New codeshare strengthens partnership with Korean Air beyond the interline and special prorate agreements inked four years ago.
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.
New simulators to be housed in academy extension and fill training gap for long-range aircraft.
The purchase price was equivalent to a 5.6 per cent discount to Tuesday’s closing share price of Dhs5.15.
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.
Patrick Allman-Ward currently works as the general manager for Dana Gas Egypt.
Sources say between 40-70 people have lost their jobs at the General Secretariat of the Executive Council.
The Abu Dhabi carrier attributed its eight per cent rise in Q2 revenue in part to its codeshare and equity alliance partners.
The UAE pledged $3 billion in aid for Egypt in 2011 that has yet to be delivered.
Last month the Abu Dhabi carrier and JAT signed a preliminary agreement over a possible equity investment.
The Mena region’s approach to alternative energy infrastructure is fragmented and needs work to foster new technology.
The merged entity, called Aldar Properties, has assets of over Dhs46 billion and a market capitalisation of around Dhs16.7 billion.
The airline has been quick to increase capacity on the newly launched route.
The freighter is being deployed on a new round-the-world routing in conjunction with Atlas Air.
The $9m upgrade sees greater emphasis on technology and entertainment
Aldar Properties and Sorouh Real Estate will trade as a merged entity with a capital of Dhs7.86 billion.
Gulf economies have ridden out the global financial crisis of the past five years more smoothly than many economists expected.
The UAE has revived a proposal to merge its two main bourses in a state-backed deal that could boost trading.
A joint venture between Mubadala and US-based Prudential Financial bought the residential project for an undisclosed sum.
Etihad has wasted no time in taking its commercial relationship to the next level, after starting daily flights between Abu Dhabi and Belgrade on Saturday
The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.
Construction of the Kazakhstan project is expected to be completed by 2017.
The route is operated as a codeshare with Serbian national carrier, JatAirways.
Etihad Airways is avoiding legacy alliances to build its own one-on-one partnerships and is reaping the results, says Hogan.
Healthcare businesses in the Gulf region are expected to boom in coming years as rising wealth couples with an increase in so-called lifestyle diseases.
A total of 1,283 buildings were completed in Abu Dhabi during the quarter, according to official data.
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.