Though some employers were considerate enough to allow employees to work from home, some have asked staff to report to work now
The agreement was signed at ICT head office in Abu Dhabi by Hamad öAbdulla Al Shamsi, Chief Executive Officer of ICT, and Nuhad Saliba, General Manager Wholesale & International at ADIB, in the presence of senior executives from both parties.
Nuhad Saliba, General Manager Wholesale & International at ADIB, commented on the agreement: “Our cooperation with ICT is in line with our vision to support development projects in the UAE. ICT is a leader in the Abu Dhabi property sector and is well known for real estate investment and development projects in the UAE. We are pleased to support their financing needs, as well as other private sector companies.”
“ADIB has shown remarkable growth in financing such big-ticket investments and has played a central role in project finance in the UAE. We remain liquid and well capitalized, and our capacity for project finance is excellent. We will continue to play a leading role in bringing back business confidence and in supporting economic growth,” Nuhad added.
Hamad Abdulla Al-Shamsi commented: “We welcome the efforts of ADIB to provide innovative and customized financing structures to meet our requirements. We are committed to playing an integral part in the social and economic development of Abu Dhabi. I would like to congratulate the ADIB team in making this deal a reality.”
ICT is a private investment company based in Abu Dhabi. Its business activities include owning, developing and managing real estate as well as investing in a wide range of asset classes, ranging from equities to direct investments and real estate.
Though some employers were considerate enough to allow employees to work from home, some have asked staff to report to work now
It is a tale of love and dedication scripted in the heart of Abu Dhabi
The event brought together key players in the polo community to celebrate a successful season and honour outstanding achievements
In the first two days after the torrential rain on Tuesday, around 1,244 flights were cancelled
There has been fear that decades of enmity between the two could spill over into all-out war
The leading hypermarket chain has implemented additional measures to ensure sufficient stock availability for shoppers
Thousands of personnel deployed to clear accumulated water, clogged drains, and fallen trees
Areas such as Abu Shagara, Al Qasimiya, King Faisal Road, Al Mahatta, and Majaz have been particularly affected