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Abu Dhabi

Total Wins 10% Stake In Abu Dhabi’s Largest Onshore Oil Fields

ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.

Abu Dhabi Launches New Water Taxi Service To Eastern Mangroves

The weekend Abra service will run from Souk Qaryat Al Beri to Eastern Mangroves, with stops at three five-star hotels.

UAE Lender NBAD Beats Forecasts With 28% Q4 Net Profit Rise

NBAD made a net profit of Dhs1.372 billion ($373 million) in the last quarter of 2014.

UAE Fund ADFG Targets $100m Finance Buyout By June – CEO

It would be the third purchase by the privately-owned investment firm in the non-banking financial services sector in recent months.

Etihad Cancels New York Flight As Winter Storm Hits Northeast US

The Abu Dhabi airline is offering passengers travelling on January 27 and 28 the option to postpone their tickets.

Etihad To Employ More Than 6,000 Emiratis By 2020

The airline is partnering with a number of government organisations and educational institutions to recruit UAE nationals.

Abu Dhabi Rents Rose 11% In 2014, Expected To Slow In 2015 – JLL

Dropping oil prices are anticipated to lead to a slowdown in rents and property prices this year, says JLL report.

NMC Health Planning To Dual-List In Abu Dhabi This Year

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Abu Dhabi Bourse CEO Says Most London-Listed Local Firms Agree Dual-Listing

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Abu Dhabi Islamic Bank Q4 Net Profit Rises 19.3%

The bank made a net profit of Dhs409.6 million in the last quarter of 2014, it said in a statement.

Abu Dhabi Commercial Bank Q4 Net Profit Jumps 16%, Hikes Dividend

The bank made a net profit of Dhs1.02 billion ($277.7 million) in the fourth quarter of 2014, it said in a statement.

IMF Cuts UAE’s 2015 Growth Forecast

The Gulf country is expected to see a growth of 3.5 per cent for 2015 and 2016, according to IMF’s latest update.

Abu Dhabi’s Al Hilal Bank Says CEO Berro Resigns

Sarie Ahmed Arar, currently the executive vice president of wholesale banking, will assume the role of acting CEO.

Etihad Says Remains Committed To Darwin Airline Tie-Up

Etihad is in the process of buying a 33.3 per cent stake in Darwin, which has already rebranded itself Etihad Regional.

Etihad And Alitalia Unveil Network Details

Sicily set to be the fifth Italian destination connected to Abu Dhabi

Aabar Investments Inks Deal With Manchester City Women’s Football Club

As part of the deal, Aabar will sponsor the team’s pre-season training camp and receive a certain portion of match-day advertising.

UAE, France Ink Deal To Fund Renewable Energy Projects

The countries are looking to announce their first project this year and are currently reviewing project proposals in the Middle East, a joint statement said.

Abu Dhabi Developer TDIC Confirms CFO Departure

TDIC’s deputy finance head Matt Matharu is currently serving as acting CFO, a spokesman said.

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Abu Dhabi’s Al Jaber Says Wins $545m Road-Building Contracts

Abu Dhabi General Services Co awarded the contracts to the company for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi.

UAE’s ADNOC Seeks 288,000 T Gasoline For March-April Delivery

The specified amount is slightly higher than the usual volumes that the company buys, a Singapore-based trader said.

Citigroup Loses Appeal Over Abu Dhabi Fund’s Arbitration

Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.

National Bank Of Abu Dhabi Hires Low As SE Asia Debt Head

Wynce Low was previously head of debt capital markets for HSBC in Malaysia.

US Preclearance At Abu Dhabi Airport Now Extended To All US-Bound Flights

The facility will now be operational for Etihad’s early morning flights, EY103 to New York JFK and EY183 to San Francisco.

UAE’s Al Jaber Group Confirms CEO Exit

The Abu Dhabi-based group has seen a number of management changes in the last two years.

Abu Dhabi Airport Hit By More Fog, Reschedules Some Flights

Normal operations are expected to resume by later on Thursday afternoon, the spokesman said.

Abu Dhabi Plastic Maker Borouge Says Prices To Steady In 2015

Borouge is a joint venture between state-owned Abu Dhabi National Oil Company and Austria’s Borealis.

Abu Dhabi Financial Centre To Base Rules On English Common Law

The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.

Etihad Forecasts Normal Operations Post Fog Delay

The airline will also review the amount of time its flights can be on the tarmac with passengers on board, following reports of passengers being held on a plane for nearly 12 hours.

UAE’s Al Jaber Group Wins Contract To Build New Airport in Saudi Arabia

The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.

Abu Dhabi Government Reveals UAE’s Public Holidays In 2015

There are 10 public holidays for all workers in the public sector.