Local News

  Abu Dhabi / WAM Abu Dhabi Global Market, ADGM, the international financial centre in Abu Dhabi, has announced its partnership with Citi for the Citi Tech for Integrity Challenge, T4I. Abu Dhabi is one of six chosen cities, the others being Buenos Aires, Dublin, Hyderabad, Mexico City and Singapore, to hold a Demo Day for this world-class FinTech challenge. T4I ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) dispatched a delegation to Bangladesh to review and study the current status of its two funded projects – the Sikalbaha Power Station and the South Asia Sub regional Economic Cooperation (SASEC) Road Connectivity Project (SASEC). Having toured the Sikalbaha Power Station, the delegation confirmed that 90 percent of works have ...

  DUBAI / Emirates Business All eyes were on Gulf Craft at the Dubai International Boat Show, where the pioneering Emirates-based shipyard impressed guests with the largest fleet of yachts and boats on display, collectively worth well over AED 300million and accounting for more than 20% of the total value of leisure craft on exhibit at the show. The industry ...

  ABU DHABI / Emirates Business ADNOC Distribution announced the successful completion of its ‘Oasis of Surprises’ promotional campaign by hosting the second and final draw that gave away 175 prizes including the campaign’s grand prizes – two brand new BMW 318i cars, two LG 65-inch UHD TV sets and one Etihad Holidays luxury package to Seychelles for two people. Launched ...

  ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, opened a new Sales & Service Centre in Abu Dhabi National Oil Company Company’s (ADNOC) Vehicles Inspection Center ‘Salama’ in the Al Shamkha area. The opening was held alongside the ‘Salama’ Center opening ceremony and attended by ...

  Dubai / Emirates Business In a move to bring enhanced visa application services to the residents of the UAE, the Embassy of South Africa launched a South Africa Visa Application Centre in Dubai. Services at the centre commenced on February 1. The centre was officially inaugurated by MK Lekgoro, Ambassador of the Republic of South Africa to the UAE, ...

  ABU DHABI / Emirates Business Etihad Airways has been honoured with the 2016 Treasury of the Year award by Treasury Management International (TMI) for a string of achievements over the past 12 months. The annual TMI Corporate Recognition Awards, held in London, reflect achievements in treasury and finance policy, practice and innovation. The Abu Dhabi-based airline’s treasury department was once ...

  ABU DHABI / WAM The national service is one of the bedrocks for building generations who are capable of addressing challenges and instilling the values of loyalty, belonging and sacrifice for protecting the nation, preserving its achievements and gains, spurring national development and consolidating the nation’s security and stability, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

  ABU DHABI / WAM A total of 43 out of the 66 public-listed local and foreign companies on the Abu Dhabi Securities Exchange (ADX) announced cash dividends worth AED22.7 billion in 2016. The cash dividends paid by the listed companies grew by 9 percent compared to 2015 when it stood at AED20.8 billion. The number of local and foreign ...

  ABU DHABI / WAM COAD, the Competitiveness Office of Abu Dhabi of Abu Dhabi Department of Economic Development (ADDED) announced its 2017-2021 strategy during a workshop held at the Department’s headquarters in the presence of representatives of more than 18 local and federal governmental entities. The COAD’s 2017-2021 Strategy stresses the importance of implementing several strategic initiatives in line ...