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2:48:51 AM , 15 Dec 2017
Central Bank Raises Interest Rates By 25 Basis Points (14 December 2017)
The Central Bank of the UAE (CBUAE) has announced that effective Thursday, 14 December, 2017, it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar.

Gulf Capital Closes Three New Growth Capital Transactions In Egypt, Africa And Turkey (13 December 2017)
Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, today announced that its Private Debt Fund, Gulf Credit Opportunities Fund II.

ADNEC Promotes Capital’s MICE Infrastructure At Leading Global Industry Events (13 December 2017)
Abu Dhabi National Exhibitions Company (ADNEC) has participated in several highly-targeted international events to promote the infrastructure of Abu Dhabi’s state-of-the-art Meetings, Incentives, Conferences and Exhibitions (MICE ).

ADGM-Regulated $2 Billion First Feeder Fund For India Launched (13 December 2017)
Next Orbit Ventures (NOVF) ESDM, the newly launched Abu Dhabi-based fund established under the Abu Dhabi Global Markets (ADGM) jurisdiction, has announced the launch of US$2 billion fund for building semiconductors and electronics fab ecosystem in India.

Aldar Supports Region’s Hotel Investor Summit As Giohis Returns To Abu Dhabi (13 December 2017)
Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, will once again support the Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS) as Founding Patron when it returns to Abu Dhabi for the third consecutive year.

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The Deli - Food on the Go!
Need food on the go? Make sure you pick up one of our delicious sandwiches or fresh fruit salads from our newly opened Deli. Located on the ground floor of the hotel, The Deli, offers a wide selection of designer sandwiches, healthy salads and great coffee for those on the go.

Business Lunch at the Cappuccino’s
Cappuccino’s is the perfect location for that quick meeting or business lunch. Continental breakfast, light snacks and fresh salads provide timely refreshment at this meeting venue.

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RECENT FEATURES
SIAL Middle East to host over 12,000 meetings for world food experts

The 8th edition of SIAL Middle East, the region’s fastest growing business trade event for the food, drink and hospitality industries, opens tomorrow (Tuesday 12 December) at the Abu Dhabi National Exhibition Centre. Held under the patronage of His Highness Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister of the UAE, Minister of Presidential Affairs, and Chairman of the Abu Dhabi Food Control Authority (ADFCA), and in strategic partnership with the government body, over 24,000 food experts are expected to take part during the three-day show.

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Why Some Big Time Musicians Are Selling Out Arenas and Others are Struggling

While local and unknown musical artists might be able to book periodic gigs at smaller venues, big names like Adele, Maroon 5, and Beyonce go on international tours that are announced up to a year in advance. Most times, tickets for these events sell out almost as soon as they are made available to the public for purchase. Lately, ticket sales have been sluggish for musicians that have massive appeal. For instance, it has been reported that Jay-Z’s latest ‘4:4’ tour isn’t going as well as the artist would have hoped. Meanwhile, Lady Gaga continues to break records, with ticket prices edging upward with each new date. So, does an online master of music in music education degree make a difference? Although Lady Gaga attended both Juilliard and New York University’s Tisch School of the Arts, experts don’t believe that formal education is a factor in ticket sale disparities.

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Abu Dhabi Securities Exchange sees a rise in demand for the issuance of Investor Numbers

Abu Dhabi Securities Exchange (ADX) the region's leading financial market, has announced a 2700% increase in demand for the issuance of Investor Numbers (IN) between November 26, 2017 and November 28, 2017. Initial Public Offering (IPO) enquiries addressed to ADX’s Services Centre have also increased by 500%, while the number of visits to ADX’s website grew by 60%. The increase affirms ADX's commitment and continued support to companies planning an IPO, including ADNOC Distribution, which has issued an initial public offering for a minority stake in the company on ADX.

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Trading value breaks AED1 billion mark on UAE capital markets

The value of trading on UAE two main bourses exceeded the one billion dirham mark on Wednesday, the last day before a four-day national holiday. The tremendous increase in cash levels came following a state of precarious calmness that prevailed over Dubai Financial Market and Abu Dhabi Securities Exchange, which closed at 3420 and 4283 points respectively. Advancing shares included a number of blue chips, primarily ARABTEC which closed on a high note of AED2.44 and DAMAC, which rose to AED3.45, with Drake and Skull up 4.4 percent to AED1.91.

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Islamic banking assets surge 6 percent to AED535 billion in 10 months

Assets of Islamic banks operating in the UAE amounted to AED535 billion by the end of October, around 6 percent growth since the beginning of the year, accounting for 20.2 percent of total banking assets in the country, valued at around AED2.639 trillion during the first 10 months of the year, according to UAE Central Bank figures. The noticeable growth in Sharia-compliant financial operations in the country mirror the significant development of this kind of banking products which has been enjoying impressive growth across the region over the past few years. 

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  ADCG RECOMMENDS
BiCE restaurant
Authentic Italian dining can be discovered at the prestigious award winning restaurant BiCE with its contemporary design and European charm. BiCE offers an exceptional combination of delicious modern and traditional Italian cuisine served in an attractive location overlooking the Corniche of Abu Dhabi. The Italian resident pianist performs everyday from 8.45 pm except Saturdays.

Click here for more

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