Penney, who resigned from RBS in March, will join First Gulf Bank as head of its expanding wholesale banking division.
Deutsche Bank AG and Goldman Sachs Group are mandated joint sponsors and global coordinators, with HSBC Holdings as joint bookrunner.
The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
Today’s announcement that Hilton will assume management control of the architecturally striking hotel puts recent weeks of speculation to rest.
The service will be operated in conjunction with Etihad following the signing of a reciprocal codeshare agreement in February.
Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.
The funds raised will partly be used to buy a new vessel, refinance debt and pay investors dividends.
The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.
The trio, covering in-flight catering, ground handling and cargo, now fall under Etihad Airport Services, a wholly owned subsidiary of Etihad
Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.
ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.
The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.
Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.
TDIC made a net loss of Dhs2.17 billion in 2012 due to impairments and depreciation compared with a loss of 1.27 billion in the previous year.
The state-owned utility posted a net profit of Dhs106 million dirhams ($28.9 million) for the first quarter, compared with Dhs534 million for the year-ago period.
The MoU between the two airlines makes provision for reciprocal ‘earn and burn’ with frequent flyer programs
The 10 year loan facility will be used to develop the first phase of the residential compound
ADCB’s shares hit a 4-1/2 year high on Wednesday; the bank posted a five per cent increase in first-quarter net profit.
Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.
A study by the director of Abu Dhabi’s INSEAD business school warns homogenous teams at work can be dangerous.
The 30-year venture puts Shell in position to renew its role in the UAE’s largest onshore oil concession when that contract comes up for renewal next year.
Q1 2013 outshines the Q1 2012 figures in hospitality sector
Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009
LinkedIn connections are displayed on a map and members can enter search parameters.
The area, known as the Abu Dhabi World Financial Market, is scheduled to come up on the emirate’s Al Maryah island, say sources.
The UAE reinstated a visa waiver for Canadian citizens in April which it withdrew amid a dispute over landing rights more than two years ago.
The lender posted a net profit of Dhs903 million ($245.8 million) in the three months to March 31, up from Dhs861 million in the prior-year period.