News Archive
Khalifa University Student Team Achieves Remarkable Success At DBF 2019 In US (12 May 2019)
The team designed and developed an unmanned, electric-powered, radio-controlled aircraft that successfully completed all three mandatory missions at the international competition in which participants included some of the top universities in the world.



First Abu Dhabi Bank Partners With MoneyGram To Launch Services On Payit Mobile App (12 May 2019)
First Abu Dhabi Bank has partnered with MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer and payment services, to launch the latter’s services through the bank’s payit mobile wallet in the United Arab Emirates (UAE).



AED9.6 bn In Credit Facilities For Service, Non-Profit Organisations In Three Months (11 May 2019)
Figures recently released by the Central Bank of UAE indicate the steady rise in the total financial assistance received by this sector which amounted to around AED148.8 bn in 2018 against AED138.3 bn in 2017.



Abu Dhabi Trade In Aluminum, Copper Hits AED3.4 bn In January, February (11 May 2019)
The trade in the two metals accounts for 9.5 percent of the emirate’s total non-oil trade volume during the two months, which is valued at AED35.8 bn.



ATMs Up To 5,279 By End Of March (9 May 2019)
The continued rise in ATMs across the country reflects the UAE banking sector’s commitment to forging ahead with its plans to automate services in a way that optimises costs and streamlines business.



Bilfinger Middle East Awarded Series Of Multi-Million Dollar EPC Contracts In Abu Dhabi Downstream Sector (9 May 2019)
The Abu Dhabi National Oil Company (ADNOC) has awarded Bilfinger three separate projects in the first quarter of 2019.



TAQA Records AED 4.3 Billion Of Revenue In Q1 2019 (9 May 2019)
TAQA’s oil and gas division achieved production for the first quarter of 2019 of 126.7 mboe/d, a slight increase compared to 123.8 mboe/d in Q1 2018.



Zayed Higher Organisation, Al Jalila Foundation Celebrate Graduation Of ’Ta’alouf’ Programme (8 May 2019)
In implementation of the MoU signed with Al Jalila Foundation, with the aim of enhancing cooperation and partnership to ensure the expansion of the programme scope.



ADCB Reports Q1 Net Profit Of AED1.152 bn (7 May 2019)
Abu Dhabi Commercial Bank PJSC today released its Q1-2019 financial results, reporting strong operating performance underpinned by robust growth in gross interest and Islamic financing income and non-interest income.



UAE National Banks’ Capital Adequacy Ratio Up To 17.5 Percent By End Of March (7 May 2019)
The UAE national banks’ solvency hit a three-year high, with the capital adequacy ratio (tier 1 + tier 2) standing at 17.5 percent by the end of March 2019.




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