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Abu Dhabi Culls Expat Jobs At Key Government Department

Sources say between 40-70 people have lost their jobs at the General Secretariat of the Executive Council.

Etihad Posts Record Q2, H1 Revenues

The Abu Dhabi carrier attributed its eight per cent rise in Q2 revenue in part to its codeshare and equity alliance partners.

Egypt’s Central Bank Governor Flies To Abu Dhabi

The UAE pledged $3 billion in aid for Egypt in 2011 that has yet to be delivered.

Etihad Nears Deal To Invest In JAT Airways

Last month the Abu Dhabi carrier and JAT signed a preliminary agreement over a possible equity investment.

A Time For Regulation

The Mena region’s approach to alternative energy infrastructure is fragmented and needs work to foster new technology.

Abu Dhabi Developers Aldar, Sorouh Merger Effective

The merged entity, called Aldar Properties, has assets of over Dhs46 billion and a market capitalisation of around Dhs16.7 billion.

Etihad Starting Daily Sao Paulo Flights In August

The airline has been quick to increase capacity on the newly launched route.

Etihad Cargo Unveils Latest B747-8 Freighter

The freighter is being deployed on a new round-the-world routing in conjunction with Atlas Air.

Royal Jet’s New-Look Business Jet Takes Off

The $9m upgrade sees greater emphasis on technology and entertainment

Abu Dhabi’s Merged Property Firms To Begin Trading On June 30

Aldar Properties and Sorouh Real Estate will trade as a merged entity with a capital of Dhs7.86 billion.

Local, Global Trends Boost Gulf Banks As Foreign Rivals Retrench

Gulf economies have ridden out the global financial crisis of the past five years more smoothly than many economists expected.

UAE Regulator – Bourse Merger Would Have “Many Advantages”

The UAE has revived a proposal to merge its two main bourses in a state-backed deal that could boost trading.

Loss-Making Abu Dhabi Tourism Company Sells Saadiyat Project

A joint venture between Mubadala and US-based Prudential Financial bought the residential project for an undisclosed sum.

Etihad In ‘Advanced’ Equity Talks With JatAirways

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

Abu Dhabi’s Masdar Launches Wind Farm In Seychelles

The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.

Abu Dhabi’s Aldar Awards $1.1bn Contract To Arabtec

Construction of the Kazakhstan project is expected to be completed by 2017.

Etihad Starts Belgrade Services

The route is operated as a codeshare with Serbian national carrier, JatAirways.

Exclusive Interview: Etihad Airways CEO, James Hogan

Etihad Airways is avoiding legacy alliances to build its own one-on-one partnerships and is reaping the results, says Hogan.

Al Noor Hospitals Seeks Up To $390m In London Float

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.

Abu Dhabi Adds Over 2,000 Residential Units In Q1 2013

A total of 1,283 buildings were completed in Abu Dhabi during the quarter, according to official data.

National Bank of Abu Dhabi Appoints New CIO

Claude Henri Chavanon replaces Alan Durrant who left NBAD recently.

Dubai Property Investors Face Dhs172m Loss On Hydra Projects

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.

Etihad Expands To South America, Launches Flights To Brazil

The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.

Abu Dhabi Commercial Bank Repays Govt Funds In Full

The lender has repaid the remaining Dhs2.6 billion of a Dhs6.6 billion loan facility it borrowed from the government.

UAE’s Taqa Takes Over BP’s Harding Field In North Sea

The move was part of an acquisition of BP assets in the North Sea agreed in 2011.

Etihad Raising ME And Subcontinental Services

Extra flights to Amman, Cairo, Islamabad and Muscat this summer are designed to improve network-wide connectivity.

Abu Dhabi Fastest Growing City In ME, Africa

The MasterCard Cities Index report showed the UAE’s capital has a growth rate of 16.1 per cent in relation to visitor numbers.

Ex-RBS MidEast And Africa CEO Joins Abu Dhabi Bank

Penney, who resigned from RBS in March, will join First Gulf Bank as head of its expanding wholesale banking division.

Abu Dhabi’s Al Noor Hospitals Plans London Listing

Deutsche Bank AG and Goldman Sachs Group are mandated joint sponsors and global coordinators, with HSBC Holdings as joint bookrunner.

Abu Dhabi Fund ADIA Turning To Emerging Markets

The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.