Industrial Development Bureau Releases H1 2017 Report (5 August 2017)
A report by the Industrial Development Bureau, IDB, has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion.
Aldar Properties Announces 5% Increase In Gross Profit For H1 2017 (3 August 2017)
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the first half of 2017, recording a 5 percent increase in gross profit to AED1.29 billion, up from AED1.23 billion in the first half of 2016.
Foreign Investments At UAE Stock Markets Hit AED104.5 Billion In July (3 August 2017)
The market capitalisation of foreign shares at UAE stock markets continued their rising streak for the second month running, surging to AED104.5 billion during July, a growth of 5.5 percent over the month of June.
Etihad Airways Introduces Boeing 787 On Seoul Incheon Service (2 August 2017)
Etihad Airways has introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi, the capital of the United Arab Emirates (UAE), to Seoul. The aircraft touched down this morning at the South Korean capital’s space-age Incheon International Airport.
Abu Dhabi University attracts students of all nationalities and cultural backgrounds (1 August 2017)
Abu Dhabi Universiity (ADU), set to launch a new campus in Dubai with the start of the upcoming fall semester, continues attracting students of diverse nationalities and cultural backgrounds in preparation for the 2017-2018 academic year.
Central Bank pumps AED11.3 billion in liquidity in June (1 August 2017)
A total of AED11.3 billion in cash was pumped by the UAE Central Banks through banks operating in the country during June, which accounts for 35.7 percent of AED31.6 billion in total funds provided by the bank throughout 2016. The move reflects the rising demand for credit in the market.
Majid Al Futtaim And Al Jazira Club Announce Partnership To Invest AED 1.4 Billion In New Shopping Destination, City Centre Al Jazira (1 August 2017)
Abu Dhabi’s retail and entertainment sectors are set for further growth following the announcement of the first-ever City Centre mall in the UAE capital.
Abu Dhabi Ports Signs Agreement Bringing Investments Of AED1.1 Billion Into Khalifa Port Free Trade Zone (31 July 2017)
An investment cooperation agreement with Jiangsu Province was signed on Monday to strengthen economic ties and build investment projects through joint opportunities for both the UAE and Chinese economies.
Abu Dhabi’s Hotel Guest Arrivals Surge By 30 Percent In June (31 July 2017)
Abu Dhabi recorded a remarkable 30 percent increase in the number of hotel guest arrivals this June, compared to the same month in 2016, boosted by an exceptional Eid Al Fitr period, which saw many premium hotels fully booked.
ADX Launches New Mechanism For Employees’ Equity Incentives (31 July 2017)
The Abu Dhabi Securities Exchange has requested all listed companies to disclose the agendas and outcome of their board meetings which discuss the possibility of awarding shares to their employees in form of equity incentives.
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