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Abu Dhabi

Arms Exporters Eye Big Deals At UAE’s IDEX, Mideast’s Largest Defence Show

The Middle East is the largest market driver in the industry with billions of dollars spent annually on buying military equipment.

ADCB To Meet Investors From Monday For Potential USD Bond

Abu Dhabi Commercial Bank (ADCB) will meet investors in Europe, it said.

Aldar Leases Out 90% Of Burj Mohammed Bin Rashid Project

The tower is also the tallest building in Abu Dhabi and is named after Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum.

Abu Dhabi’s NMC Health Says Signs $825m Loan Facility

The facility is divided into two tranches and will be used to refinance existing debts of NMC and to fund its acquisitions.

Total CEO Hails Abu Dhabi Concession As “Blockbuster”

Four oil majors — ExxonMobil, Royal Dutch Shell , Total and BP — had each held 9.5 per cent equity stakes in the ADCO concession since the 1970s.

Abu Dhabi Expat Dies Of MERS

The 38 year-old man developed symptoms on December 29, 2014 and passed away on February 6 this year.

Abu Dhabi’s Aldar Says Mega-Mall Revenue Will Help Cut Debt In 2015

The developer reported a 61 per cent jump in quarterly profit.

Abu Dhabi’s Aldar Q4 Net Profit Rises 61%

The company’s annual profit was Dhs2.24 billion in 2014, almost flat compared to Dhs2.25 billion in 2013.

Dubai Named The Most Sustainable City In The Region

Dubai was ranked 33rd globally in a newly launched sustainability index, closely followed by Abu Dhabi at 34.

Rights Group Says Workers Still Abused At Abu Dhabi Louvre Project, Company Denies

Human Right Watch conceded there had been some improvements for workers, who mostly come from India, Pakistan, Bangladesh, Sri Lanka, and Nepal.

UAE’s ADNOC Inks $500m Technical Agreement With Oxy

ADNOC holds a 70 per cent share in the fields development venture, while Occidental holds 30 per cent, a statement said.

Abu Dhabi Gas Firms Award $1.6bn Expansion Contracts

The contracts were awarded to a consortium involving Italy’s Maire Tecnimont and Greece’s Archirodon, Spain’s Tecnicas Reunidas, and the UAE’ National Petroleum Construction Co.

Jumeirah To Open Abu Dhabi Resort In 2017

Luxury operator’s resort, its second property in the UAE capital, set to open on Saadiyat Island

Etihad-Backed Jet Airways Posts First Quarterly Profit Since 2012

The airline’s total revenue for the third quarter of the fiscal year 2015 rose nine per cent to reach $875 million.

Abu Dhabi’s Khalifa Port 2014 Container Volumes Grow 26%

Khalifa port handled 1.13 million TEUs (twenty-foot equivalent unit containers) in 2014.

ADNOC Starts Production At New Ruwais Refinery

The refinery has started production at the crude unit and a hydrotreater and is currently producing gasoil, jet fuel and naphtha.

Abu Dhabi’s Gulf Capital Seals $232m Loan To Fund Investments

The six-year revolving credit facility was lead arranged by First Gulf Bank and Abu Dhabi Commercial Bank.

UAE’s NBAD To Price Benchmark Five-Year dollar Bond On Weds

The bond, rated AA- by Standard and Poor’s and Fitch, will be listed on the London Stock Exchange.

Etihad Acquires 75% Stake In Alitalia’s Frequent Flyer Scheme

MilleMiglia is Italy’s largest frequent flyer programme, with 4.6 million existing members and more than 20,000 new members a month.

UAE’s Massar Solutions Says Postpones Flotation, Cites Poor Demand

Massar will postpone the initial public offering (IPO) until oil prices are more stable, it said.

Abu Dhabi Residential Rents Up 17% In Q4 2014

The capital has seen a rise in demand for affordable properties over the last 12 months as cost of living surged, CBRE said in a report.

UAE Bank NBAD To Start Market-Making On Abu Dhabi Exchange

NBAD is the first official market maker in the Gulf region, the chief executive of Abu Dhabi Stock Exchange said.

UAE’s NBAD To Meet Investors From Tuesday For Potential Dollar Bond

National Bank of Abu Dhabi will meet investors in Asia and Europe, it said.

Etihad’s Passenger Growth Up 23% In 2014

The airline said that it transported around 74 per cent of the 19.9 million passengers who travelled through Abu Dhabi International Airport last year.

Al Noor Hospitals Says No Plans To Dual List In Abu Dhabi

Al Noor’s confirmation comes after ADX chief said that most local firms listed in the London market had agreed to dual list in Abu Dhabi.

UAE’s Massar Solutions Postpones Floatation On Poor Demand

Less than half of the shares in the Dhs576 million IPO were taken up by investors for whom they were reserved, a report said.

Abu Dhabi Bourse Suspends Three Stocks Over Technical Issue

The bourse said the issue had to do with ownership proportions.

Etihad Airways Launches First B787 Dreamliner Flight

CEO claims new widebody aircraft provides clear reduction in operating costs and carbon emissions

Abu Dhabi’s Waha Capital Q4 Profit Nearly Doubles

Waha made a net profit of Dhs142.1 million in the last quarter of 2014 compared to Dhs75.6 million in the same period a year ago.

Revealed: World’s Top 10 Safest Cities

Abu Dhabi grabbed the top spot in the region, ranking 25 among the top 50 safest cities in the world.