The Gate and Arc Towers development located in Shams Abu Dhabi are made up of 3533 units, of which Aldar retained over 1300 units as part of their recurring-income portfolio.
Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).
The service, which will initially operate thrice a week, will be upgraded to a daily service in 2015 owing to strong demand, the company said.
Patrick Gordon will replace Shane O’Hare, who served as the CEO of the private charter company since 2007.
Manazel Real Estate has launched 860 two and three-bedroom villas in the new Al Reef development.
Yas Mall, developed by Aldar, is set to open in November and will feature over 370 retail and F&B brands.
The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.
Al Worood Academy Private School will be shut down for grave negligence after a four-year pupil died after being left in a school bus.
The lender made a net profit attributable to equity holders of Dhs1.02 billion.
A huge dome structure weighing 7,000 tonnes has been installed as part of the museum project.
The airlines will fly two Airbus A330-200 aircraft with the Expo livery starting from October 21 between Rome and Abu Dhabi.
Waha Capital has secured regulatory approval to buy back up to 10 per cent of its outstanding shares.
The company’s chief executive said that the fund is looking to invest in sectors such as power and water, oil and gas, healthcare and education.
FGB, majority-owned by Abu Dhabi’s ruling family, signed an agreement with Integrated Financial Group.
Etihad has agreed to relinquish a role in the appointment of top executives at Darwin.
The airlines, both battling to return to profitability, said the codeshare deal would cover 412 flights between Italy, Germany, Austria and Switzerland.
The boost in third quarter revenues was mainly due to rising passenger demand and cargo growth during the summer, the airline said in a statement.
Currently around 30 public entities are offering their services on mobiles, a senior official confirmed.
Etihad and Air Berlin have in the past shared codes on flights to around 60 destinations, meaning their number of shared flights will more than halve.
The company placed its Trekker camera on top of a camel to capture the imagery.
Called Etihad Airways Partners, the group initially includes six airlines and aims to provide improved networks and better frequent flyer benefits.
IHG targets mid-market growth with second Holiday Inn in UAE capital
The Mirfa IWPP was financed through a mix of bank debt and equity from the shareholders, a statement from ADWEA said.
The Abu Dhabi fund acquired Hewlett-Packard’s 40 per cent stake in Injazat for an undisclosed sum.
The firm announced it had completed the acquisition of 100 per cent of London-based Pioneer Trader Ltd.
Erich Pfister joins the bank from Credit Suisse, where he was head market area United Kingdom and international.
The group will acquire almost 10 per cent stake in British trading firm East India Company along with a 40 per cent share in its fine foods subsidiary.
The introduction of debt listing and trading is expected to expand the exchange’s activities and make it easier for local companies to sell debt instruments.
The new mixed-use development is located in the Saadiyat Cultural District.
Air Berlin said that the authorities were trying to put a new spin on the provisions of an air transport deal between Germany and the UAE during the review of the airlines’ winter schedules.