Hub designed to promote guest interaction, showcase arts and offer day-and-night F&B
Revenue for the group, which operates three hospitals and 12 clinics in the UAE, rose 12.5 per cent year-on-year to $365 million in 2013.
The airline benefited from a 30 per cent increase in partnership revenues, to $820 million, as its equity alliance stable rose to seven airlines.
Talks between the airlines intensified last month and sources close to the matter said Etihad might be interested in buying a stake of up to 40 per cent in the Italian carrier.
Etihad would have to be convinced that Alitalia could be moved to profitability, the Abu Dhabi airline’s CEO James Hogan told reporters.
Guests numbers at Abu Dhabi hotels reached 276, 970 during January with hotels earning Dhs522 million in revenues.
The Gulf carrier will initially operate the extra flights on two three-class Boeing 777-300ERs, leased from partner Jet Airways, and from May 1, Jet Airways will take over the service
A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.
Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.
UAE residents and holidaying Europeans now have improved access to the popular Thai destination
ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.
The deal would see an initial investment of Dhs1.5 billion by NFPC to build a mega-facility that will be spread across eight million sq ft of land in Kizad.
Al Khalidiyah Mall has launched a new 3D cinema and a bowling alley in addition to opening new international branded stores.
Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.
One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.
Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.
The Abu Dhabi carrier may have to make a tender offer to buy the entire 25 per cent public holding in Jet.
The Abu Dhabi property firm is open to bank loans as well as bonds, according to the firm’s CFO.
Profit rose on the back of gains from the acquisition of Sorouh and handover of residential units.
The club’s CEO Ferran Soriano also confirmed that they did not breach Financial Fair Play rules in the last two campaigns.
The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009.
IPIC will recruit UAE nationals for roles across a number of its projects.
The five-year bond was issued to Abu Dhabi’s International Petroleum Investment Co (IPIC) in 2009.
The new mall is located in Mohammed bin Zayed City.
The lender made a net profit of Dhs343 million in the fourth quarter compared with Dhs242.8 million in the same period in 2012.
Construction is expected to start in early 2015 and commercial operations in 2017.
The firm’s total assets grew to Dhs5.2 billion from Dhs4.4 billion a year earlier.
New route enables Stuttgart passengers to connect with Etihad’s global network via Geneva