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Abu Dhabi To Charge Citizens For Water Use, Hikes Tariffs For Residents

The emirate, which provided water for free to UAE citizens, will charge a fee of Dhs1.7 per 1,000 litres for Emiratis from next year.

Abu Dhabi’s Aldar Properties Q3 Net Profit Up 41%, Beats Estimates

Aldar made a profit of Dhs584 million ($159 million) in the third quarter of 2014, compared with Dhs413 million in the corresponding period in 2013.

EmiratesLNG To Start Operations Mid-2018 – CEO

Once complete, the terminal will be capable of supplying an average of 1.2 billion standard cubic feet (bcf) of natural gas per day to the UAE.

EU To Approve Etihad’s 49% Buy Of Alitalia -Sources

The sources said the EU antitrust authority had accepted the airlines’ offer to give up some airport slots on the Rome-Belgrade route to facilitate rivals.

Lamprell Gets $365m Rig Contract From Abu Dhabi’s NDC

Lamprell’s shares rose as much as 5.8 per cent to 150.25 pence in morning trade, following the announcement.

UAE’s Mubadala Petroleum Says Second Thai Oilfield Starts Production

Output is expected to reach a peak rate of around 15,000 barrels of oil per day (bopd) as the wells are completed at the Manora oil field, the company said.

Abu Dhabi’s Bildco Tumbles After Q3 Loss Widens

Bildco posted a loss of Dhs10.8 million ($2.9 million) in the three months to Sept. 30, compared with a loss of Dhs7.7 million in the same period a year earlier.

Abu Dhabi Onshore Oil Co To Invest $5-7bn To Raise Output -CEO

The state-owned crude oil producer currently produces 1.6 million barrels per day.

Construction Begins On Abu Dhabi’s New Mega Mall, Al Maryah Central

The 2.3 million sqft mall, located in Al Maryah Island, is scheduled for opening in March 2018.

UAE’s Waha Capital Continues Rally After Strong Q3

The firm’s third-quarter profit more than doubled, driven by higher income from its stake in AerCap Holdings.

Stock News: UAE Markets Rise, Qatar Flat

Dubai’s index added 1.1 per cent, buoyed by Emaar and Dubai Islamic Bank while Abu Dhabi’s index rose 0.7 per cent.

Abu Dhabi Fund Holding Off On Virgin Galactic Decision -Source

The backing of deep-pocketed Aabar Investments may be crucial to Virgin Galactic as it struggles to recover from the accident.

Etihad Recruits 40 Alitalia Pilots Post Acquisition

A total of 38 pilots are expected to commence work at Etihad Airways by the end of this year with the remaining two joining in the first two months of 2015, the airline said.

Abu Dhabi’s Yas Mall To Open To Public On November 19

The opening is timed to coincide with the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix.

UAE’s Etisalat Says Profit Cut By $44m Due To Mobily Earnings Debacle

Etisalat owns 27.5 per cent of Mobily, which on Monday cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors.

Abu Dhabi May Reform Power, Water Subsidies – IMF Official

Subsidies and transfers accounting for nearly 20 per cent of annual expenditure in Abu Dhabi, according to the IMF.

Abu Dhabi Islamic Bank Posts 21% Q3 Net Profit Jump

The bank made a net profit of Dhs476.8 million ($129.8 million) in the three months to Sept. 30, up from Dhs395.5 million in the prior-year period.

Yas Marina Says 90% Of F1 Abu Dhabi Grand Prix Tickets Sold Out

The Yas Marina Circuit has allocated 60,000 seats for this year’s F1 race, taking place between November 20-23.

Alshaya’s Investment In Abu Dhabi’s Yas Mall To Create 2,000 Jobs

The retail group will open 42 brands in Yas Mall, including the UAE’s first Pottery Barn Teen and Icing store.

UAE Lender NBAD Names Former Barclays Veteran As Retail Banking Head

Suvrat Saigal, previously head of consumer banking at Barclays in India, takes over from George Beatty, who resigned in January.

Drake & Scull Wins Dhs172m Contract For District Cooling Plant In Abu Dhabi

Work on the plant has already begun and is scheduled to be completed by the fourth quarter of 2015, the company said.

UAE Lender ADCB To Open Singapore Office

ADCB launched a representative office in London five months ago, and has two branches in India.

Etihad Boosts India Network With Additional Flights To Mumbai, Delhi

Triple daily services will begin to Mumbai on February 15, and to New Delhi on May 1, 2015.

Abu Dhabi New Financial Zone Hires Regulatory Chief From Singapore

Richard Teng, most recently chief regulatory officer at the Singapore Exchange, will be CEO of the regulator at the Abu Dhabi Global Market.

Etihad, Alitalia Offer Concessions In Bid For EU Approval For Stake Deal

The European Commission said on its website that it would decide by Nov. 17 whether to clear the deal.

Soccer-Real Seal Strategic Partnership With Abu Dhabi’s IPIC

The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms, IPIC said.

National Bank Of Abu Dhabi Q3 Net Profit Rises 32%

NBAD made a net profit of Dhs1.37 billion ($373 million) in the three months to Sept. 30.

Macy’s To Open Its First International Store In Abu Dhabi

The Abu Dhabi Macy’s will span about 205,000 square foot while the new Bloomingdale’s, the UAE’s second, will be spread across 230,000 square foot.

Abu Dhabi’s Al Jaber Group Wins $700m Building Contract

The project which includes 1,920 residential units for Adnoc staff in Ruwais is scheduled for completion in two years.

UAE’s First Gulf Bank Q3 Profit Rises 20%, Beats Estimates

The lender made Dhs1.43 billion in the three months to Sept. 30.