering Free Internet In Public Buses
The Integrated Transport Centre, ITC, of the Department of Municipalities and Transport in Abu Dhabi announced that it has completed the first phase of offering free internet service project in public buses in the Emirate of Abu Dhabi.

Khalifa Fund’s Franchise Initiative Continues To Support UAE SMEs Expand Locally And Internationally
Khalifa Fund originally partnered with FranCorp in 2013 and later launched the Franchise Initiative to support the expansion process of UAE enterprises that showed potential in the ability to grow locally, regionally and internationally.

Aurora50 Announces Far-Reaching Agreements With ADGM, ADX, DIFC, DFM And Nasdaq Dubai To Drive Board-Level Gender Balance
In a move with far-reaching effects, Aurora50 and five of UAE’s prominent financial centres and exchanges, have agreed to collaborate on enhancing female representation at the board-level.

Waha Capital To Invest In Leading Latin American Online Travel Company
Waha Capital and Despegar.com entered into a private placement through which Waha Capital will invest in series B preferred shares convertible into ordinary shares for an aggregate purchase price of AED 184 million (US$50 million).

AED885 million profits reported by listed investment, finance companies in Q2
The investment and finance firms listed on local capital markets saw their profits jump to around AED885 million during Q2-2020 from as little as AED13 million only in the comparable period last year.

FAB distributes nearly AED4 million as part of COVID relief measures to over 6,000 SME merchants
First Abu Dhabi Bank is disbursing nearly AED 4 million in rebates to merchants as part of Abu Dhabi’s relief measures initiated by the effects of COVID-19.

ADIHEX’s 18th edition To Be Extended To Seven-Day International Fair
The Higher Organizing Committee of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) have announced that the 18th edition of the event will take place over seven days from 27th of September to 3rd of October 2021.

Abu Dhabi Investment Office, ADQ To Further Invest In The Emirate’s Start-Up Ecosystem
As part of their collaboration, ADQ and ADIO will also create winning propositions for companies using a combination of equity investments and incentives.

MoHAP Introduces Additional Telemedicine Services To Virtual Doctor Platform
The Ministry of Health and Prevention, MoHAP, has ushered in additional telemedicine and health monitoring services to the Virtual Doctor Platform by offering remote specialised care and medical consultations.

VOX Cinemas To Reopen In Abu Dhabi And Al Ain On Monday, 17 August
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, is pleased to announce that VOX Cinemaswill reopen in Abu Dhabi and Al Ain on Monday.

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