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ABU DHABI NEWS

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ADIB, Al Baraka Banking Group Sign MoU To Expand Network
The correspondent banking arrangement provides clients with greater flexibility and access to a wider network, in order to conduct seamless cross-border fund transactions.

ADNIC Recognised As ’UAE’s Most Outstanding In Corporate Insurance Services’
Abu Dhabi National Insurance Company, ADNIC, has been adjudged ’Most Outstanding in Corporate Insurance Services - UAE’ by the Corporate LiveWire Innovation and Excellence Awards 2019.

His Excellency Dr. Ali Obaid Al Dhaheri, Ambassador Of The United Arab Emirates To The People’s Republic Of China
The state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Abu Dhabi Ranks First In Terms Of Total Capital Of Public Shareholding Companies Registered At SCA
According to the SCA’s statistics, the total registered capital of local companies amounted to AED412 billion, of which AED190.4 billion account for public companies and AED221.5 billion for non-governmental organisations, NGO.

FAB Reports Record H1 Net Profit Of AED 6.3 Billion
First Abu Dhabi Bank,FAB,reported a record half year net profit of AED 6.3 billion, up 4% year-on-year, driven by revenue growth, coupled with continued cost control and prudent risk management.

UAE’s Bank Assets Total AED1.68 Trillion In H1 2019
Total assets of the UAE’s six national banks totalled AED1.68 trillion in the first half of 2019, an increase of AED170 billion, or 11.2 percent, compared to AED1.51 trillion in the same period of 2018.

ADFD Disburses AED92 Billion In Development, Investment Expenditure In 48 Years
In a report marking its 48th anniversary, Abu Dhabi Fund for Development, ADFD, the national entity for international development aid, has announced that it has allocated about AED92 billion in development funding and investments to 90 beneficiary countries.

Industrial Production Index Rises 16.6% In Q1 2019
The Industrial Production Index rose by 16.6 percent in the first quarter of 2019, compared to the same period in 2018, rising from 122.3 percent to 142.5 percent during the monitoring period, according to figures released by the Statistics Centre-Abu Dhabi, SCAD.

MoE Reduces, Cancels Fees For Over 100 Public Services
The Ministry of Economy has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on reduction of government services fees it provides to customers and businesses.

Abu Dhabi Develops Walking And Cycling Facilities
The Integrated Transport Centre, ITC, in Abu Dhabi and Abu Dhabi Cycling Club have signed a Memorandum of Understanding, MoU, to develop the walking and cycling facilities in the Emirate of Abu Dhabi.

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