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Abu Dhabi Hotels Report Record 2013

Guest intake was close to 8.8 million guest nights, a 26 per cent rise on 2012.

Etihad Regional Flight Sustains Damage While Landing In Paris

None of the 16 passengers and crew members on board were injured.

First Gulf Bank Q4 Net Profit Up 19%

The lender made a net profit of Dhs1.37 billion in Q4 2013, compared with Dhs1.15 billion in the prior-year period.

Abu Dhabi’s Waha Capital Seeks $700m Loan

Waha has picked HSBC Holdings and First Gulf Bank to help arrange the five-year loan.

NBAD Hires ANZ’s James Burdett As Group CFO

James Burdett was chief financial officer for ANZ.

NBAD Q4 Net Profit Edges Down

Net profit for the quarter was Dhs1.08 billion, slightly lower than Dhs1.12 billion in the year-ago quarter.

Abu Dhabi Residential Real Estate Rebounds Strongly In 2013

Prime residential sales prices jumped 25 per cent in 2013, Jones Lang LaSalle said.

ADCB Q4 Net Profit Jumps 40%

The bank reported Dhs879 million for the quarter, beating analysts’ estimates.

UAE Gives Assurances On President’s Health After Stroke

On Saturday, state media said Sheikh Khalifa had undergone surgery after suffering a stroke and was in stable condition.

UAE President Suffered A Stroke, In Stable Condition

Sheikh Khalifa bin Zayed al-Nahyan suffered a stroke and had to undergo a surgery.

Etihad’s Hogan To Join Virgin Australia Board

The role will include attending several board meetings each year in Australia.

Etihad Announces Codeshare With New York’s JetBlue Airways

Etihad will codeshare on 40 JetBlue routes within the U.S. with further codeshares planned for later in the year.

TAQA Eyes Investments In Water Projects In MENA, India

TAQA aims to boost its water output by at least 120 million gallons per day in five years.

UAE’s Taqa Plans $1.2bn Investment In Kurdistan Oilfield

Taqa plans to invest more than $300 million in the first phase of the project.

UAE’s Shah gas Project Due Online In Early 2015 – ADNOC

It was previously estimated that the project to produce usable gas from Shah’s high-sulphur gas field would be completed in late 2014.

Shell And UAE’s Mubadala Swap Malaysian Offshore Field Stakes

Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.

Abu Dhabi Plans Aviation Biofuel Project With Boeing And Total

The venture is looking at various raw materials to produce biofuel including agricultural waste and date palm leaves.

Abu Dhabi’s Prime Property Prices Rose 30% In Q4 2013

Reem Island showed the highest rise in prices for the second consecutive year in 2013, comprising around 30 per cent of online property searches.

Israeli Minister To Lead Delegation To Abu Dhabi Energy Summit

The Israeli delegation will be the first at government level to visit the UAE since the assassination of Mahmoud al-Mabhouh in Dubai.

Abu Dhabi To Give Foreigners Freehold Property Titles

The capital of the UAE has designated areas for property investment by foreigners.

Dubai’s Arabtec Wins $705m Abu Dhabi Contract

The project on Al Reem Island will house a five-star hotel and a residential tower, and will be built within three years.

UAE Sees Keen Interest For Largest Oilfields On Revised Terms

Several companies are interested in joining the project with revised terms, UAE’s oil minister Suhail bin Mohammed al-Mazroui said.

Etihad Chief Says Will Not Be Rushed On Alitalia Decision

Alitalia is in talks with Etihad to sell the UAE carrier a large stake.

Abu Dhabi Gears Up To Enforce New Shisha Café Rules

Violators face two years in prison and a fine of up to Dhs1 million.

Abu Dhabi’s Inflation Rate Rises 1.3% In 2013

Food and non-alcoholic beverages accounted for the largest rise in the emirate’s consumer price index, rising 25.9 per cent last year.

Uncertainty Over Future Running Of Abu Dhabi’s Big Oilfields

A 75-year partnership with ExxonMobil, Royal Dutch Shell, Total and BP expired on Friday.

Alitalia’s Chairman Likely To Stay On For Talks With Etihad

Roberto Colaninno said in October he would step down after a 300-million-euro capital increase, completed at the end of December.

REVEALED: The Best Restaurants In Abu Dhabi

Abu Dhabi’s best restaurants as ranked by the What’s On Black Hat Guide 2013.

EFG International To Buy Falcon’s Hong Kong Activities

Falcon said it was leaving Hong Kong in favour of concentrating on the Middle East, Africa and Eastern Europe.

Abu Dhabi’s ATIC To Invest Up To $10bn In U.S. Chip Plant

ATIC is controlled by Abu Dhabi state investment fund Mubadala and owns GlobalFoundries.