October saw 288,268 guests check into the emirate’s hotels with a 79 per cent occupancy rate, up 10 per cent on a year earlier.
IPIC, which owns stakes in companies such as Spain’s Cepsa and Austria’s OMV, made a net profit of Dhs3.2 billion.
The project cost Dhs100 million, and is expected to start selling locally produced salmon within six to eight months.
The case arose from one of Citigroup’s earlier efforts to shore up its capital base.
The refinery will have a capacity of two million tonnes per annum.
Prime residential rents for new leases in Abu Dhabi were flat in the second quarter of this year after growing eight per cent in Q1.
Abu Dhabi is leveraging its aerospace sector to diversify the economy, says Badr S Al Olama, the CEO od Strata.
The firm won industrial orders worth over $5 billion at the air show to sell parts and materials to Boeing and Airbus.
Mubadala announced it will begin servicing Rolls-Royce’s Trent XWB engines, including maintenance, repair and overhaul.
Aleem Khan previously ran the structured trade finance business for StanChart MENA and Americas.
The developer will hold investor meetings in the UAE, Singapore, London, Hong Kong and Switzerland.
Abu Dhabi’s Mubadala aims to be among the world’s top three manufacturers of composite and metal parts for aeroplanes by 2020.
The carrier ordered 10 A320neos at the Dubai Airshow which are due to be delivered between 2018 and 2020.
The project is being built jointly by Mubadala and Khalifa University.
Regional carriers placed orders worth $100 billion in 15 minutes on the opening day of the Dubai Airshow
The move follows the Abu Dhabi carrier’s acquisition of a 33.3 per cent stake in Swiss airline Darwin.
Following completion of the deal, Darwin will be rebranded as Etihad Regional.
The Abu Dhabi airline ordered 25 of Boeing’s 777X airplanes and 30 787-10 Dreamliners, along with one additional 777 freighter for its cargo fleet.
The roughly $16 billion order, is expected to include around 50 of the European planemaker’s long-haul A350.
Etihad Airways, one of Virgin Australia’s shareholders, is committed to the offer and will raise its exposure via the capital raising.
The transaction will price at 130 basis points over the three-month London interbank offered rate.
The Abu Dhabi carrier already has the Indian cabinet’s approval.
The carrier is also finalising a deal with Boeing, with one or both deals set to be announced at next week’s Dubai Airshow.
The project will allow the UAE to preserve its natural gas for domestic electricity generation.
The sale of the stake in Noordgastransport B.V. (NGT) to pension fund PensionDanmark A/S is expected to close in 2013.
The Abu Dhabi builder made a profit of Dhs407.5 million compared with Dhs205.7 million in the corresponding period of 2012.
The energy firm reported a net profit of 146 million dirhams for Q3, compared with a loss of Dhs288 million in the corresponding period of 2012.
Abu Dhabi’s property prices have risen throughout the year as rents have stabilised due to continued demand.
The app, developed by Evolvin Networks, is believed to be a first for Abu Dhabi.
The Red Bull driver dominated from start to finish at the Yas Marina circuit, securing his 11th win of the season.