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UAE bank credit to industrial sector grew 190% in 10 years

  ABU DHABI / WAM The UAE bank credit to the industrial sector grew by 190 percent to AED70 billion over the past decade, accounting for 4.8 percent of the total loans channelled to business sectors in the UAE by the end of 2016, according to the UAE’s Central Bank recent data. Bank industrial credit for foreigners in the country ...

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ADNOC opens Xpress Station in Shakhbout City

  Abu Dhabi / Emirates Business ADNOC Distribution has announced the opening of Al Ramla ADNOC Xpress station in Shakhbout City in Abu Dhabi as the latest stage of phase one of its plan to open 10 such stations to serve the most congested areas of the city and its suburbs. The new station is the eighth ADNOC Xpress station ...

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Mother of the Nation Festival welcomes 40,000 visitors

  Abu Dhabi / Emirates Business The second edition of the Mother of the Nation Festival has captured the imaginations of more than 40,000 visitors through a breath-taking range of entertainment offerings, exhilarating activities and interactive installations over the course of three days following its grand opening on 26th March. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu ...

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