Arif Shaikh To Retire As Group Chief Risk Officer After Two Decades With FAB And FGB (18 February 2020)
Arif Shaikh is to retire as Group Chief Risk Officer (GCRO) of First Abu Dhabi Bank (FAB) later in 2020, after nearly two decades with the bank and legacy First Gulf Bank (FGB).
Abu Dhabi Police buildings receive AED808 million overhaul (18 February 2020)
The company announced in a statement that the AED808 million projects include the construction of three civil defence centres
Abu Dhabi Exports Office, Abu Dhabi Chamber To Help UAE Companies Increase Exports Globally (18 February 2020)
The newly established Abu Dhabi Exports Office, ADEX, and the Abu Dhabi Chamber of Commerce and Industry, Abu Dhabi Chamber, signed a Memorandum of Understanding, MoU, to cooperate on a series of initiatives.
US$1.65 billion in construction contracts for Dalma Gas offshore facilities (18 February 2020)
The Abu Dhabi National Oil Company, ADNOC, announced today it has awarded two contracts for the construction of offshore facilities for the Dalma Gas Development Project located about 190 kilometres northwest of Abu Dhabi city.
Barakah Nuclear Power Plant’s Unit 1 To Begin Operations (17 February 2020)
In a press conference in Abu Dhabi today, FANR said it also authorised Nawah to commission and operate Unit 1 of the nuclear power plant located in Al Dhafra, Abu Dhabi, under a 60-year licence.
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.
18 Banks, Financial Companies Record Profits Of AED46.47 Billion In 2019 (16 February 2020)
A total of 18 out of 19 national banks and financial companies registered in Emirati financial markets declared their financial figures for 2019, which highlighted an increase in their total net profits to AED46.47 billion.
Abu Dhabi Consumer Price Index Decreased 1.8% In January 2020 (16 February 2020)
The Statistics Centre - Abu Dhabi, SCAD, reported on Sunday that the Consumer Price Index, CPI, decreased by 1.8 percent in January 2020, compared with the same month in 2019.
Abu Dhabi Power Corporation Announces The Establishment Of The Largest Independent Thermal Power Plant In The UAE (16 February 2020)
Abu Dhabi Power Corporation (ADPower) and Japan-based Marubeni Corporation announced, today, the formation of a consortium to develop the Fujairah F3 independent power producer (IPP) project, which will be the largest independent thermal power plant in the UAE.
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.
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