Claude Henri Chavanon replaces Alan Durrant who left NBAD recently.
The Abu Dhabi developer has sold three plots of land to help meet its creditor obligations, but is still facing a huge deficit in its debts to the Abu Dhabi courts.
The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.
The lender has repaid the remaining Dhs2.6 billion of a Dhs6.6 billion loan facility it borrowed from the government.
The move was part of an acquisition of BP assets in the North Sea agreed in 2011.
Extra flights to Amman, Cairo, Islamabad and Muscat this summer are designed to improve network-wide connectivity.
The MasterCard Cities Index report showed the UAE’s capital has a growth rate of 16.1 per cent in relation to visitor numbers.
Penney, who resigned from RBS in March, will join First Gulf Bank as head of its expanding wholesale banking division.
Deutsche Bank AG and Goldman Sachs Group are mandated joint sponsors and global coordinators, with HSBC Holdings as joint bookrunner.
The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
Today’s announcement that Hilton will assume management control of the architecturally striking hotel puts recent weeks of speculation to rest.
The service will be operated in conjunction with Etihad following the signing of a reciprocal codeshare agreement in February.
Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.
The funds raised will partly be used to buy a new vessel, refinance debt and pay investors dividends.
The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.
The trio, covering in-flight catering, ground handling and cargo, now fall under Etihad Airport Services, a wholly owned subsidiary of Etihad
Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.
ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.
The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.
Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.
TDIC made a net loss of Dhs2.17 billion in 2012 due to impairments and depreciation compared with a loss of 1.27 billion in the previous year.
The state-owned utility posted a net profit of Dhs106 million dirhams ($28.9 million) for the first quarter, compared with Dhs534 million for the year-ago period.
The MoU between the two airlines makes provision for reciprocal ‘earn and burn’ with frequent flyer programs
The 10 year loan facility will be used to develop the first phase of the residential compound
ADCB’s shares hit a 4-1/2 year high on Wednesday; the bank posted a five per cent increase in first-quarter net profit.
Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.
A study by the director of Abu Dhabi’s INSEAD business school warns homogenous teams at work can be dangerous.