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Abu Dhabi

Abu Dhabi finance zone gears up to open with draft rules

The drafts will be available for public comment over a six-week period, and the zone plans to accept its first applications for financial service operating licences by the end of this year

Etihad signs codeshare deal with Pakistan International Airlines

Through the deal, both airlines will place their code on each other’s flights between Abu Dhabi and Pakistan

Mubadala buys into Trafigura’s Spanish mines as part of new venture

For Abu Dhabi’s Mubadala, the purchase is part of a push to invest in assets other than oil.

UAE’s Etisalat says Mobily restatement, provisioning to hurt results

Saudi Arabia’s Mobily, 28 per cent owned by Etisalat, said earlier that it would reissue its 2014 and first quarter 2015 financial statements

Abu Dhabi airport passenger traffic up 14.9% in May

Airport passenger traffic growth was largely driven by flights from the US, India and Italy.

Air Seychelles appoints ex-Etihad official as new CEO

Roy Kinnear, who was a senior vice president at Etihad Airways, replaces Manoj Papa.

Etihad says not in talks to raise stake in India’s Jet

Etihad bought a stake in Jet two years ago giving it a foothold in India’s fast-growing aviation industry

Etihad buys 4 Embraer Phenom jets for training college fleet

The airline also has an option to buy three more jets from Brazil-based aircraft manufacturer Embraer

Etihad seals $23m deal to promote tourism in Australia

The deal will promote Australia among both business and leisure travellers mainly within Europe

Agility unit to invest $225m in Abu Dhabi mall project

The mall will be a partnership project, the company said

Abu Dhabi’s crown prince is new chairman of investment fund ADIC

Sheikh Mohammed bin Zayed al-Nahyan replaces President Sheikh Khalifa bin Zayed al-Nahyan at the head of the fund

Dubai among world’s top 25 most expensive cities

Dubai and Abu Dhabi were also ranked most expensive cities for expats in the Middle East, according to a new survey

Abu Dhabi records 20% rise in visitors in first four months of 2015

Over 1.3 million guests stayed in the emirate’s hotels and hotel apartments

Reem Island accused’s lawyer calls non-muslim witness accounts ‘invalid’

Alaa Bader Al Hashemi is charged with the murder of American schoolteacher Ibolya Ryan and for planting explosives at the doorstep of another resident

Etihad starts daily flights to Hong Kong

The new service will offer a total of 3,620 seats per week between Hong Kong and Abu Dhabi

UAE’s NMC Health seals latest buy with $160.6m ProVita deal

NMC will acquire 100 per cent of ProVita for cash from TVM Capital Healthcare Partners, Saudi Arabia’s Olayan Group, Al Zarooni Emirates Investment and other minority shareholders

Etihad Airways eyes $1bn through debut bond issue

The Abu Dhabi airline is planning to launch its bond through a unit or special purpose vehicle

Abu Dhabi’s new financial freezone starts accepting licence applications

Abu Dhabi Global Market is preparing for its launch in the second half of 2015

Emirates Global Aluminium says to cut 4% of workforce

The move, which would see around 250 support positions eliminated, is aimed at creating a leaner entity and increasing competitiveness.

Abu Dhabi ruler issues law to regulate property market

According to the decree, all real estate developments must be registered with the government along with sales transactions listing the buyer.

Abu Dhabi’s Royal Jet gets $117m loan to fund aircraft buys

The two Boeing 737-700 BBJ aircraft are due for delivery in September and December

UAE’s Masdar in talks with Germany’s RWE on green energy projects – source

RWE’s CEO Peter Terium had said earlier that the company was in talks with an Abu Dhabi investor regarding joint renewable energy projects, but declined to reveal its identity.

Abu Dhabi airport passenger traffic up 15.5% in April

The busiest routes in April were London Heathrow, Bangkok, Manila, Doha and Mumbai.

Etihad Airways in expanded codeshare deal with Air France-KLM

The two carriers will share codes on more flights starting this year, opening more European cities to the Abu Dhabi-based airline’s customers.

Mubadala GE joint venture says looks at options for future structure

The joint venture was studying options in the wake of the U.S. conglomerate’s decision to exit most of its GE Capital operations.

With oil low, wealthy Abu Dhabi tightens belt a notch

Less money is going towards high-profile investments abroad and there is a renewed emphasis on developing the domestic economy, bankers and businessmen say.

Etihad-backed Alitalia unveils new cabins, services and livery

Seats and services are now more closely aligned with partner Etihad.

Etihad starts Boeing 787-9 Dreamliner services to Brisbane

The service will replace Etihad’s daily one-stop flight via Singapore.

Abu Dhabi fund ADIA manages more of its billions in-house

The proportion of its assets managed by external fund managers fell to 65 per cent last year from 75 per cent in 2013, the authority said.

Etihad Airways rejects subsidy claims, attacks U.S. airline ‘oligopoly’

The Abu Dhabi airline said U.S. Open Skies policy did not prohibit airlines from receiving shareholders loans.