EIBOR Up By 30.7-48.6 Percent Since Early 2018 (10 October 2018)
The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) hit new highs of 30.7- 48.6 percent across all terms since the beginning of the year, according to the Central Bank of UAE figures.
ADIB Raises AED 1 Billion In Successful Rights Issue Which Was More Than Five Times Oversubscribed (10 October 2018)
Following the close of the subscription period on October 9, the designated 464 million new shares will be fully allocated on October 16th.
Masdar Announces WiSER Pioneers Programme At Mohamed Bin Zayed Majlis For Future Generations (10 October 2018)
The announcement was made at the second edition of the Mohamed Bin Zayed Majlis for Future Generations, held under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
Masdar Signs Region’s First Green Revolving Credit Facility To Drive Sustainability Goals (10 October 2018)
Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.
Innovation Significantly Contributes To UAE Economic Prosperity: Noura Al Kaabi (9 October 2018)
Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, has reaffirmed the role of innovation in contributing to the economic upswing in the United Arab Emirates.
Sheikh Zayed Book Award Holds Cultural Seminar In Milan (9 October 2018)
The Sheikh Zayed Book Award, SZBA, hosted the second instalment in its series of international seminars in Milan on 5th October, as part of its commitment to advance Arab culture.
ADNIC To Utilise Al Etihad Credit Bureau’s Services To Further Strengthen Its Credit Risk Management (9 October 2018)
In a pioneering move for the insurance industry, Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has announced it will utilise Al Etihad Credit Bureau (AECB) products.
Intertrust Opens Office In Abu Dhabi Global Market (8 October 2018)
The new office in Abu Dhabi’s financial centre will expand Intertrust’s existing presence in the United Arab Emirates (UAE), and consolidate its position as one of the leading corporate services providers in the region.
New Hotel Classification System For Abu Dhabi Hotels To Be Launched (8 October 2018)
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) has developed a brand new classification system for all hotels in the emirate, which will be rolled out for all establishments in the coming months.
ADNOC And BHGE Form A Strategic Partnership to Improve Drilling Efficiencies And Grow ADNOC Drilling Into A Fully-Integrated Drilling And Well Construction Business (8 October 2018)
The Abu Dhabi National Oil Company (ADNOC or the Group) and Baker Hughes, a GE company (BHGE:NYSE), today signed a strategic partnership agreement that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling.
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