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Abu Dhabi

St. Regis Abu Dhabi Opens Its Doors

Second St. Regis in the UAE capital combines business with leisure.

Abu Dhabi Developer Aldar’s CEO To Step Down

A new chief executive will be announced shortly, Aldar said.

Abu Dhabi Doubles Development Fund Capital To Dhs16bn

The activities of the Abu Dhabi Fund for Development (ADFD) will also cover the entire nation of the UAE, as per a new ruling.

Etihad To Operate A380 On Sydney, Melbourne Routes

The Abu Dhabi airline is also increasing flights to Australian destinations.

Etihad Eyes China And America Partnerships

Etihad, whose annual net profit tripled in 2012, holds stakes in Virgin Australia, Air Berlin, Aer Lingus and Air Seychelles.

Aldar’s Q2 Profit Jumps On Sorouh Merger Deal

Aldar said quarterly earnings included a one-time gain of Dhs2.6 billion principally driven by the acquisition of Sorouh’s assets.

Al Noor Hospitals H1 Profit Drops 24.4%

The Abu Dhabi healthcare company listed on the London Stock Exchange in June.

Abu Dhabi’s ADPC Pumps Dhs17m Into Port, Leisure Facilities

The investment in Marfa Port will be used to develop the port’s infrastructure and maritime leisure facilities.

Etihad Says Jet Deal Deadline Extended Until Aug End

The Abu Dhabi carrier is awaiting Indian regulatory approval to acquire a $379 million stake in Jet Airways.

UAE’s Etihad To Acquire 49% Stake In Serbia’s JAT Airways

Under the deal signed with the Serbian government, Etihad will provide a $40 million loan facility to JAT.

Abu Dhabi Energy Firm TAQA Swings To Q2 Loss

TAQA’s results were weighed down by derivatives and hedging exposures and a slump in income from its oil and gas business.

Jet Rotana To Operate Thrice Weekly Flights from Abu Dhabi To Dubai

Tickets for a roundtrip between the emirates are priced at Dhs150.

Jet Wins Key Approval For Etihad Deal, With Conditions

India’s foreign investment regulator gave conditional approval to the $379 million deal.

Dunia Finance Posts 91% Profit Increase For H1 2013

Dunia posts Dhs55.6 million profits; Dhs166.4 million revenues

Etihad And Serbia’s JAT To Sign Partnership Deal On August 1

The two airlines agreed to share route-booking codes in April but stopped short of an equity tie-up.

Toyota SUV Sales Record Strong Gulf Growth

Land Cruiser leads the sales in the SUV category while Prado and Rav4 also has recorded considerable growth in H1 2013.

Jet-Etihad Deal Hits Another Roadblock

The Indian capital markets watchdog has expressed reservations that the control of Jet stands the chance of passing into foreign hands post the deal.

First Gulf Bank Reports 15% Rise In Q2 Net Profit

The lender is rapidly diversifying its presence, both domestically and internationally.

National Bank Of Abu Dhabi H1 Profit Up 25.6%

The UAE’s largest lender made a net profit of Dhs2.6 billion in the first half of the year, on the back on increased revenues.

Abu Dhabi Property Prices Up 5% In Q2 2013

The residential sales market continued to grow due to UAE’s safe haven status while rents stabilised after a growth spurt in Q2 2013.

Abu Dhabi Food Prices Rise 1.9% During Ramadan

Despite government efforts, food prices are rising throughout the Holy month with coffee, tea and cocoa up by 5.4 per cent since Ramadan began.

Sheikh Mansour Sells 6% Stake In Barclays

The Manchester City owner sold all of his stake in the British bank after helping to rescue the lender during the financial crisis.

Etihad Working Towards July 31 Jet Deal Deadline

The Abu Dhabi carrier agreed in April to buy a 24 per cent stake in Jet Airways but political concerns and scrutiny by Indian market regulators have delayed the deal.

Abu Dhabi World’s Best Market For Rolls-Royce

The UAE capital recorded the highest number of sales across the maker’s markets in the first half of 2013.

India’s Jet: Etihad Investment Completed In A Few Months

Etihad in April agreed to buy a 24 per cent stake in Jet for $379 million and it is also making a $150 million equity investment in Jet’s frequent flyer programme.

Etihad Signs Codeshare With Korean Air

New codeshare strengthens partnership with Korean Air beyond the interline and special prorate agreements inked four years ago.

Abu Dhabi’s ADIA Invests $200m In India Real Estate

ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.

Etihad Seals $200m Simulator Deal with CAE

New simulators to be housed in academy extension and fill training gap for long-range aircraft.

Abu Dhabi Commercial Bank Buys Back Shares Worth $103m

The purchase price was equivalent to a 5.6 per cent discount to Tuesday’s closing share price of Dhs5.15.

Brazil’s EBX, Abu Dhabi Fund Agree On Debt Refinance Deal

The agreement will reportedly cut EBX’s debt with Mubadala by more than 25 per cent to between $1.6 billion and $1.7 billion.