Abu Dhabi

Trade Bank of Iraq Announces Capital Increase to USD 3 Billion Under New Three Year Strategic Vision

Retrieved on: 
Wednesday, April 15, 2020

BAGHDAD, Iraq and ABU DHABI,UAE, April 15, 2020 /PRNewswire/ -- Trade Bank of Iraq (TBI) has announced a new capital increase that aims to raise the bank's financial strength in line with the new strategic vision for 2020-23.

Key Points: 
  • BAGHDAD, Iraq and ABU DHABI,UAE, April 15, 2020 /PRNewswire/ -- Trade Bank of Iraq (TBI) has announced a new capital increase that aims to raise the bank's financial strength in line with the new strategic vision for 2020-23.
  • The bank has increased its capital to USD 3 billion (3.5 Trillion Iraqi Dinar) for the year 2020 from USD 2.3 billion (2.7 Trillion Iraqi Dinar) in 2019.
  • TBI achieved a robust growth in revenues and in key financial areas during the financial year 2019.
  • The total assets of TBI grew to USD 29 billion (34 trillion Iraqi Dinar) in 2019 thereby recording an increase of 27% in comparisonto 2018.

Trade Bank of Iraq Announces Capital Increase to USD 3 Billion Under New Three Year Strategic Vision

Retrieved on: 
Wednesday, April 15, 2020

BAGHDAD, Iraq and ABU DHABI,UAE, April 15, 2020 /PRNewswire/ -- Trade Bank of Iraq (TBI) has announced a new capital increase that aims to raise the bank's financial strength in line with the new strategic vision for 2020-23.

Key Points: 
  • BAGHDAD, Iraq and ABU DHABI,UAE, April 15, 2020 /PRNewswire/ -- Trade Bank of Iraq (TBI) has announced a new capital increase that aims to raise the bank's financial strength in line with the new strategic vision for 2020-23.
  • The bank has increased its capital to USD 3 billion (3.5 Trillion Iraqi Dinar) for the year 2020 from USD 2.3 billion (2.7 Trillion Iraqi Dinar) in 2019.
  • TBI achieved a robust growth in revenues and in key financial areas during the financial year 2019.
  • The total assets of TBI grew to USD 29 billion (34 trillion Iraqi Dinar) in 2019 thereby recording an increase of 27% in comparisonto 2018.

OneConnect Appointed as Technology Partner to support Abu Dhabi Global Market’s (ADGM) Digital Lab

Retrieved on: 
Tuesday, April 14, 2020

OneConnect Financial Technology Co. Ltd. (OneConnect, NYSE: OCFT), a leading TaaS company for financial institutions in China, has been appointed by Abu Dhabi Global Market (ADGM), the award winning International Financial Centre in Abu Dhabi, to support the development of the ADGM Digital Lab.

Key Points: 
  • OneConnect Financial Technology Co. Ltd. (OneConnect, NYSE: OCFT), a leading TaaS company for financial institutions in China, has been appointed by Abu Dhabi Global Market (ADGM), the award winning International Financial Centre in Abu Dhabi, to support the development of the ADGM Digital Lab.
  • In recent years, digital innovation has become a focal point in Abu Dhabi's plans and initiatives in building a knowledge-based economy to support economic growth and diversification.
  • The Digital Lab is one such initiative to address the key challenges FIs and FinTechs encounter in their ability to deploy and scale innovation.
  • OneConnects collaboration with ADGM on the Digital Lab is its first landing project in the Middle East.

EA Partners Steering Committee Update

Retrieved on: 
Friday, March 13, 2020

The steering committee of Noteholders (the Steering Committee) has repeatedly asked Etihad for information related to its dealings and relationships with its associates.

Key Points: 
  • The steering committee of Noteholders (the Steering Committee) has repeatedly asked Etihad for information related to its dealings and relationships with its associates.
  • The Steering Committee still seeks to find a mutually agreeable resolution to the matters related to the Notes, including the non-payment of required interest, and will reserve no effort to protect the interests of the Noteholders.
  • Accordingly, the Steering Committee looks forward to engaging constructively with the relevant stakeholders and reiterates its invitation to Etihad, the other underlying obligors, and other interested related parties to work with the Steering Committee to identify a consensual path forward as expeditiously as possible.
  • The Steering Committee can be contacted via its financial adviser, PJT Partners (UK) Limited, at [email protected] .

Poly Global to Recycle Funds from Sole UK Commercial Asset

Retrieved on: 
Thursday, March 12, 2020

The decision to sell the commercial building follows a renewed strategic focus on expanding the diversity of investments and developments within the UK.

Key Points: 
  • The decision to sell the commercial building follows a renewed strategic focus on expanding the diversity of investments and developments within the UK.
  • Poly is an international property developer with offices already established in Australia, US, UK, China and Hong Kong.
  • Poly Global entered the UK market in January 2016 when it bought the 130,000 sq ft 5 Fleet Place from sovereign wealth fund Abu Dhabi Investment Authority.
  • Poly is also developing a residential development in the UK at Millbrook Park north of London, named as Plaza Collection by Poly.

Abu Dhabi Ports Collaborates with Robert Allan Ltd. to Develop the World’s First Unmanned Autonomous Commercial Tugboats

Retrieved on: 
Wednesday, March 4, 2020

Abu Dhabi Ports announced today its collaboration with a global commercial vessel designer and tugboat leader, Robert Allan Ltd ., to develop the worlds first fully unmanned autonomous commercial marine tugs .

Key Points: 
  • Abu Dhabi Ports announced today its collaboration with a global commercial vessel designer and tugboat leader, Robert Allan Ltd ., to develop the worlds first fully unmanned autonomous commercial marine tugs .
  • Maktoum Al Houqani, Chief Corporate Authority Officer, Abu Dhabi Ports, and Mike Fitzpatrick, President and CEO of Robert Allan Ltd. sign the landmark agreement, in the presence of H.E.
  • (Photo - AETOSWire)
    Once developed, the tugs will join SAFEEN, Abu Dhabi Ports maritime service arm, which maintains an expanding fleet of world-class service vessels.
  • Captain Mohamed Juma Al Shamisi, Abu Dhabi Ports Group CEO, said: Our cooperation with Robert Allan to develop a new generation of tugboats equipped with superior capabilities and modern technologies, reflects our commitment to ensuring that the infrastructure at Abu Dhabi Ports is at the cutting edge.

Intelex Partnerships With Etihad Airways and Evonik Recognized As Finalists in Verdantix 2020 Operational Excellence Innovation Awards

Retrieved on: 
Monday, March 2, 2020

Reading, UK, March 02, 2020 (GLOBE NEWSWIRE) -- Independent research firm, Verdantix, announced that partnerships of Intelex Technologies, ULC, a leading provider of SaaS-based Environmental, Health, Safety, and Quality (EHSQ) management software, and its customers, Etihad Airways and Evonik Industries, have been named finalists of the Inaugural Verdantix 2020 Operational Excellence Innovation Awards.

Key Points: 
  • Reading, UK, March 02, 2020 (GLOBE NEWSWIRE) -- Independent research firm, Verdantix, announced that partnerships of Intelex Technologies, ULC, a leading provider of SaaS-based Environmental, Health, Safety, and Quality (EHSQ) management software, and its customers, Etihad Airways and Evonik Industries, have been named finalists of the Inaugural Verdantix 2020 Operational Excellence Innovation Awards.
  • Based in Abu Dhabi, Intelex customer, Etihad Airways, is the national airline of the United Arab Emirates.
  • Captain Majed Al Marzouqi, Vice President Safety, Security and Quality for Etihad Aviation Group, said, "Etihad is delighted to be nominated as a finalist and the only airline in the Verdantix Operational Excellence Innovation Awards.
  • Winners of the Verdantix 2020 Operational Excellence Innovation Awards will be announced on March 3rd at the Verdantix HSE & OpEx Innovation Summit EMEA, taking place at the new Tottenham Hotspur FC Stadium in London, UK.

Ferrari World Abu Dhabi's Family Zone Now Open to the Public

Retrieved on: 
Saturday, February 29, 2020

ABU DHABI, UAE, Feb. 29, 2020 /PRNewswire/ -- Ferrari World Abu Dhabi, the World's Leading Theme Park, welcomed guests today to experience its all-new Family Zone for the first time.

Key Points: 
  • ABU DHABI, UAE, Feb. 29, 2020 /PRNewswire/ -- Ferrari World Abu Dhabi, the World's Leading Theme Park, welcomed guests today to experience its all-new Family Zone for the first time.
  • The new zone promises to deliver unrivalled thrills that mirror the adult guest experience at the iconic red-roofed theme park.
  • The launch of the Family Zone is one of the many special surprises lined up throughout 2020, as Ferrari World Abu Dhabi gears up to celebrate its 10th anniversary this November.
  • Commenting on the launch of the new Family Zone, Bianca Sammut, General Manager of Ferrari World Abu Dhabi, said, "It fills us with great pride and joy to officially open the Family Zone at Ferrari World Abu Dhabi with four game-changing miniature attractions inspired by our fan-favorite rides.

Ferrari World Abu Dhabi's Family Zone Now Open to the Public

Retrieved on: 
Saturday, February 29, 2020

ABU DHABI, UAE, Feb. 29, 2020 /PRNewswire/ -- Ferrari World Abu Dhabi, the World's Leading Theme Park, welcomed guests today to experience its all-new Family Zone for the first time.

Key Points: 
  • ABU DHABI, UAE, Feb. 29, 2020 /PRNewswire/ -- Ferrari World Abu Dhabi, the World's Leading Theme Park, welcomed guests today to experience its all-new Family Zone for the first time.
  • The launch of the Family Zone is one of the many special surprises lined up throughout 2020, as Ferrari World Abu Dhabi gears up to celebrate its 10th anniversary this November.
  • Commenting on the launch of the new Family Zone, Bianca Sammut, General Manager of Ferrari World Abu Dhabi, said, "It fills us with great pride and joy to officially open the Family Zone at Ferrari World Abu Dhabi with four game-changing miniature attractions inspired by our fan-favorite rides.
  • After working up an appetite at the Family Zone, little ones are in for a treat with Mamma Rossella's brand-new kids' menu.

Abu Dhabi Grand Slam London: Stars Line Up for the 2019/2020 Season Closer; With Cash Prizes Up To $235000

Retrieved on: 
Thursday, February 27, 2020

LONDON, Feb. 27, 2020 /PRNewswire/ -- The final stop in the Abu Dhabi Grand Slam Tour is 2 weeks away .

Key Points: 
  • LONDON, Feb. 27, 2020 /PRNewswire/ -- The final stop in the Abu Dhabi Grand Slam Tour is 2 weeks away .
  • The2019/2020season reaches its grand finale on March 7-8, in London, England.
  • The line up of black belt stars is already significant, even one month before the event.
  • Big names have secured their spot in their weight classes in search of more points in the annual AJP ranking.