Home next UAE next Abu Dhabi

Abu Dhabi

Alitalia CEO Says Etihad Needs 3-4 Weeks For Due Diligence

A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.

Dubai, Abu Dhabi Firms To Hike Housing Allowances In 2014

Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.

Etihad To Launch Daily Phuket Flights

UAE residents and holidaying Europeans now have improved access to the popular Thai destination

UAE’s ADCB Picks Banks For 5-Yr Benchmark Bond

ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.

UAE Food Producer NFPC Signs Dhs1.5bn Deal With Kizad

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.

Abu Dhabi’s Al Khalidiyah Mall To Open New Samsung, Victoria’s Secret Stores

Al Khalidiyah Mall has launched a new 3D cinema and a bowling alley in addition to opening new international branded stores.

Tenants Become Investors As Abu Dhabi Engineers Property Rebound

Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.

Abu Dhabi Rents Shoot Up In Q4 2013

One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.

Shell Sells Australian Downstream Oil Assets For $2.2bn

Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.

New Abu Dhabi Finance Centre Appoints DFSA COO As Advisor

Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.

UAE’s Gulf Marine Services Plans London IPO

GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.

India Regulator Issues Notice To Etihad On Jet Deal

The Abu Dhabi carrier may have to make a tender offer to buy the entire 25 per cent public holding in Jet.

Abu Dhabi’s Aldar To Refinance $2.2bn Debt This Year

The Abu Dhabi property firm is open to bank loans as well as bonds, according to the firm’s CFO.

Abu Dhabi Developer Aldar Q4 Profit Rises 79%

Profit rose on the back of gains from the acquisition of Sorouh and handover of residential units.

Abu Dhabi-Owned Manchester City To Break Even This Season – CEO

The club’s CEO Ferran Soriano also confirmed that they did not breach Financial Fair Play rules in the last two campaigns.

Mubadala Says Assessing Options For $1.25bn Bond Maturity

The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009.

Abu Dhabi’s IPIC To Triple Emirati Workforce

IPIC will recruit UAE nationals for roles across a number of its projects.

Papua New Guinea Appoints UBS To Refinance $1.48bn Abu Dhabi Bond

The five-year bond was issued to Abu Dhabi’s International Petroleum Investment Co (IPIC) in 2009.

Abu Dhabi’s Largest LuLu Hypermarket Opens In Capital Mall

The new mall is located in Mohammed bin Zayed City.

Abu Dhabi Islamic Bank 2013 Q4 Profit Up 41%

The lender made a net profit of Dhs343 million in the fourth quarter compared with Dhs242.8 million in the same period in 2012.

Abu Dhabi’s TAQA To Build UAE Desalination Plant

Construction is expected to start in early 2015 and commercial operations in 2017.

Waha Capital 2013 Profit Up 43%

The firm’s total assets grew to Dhs5.2 billion from Dhs4.4 billion a year earlier.

Etihad Regional Starts Geneva-Stuttgart Flights

New route enables Stuttgart passengers to connect with Etihad’s global network via Geneva

Abu Dhabi 2013 Growth Accelerated, Sees Strong 2014

GDP growth in 2014 for the emirate has been forecast at 6.7 per cent.

Yas Mall To Open On Formula One Weekend

The mall – measuring 2.5 million sq ft – will operate 400 stores and a 20-screen cinema.

National Bank of Abu Dhabi To Hire Over 100 UAE Nationals In 2014

The bank is on a hiring spree as it grows its commercial business and expands overseas.

Etihad In Final Due Diligence Stage For Alitalia Stake Buy

Abu Dhabi-based Etihad is reportedly planning to buy a 40 per cent stake in the struggling Italian carrier.

Union National Bank Q4 Net Profit More Than Doubles

The lender made a net profit of Dhs306 million in the three months to December 31, up from Dhs136 million in 2012.

Cathay Pacific To Drop Jeddah and Abu Dhabi

While flights to both cities are being axed, Bahrain is to be expanded and double-daily Dubai is unaffected

Dubai’s Arabtec Wins $5.5bn Contract From Aabar

The contract is one of the largest construction deals awarded to any builder in the UAE since 2008.