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.
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.
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.
Hamdan Bin Zayed Participates In Mangrove Seedlings Planting On Al Aryam Island (15 February 2020)
Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
Abu Dhabi Ports Inks Long-Term Agreement With MSC Cruises (12 February 2020)
Abu Dhabi Ports announced a long-term agreement with MSC Cruises, giving the world’s largest privately-owned cruise line berthing rights at the Abu Dhabi Cruise Terminal and Sir Bani Yas Cruise Beach.
Aldar Net Profit Rises 7% To AED 1.98 Billion, Development Sales Increase 53% To Record AED 4.0 Billion (12 February 2020)
The Company’s Board of Directors recommended a cash dividend of AED 0.145 per share, representing a 4% growth on 2018’s dividend of AED 0.14 per share.
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