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Abu Dhabi

Former Rocco Forte To Be Rebranded Hilton Abu Dhabi Capital Grand

Today’s announcement that Hilton will assume management control of the architecturally striking hotel puts recent weeks of speculation to rest.

Kenya Airways Starting Abu Dhabi-Nairobi Flights In July

The service will be operated in conjunction with Etihad following the signing of a reciprocal codeshare agreement in February.

Abu Dhabi Lender ADCB To Price Subordinated Bond

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.

Abu Dhabi’s Man City And New York Yankees In New MLS Team

Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.

Gulf Capital To Raise $360m From Islamic Loan

The funds raised will partly be used to buy a new vessel, refinance debt and pay investors dividends.

Abu Dhabi’s IPIC To Use $4bn Pipeline Payment To Repay Debt

The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.

Etihad Buys Three AD Airport Service Companies

The trio, covering in-flight catering, ground handling and cargo, now fall under Etihad Airport Services, a wholly owned subsidiary of Etihad

Air Berlin Declines Further Etihad Finance Help

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).

Etihad Launches Daily Service To Amsterdam

The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.

Abu Dhabi Fund Names Deutsche Bank Exec As Infrastructure Head

ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.

EXCLUSIVE: Etihad CEO Slams Legacy Alliances

James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.

Full Steam Ahead For Abu Dhabi Ports Company

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.

Abu Dhabi’s New Financial Zone To Benefit Dubai

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.

Abu Dhabi Tourism Company Loss Widens Amid Property Weakness

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.

Abu Dhabi’s TAQA Q1 Profit Falls 80%

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.

Etihad-South African Airways Become Codeshare & Interline Partners

The MoU between the two airlines makes provision for reciprocal ‘earn and burn’ with frequent flyer programs

Abu Dhabi’s Gulf Capital Gets $120m Loan For Saudi Project

The 10 year loan facility will be used to develop the first phase of the residential compound

ADCB Buys Back Shares Worth $313m

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.

Masdar Eyes Further Investment In UK’s Clean Energy Sector

Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.

Majority Prefer To Work With Friends Over Competence

A study by the director of Abu Dhabi’s INSEAD business school warns homogenous teams at work can be dangerous.

Shell Beats Total To Become UAE’s Sour Gas Partner

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.

Abu Dhabi Hotels Gain 15% In Total Revenues in Q1 2013

Q1 2013 outshines the Q1 2012 figures in hospitality sector

Abu Dhabi’s Aldar And Sorouh Report Drop In Q1 Revenues

Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009

Etihad Launches Mapped Out Tool With LinkedIn

LinkedIn connections are displayed on a map and members can enter search parameters.

Abu Dhabi Plans Financial Free Zone, May Compete With Dubai

The area, known as the Abu Dhabi World Financial Market, is scheduled to come up on the emirate’s Al Maryah island, say sources.

Etihad Signs Codeshare Deal With Air Canada

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.

Abu Dhabi Commercial Bank Posts 5% Rise In Q1 Profit

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.

Etihad Buys Jet Airways Stake For $379m

The Abu Dhabi carrier is approved to buy 27.3 million shares at 754.74 rupees each on a preferential basis.

Abu Dhabi Among Top 10 Global Shopping Centre Developments

The emirate is rapidly developing new retail space, finds new report.

Abu Dhabi’s Senaat Plans Over $600m Investment In Industry

The company’s revenues totalled Dhs12.3 billion in 2012, up 7.2 per cent over the previous year.