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Abu Dhabi

Vettel Wins Abu Dhabi Grand Prix

The Red Bull driver dominated from start to finish at the Yas Marina circuit, securing his 11th win of the season.

Etihad Airways Suspends Libya Flights For Security Reasons

The Abu Dhabi carrier suspended flights on Thursday after an assessment of the ‘exiting situation’ at Tripoli airport.

NBAD Eyes Emerging Markets For Growth – CEO

The UAE lender plans to set up eight banking hubs in major cities and five franchises in key markets.

Etihad-Air Berlin Tie Up “Has Room To Improve”

Munich Airport’s president and CEO flew into the UAE to see how it can attract more passengers.

UNB’s Q3 Net Profit Falls 15%, Misses Forecasts

Net profit for the first nine months of this year fell to Dhs1.44 billion from Dhs1.47 billion in the prior-year period.

National Bank Of Abu Dhabi Posts 8% Profit Fall

Third-quarter net profit at the lender fell eight per cent to Dhs1.04 billion from Dhs1.12 billion in the year-ago period.

UAE Hotels Record Strong Growth In August

Dubai’s overall average occupancy increased by approximately 7.8 per cent in August compared to the same period last year.

Abu Dhabi Energy Fund IPIC Repays $2bn Acquisition Loan

IPIC has interests in a number of European-based companies, including Spain’s CEPSA and Austrian oil group OMV.

World Trade Center Mall Opens In Abu Dhabi

The new mall features 160 shops, over 20 dining outlets and an eight-screen cinema.

Etihad Raising Colombo To Double Daily Flights

New service to provide more flexibility and better connectivity for passengers

Nokia Unveils First Windows Tablet, Lumia 2520, In Abu Dhabi

The phone manufacturer also launched two new Lumia smartphones and three new Asha models.

Etihad Sets Stage For $50bn Of Jet Deals From Gulf

The provisional Etihad order for dozens of Boeing jets could be worth $18 billion at list prices.

New $2.9bn Abu Dhabi Airport Terminal To Open In July 2017

The 700,000 square metre terminal is designed to boost the capacity of the airport to 30 million passengers annually

Abu Dhabi Launches Arabian Nights Village

Authentic desert retreat has no in-room TVs and phones can only be used in an emergency

Four Etihad Executives To Join Jet Board – Reports

Top-table move would take partnership to a new level

EXCLUSIVE: Etihad CEO “We Choose Not To Launch New Aircraft”

The cautious move has paid dividends this year as Etihad escaped 787 and A380 problems.

Sky News Arabia Has Lost Contact With Crew In Syria

At least 39 journalists were killed and 21 kidnapped in Syria last year by both rebels and government forces.

Alitalia Sets Out €500m Budget Lifeline

Etihad codeshare partner Alitalia is set to receive €300 million from shareholders and €200 million from bank credits

UAE Announces Bid to Host 2019 World Energy Congress

The event, which takes place once in three years, attracts over 5,000 industry leaders.

Etihad Raises Virgin Australia Stake to 19.9%

The Abu Dhabi-based airline now holds more than 515 million shares in its equity partner airline

Citi, Qatar Bank Hold Up Al Jaber’s $4.5bn Debt Talks

Abu Dhabi conglomerate Al Jaber Group set up a five-bank creditor committee in 2011 to negotiate a $4.5 billion restructuring

Abu Dhabi’s Aldar Seeks $1.5bn Finance Before Bond Maturity

The proposed financing comes ahead of a $1.25 billion bond maturity in May 2014

Etihad To Buy Five B777-200LRs From Air India

Abu Dhabi carrier makes unusual move in order to meet Los Angeles launch next summer

Abu Dhabi’s NBAD Plans Asia Push For Debt Markets Business

The bank arranged 20 debt issuances worth around $16.3 billion in 2012

Etihad Launching Los Angeles Flights Next Summer

Abu Dhabi carrier will compete with Emirates for origin and destination and transfer traffic

Hilton Opening DoubleTree Hotel In Masdar City

The 316-room DoubleTree by Hilton Abu Dhabi Masdar City will comply with the environmental ethos of Masdar and seek to secure the prestigious ‘Estidama 3-pearl’ rating

UAE’s Taqa Gets Approval For Kurdistan Oilfield Development

The TAQA-operated block is expected to initially produce around 30,000 barrels of oil per day.

Rents Rise 20% In Abu Dhabi As Relocation Takes Effect

Average sales prices have also gone up, but there’s no bubble in sight, says Asteco report.

Abu Dhabi vs. DIFC: Battle Of The Freezones?

Will Abu Dhabi’s new financial zone look to rival its Dubai neighbour? Or will collaboration between the two be a wiser move for the region?

Etihad Wins India Cabinet Approval For $330m Jet Stake

The deal had been delayed due to scrutiny by Indian regulators and also due to opposition from some politicians.