€5bn to be raised by Marfin for new investments

€5bn to be raised by Marfin for new investmentsWith the aim to raise new investments for shares on the Athens Stock Exchange, Marfin, a Greek investment firm is planning to raise €5bn ($7bn), a step that will risk uncertain markets. A similar step was taken by the company last year when it has raised and rapidly invested a same amount of money.

Abu Dhabi Oil Refining Company selects UOP Technology for refinery expansion

Abu Dhabi Oil Refining Company selects UOP Technology for refinery expansionToday an announcement was made by UOP LLC, a Honeywell company, that they have been selected by the Abu Dhabi Oil Refining Company, also known as Takreer, with the aim to supply technology and engineering services for an expansion at its Ruwais Refinery in the United Arab Emirates.

Abu Dhabi film festival to include a section on environmental films

Abu Dhabi film festival to include a section on environmental filmsThe organizers of the second annual Middle East International Film Festival (MEIFF), to be held in the Gulf emirate of Abu Dhabi informed recently that a new section dedicated to films about the environments would be included in the event this time.

European Tour setback for Mickelson's plans

Phil MickelsonEarlier, the European Tour was supposed to be joined by big names like Phil Mickelson and others, but now it seems that they will give a final thought to it, since an increase in the minimum number of events required for membership  from 11 to 12, was introduced. Further it was specified that at least two of these events would be held in continental Europe, a place where due to weekened fields, a lot of tournaments have suffered.

ADIH signs an MoU with Shanghai construction

Abu Dhabi Investment HouseA memorandum of understanding (MoU) has been signed between Abu Dhabi Investment House (ADIH) and Chinese construction firm Shanghai Construction (Asia) Company (SCAC), under which they have agreed to construct a 50-50 joint venture (JV).

Nearly 16 real estate projects across China would be acquired through this venture, which will be worth $6 billion.

President of future Abu Dhabi campus selected by NYU

Swarthmore College president Alfred H. BloomSwarthmore College president Alfred H. Bloom, who has long served as a college administrator, has now been appointed as the president of the future degree-granting Abu Dhabi campus in the United Arab Emirates, by the New York University.

UAE banks haunted by ATM frauds

Lloyds TSBA well known newspaper of UAE reported on Tuesday that the banks have blocked international ATM transactions to better fight fraud transactions, and this will definitely be An inconvenience for those who are spending their holidays abroad, since they won’t get any access to cash.

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