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Company News - Tourism Development


AED162 Million In Water Infrastructure Projects Approved (16 February 2020)
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 (16 February 2020)
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 (15 February 2020)
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.

Abu Dhabi Ports Inks Long-Term Agreement With MSC Cruises (12 February 2020)
Abu Dhabi Ports announced a long-term agreement with MSC Cruises, giving the world’s largest privately-owned cruise line berthing rights at the Abu Dhabi Cruise Terminal and Sir Bani Yas Cruise Beach.

Aldar Net Profit Rises 7% To AED 1.98 Billion, Development Sales Increase 53% To Record AED 4.0 Billion (12 February 2020)
The Company’s Board of Directors recommended a cash dividend of AED 0.145 per share, representing a 4% growth on 2018’s dividend of AED 0.14 per share.

Aldar Net Profit Rises To AED1.98 Billion In 2019 (12 February 2020)
Aldar Properties today announced that it reported a 7 percent year on year increase in 2019 net profit to AED1.984 billion, driven by growth across both its development and asset management businesses.

Louvre Abu Dhabi And Theatre du Chatelet Present The World Premiere Of Singing Trees By Acclaimed Digital Artists Umbrellium (12 February 2020)
Launching in Abu Dhabi on 25 February 2020, Singing Trees illuminates the pressing need for environmental awareness in the age of climate change.

Sheikh Khalifa Medical City Recognised By American College Of Surgeons For Its Quality Surgical Care (12 February 2020)
The American College of Surgeons National Surgical Quality Improvement Programme, ACS NSQIP, has recognised Sheikh Khalifa Medical City, SKMC.

ADFD, US International Development Finance Corporation To Exchange Knowledge, Expertise (11 February 2020)
Abu Dhabi Fund for Development, ADFD, today signed a Memorandum of Understanding with the United States International Development Finance Corporation, DFC, an independent agency of the US Government.

ADNIC Reports Net Profit Of AED284.3 Million In 2019 (11 February 2020)
The Abu Dhabi National Insurance Company, ADNIC, today reported its full year financial results for the year ended 31st December 2019, announcing a net profit up 20.7 percent year-on-year to AED284.3 million.


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