Etihad has finished reviewing Alitalia’s books as it considers whether to invest as much as 300 million euros via a capital increase, sources say.
A carrier must be more than 50 per cent owned and “effectively controlled” by an EU member state or EU citizens to obtain an operating license.
Abu Dhabi’s prime properties recorded modest rental growth while rates in most lower end areas remained unchanged.
Fast-growing airport must keep up with Etihad’s growth ahead of Midfield Terminal Building’s launch
Organisers have announced the sale of tickets for the Abu Dhabi Grand Prix, to be held in November 2014.
The International Automobile Federation (FIA) made the points change in a bid to keep the championship alive as long as possible.
The Islamic lender plans to expand its retail and wholesale banking business locally and internationally over the next five years.
The facility replaces the previous $505 million facility secured in 2011.
Abu Dhabi’s Etihad Airways is in talks to acquire 40 per cent of Italy’s struggling flag carrier.
The lender attributed the profit rise to growth in assets and improvement in asset quality and liability mix.
Etihad will take delivery of 18 aircraft this year that include 10 Airbus aircraft and eight Boeing planes.
The investments will mainly target equity stakes in private companies as well as other asset classes including real estate or infrastructure.
Gulf Capital floated approximately 40 per cent of its holding in Gulf Marine Services on the London Stock Exchange earlier this month.
Etihad’s chief executive confirmed that the initial loan of $40 billion to Air Serbia will be converted to equity.
The JV, Etihad Rail DB, will manage operations for the first stage of the railway.
The company has given no details of the timing or size of the listing.
TAQA’s chief executive told media that the firm’s capex will be “a little less than in 2013”.
Air Berlin needs to remain German so as not to lose its traffic rights outside the European Union, a German weekly reported.
Ahmad Belhoul, the CEO of Strategy at Dubai’s Department of Tourism and Commerce Marketing, has been appointed as Masdar’s new CEO.
Reports claim Etihad’s stake in Aer Lingus is now valued at just under €37 million
Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.
The loan, which refinances an existing $1.1 billion facility, attracted commitments from lenders worth more than $5 billion.
Prior to joining Coutts, Dugan was CIO of Dubai’s Emirates NBD.
The debt is being rolled over for five years at a one per cent annual interest rate, WAM said in an official statement.
Amal Al Qubaisi was also the first woman to be elected to the UAE’s Federal National Council in 2006.
Abu Dhabi Commercial Bank bought back seven per cent of its shares last year after it secured approval for a 10 per cent buyback.
Both the companies will jointly invest in a new fuel farm and a hydrant system that will enhance the fuel storage capacity of the airport.
Housing, water and electricity costs rose 1.5 per cent in the last two months and were the largest contributors to the overall increase in the consumer price index.
The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.
The projects have a total developmental value of Dhs5.7 billion and are being fully funded by the Abu Dhabi government.