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Abu Dhabi

National Bank Of Abu Dhabi Q1 Profit Up 36%

The bank posted net profit of Dhs1.41 billion ($384 million) in the first three months of 2013.

Abu Dhabi’s Kizad Signs Dhs33m Deal With Cast Aluminium Industries

UAE-based CAI has signed a long-term land rental agreement to operate in Kizad’s aluminium industrial cluster.

Etihad Travel Mall Opens In Dubai

New round-the-clock, comprehensive facility targets more Dubai passengers

NBAD Signs Refinancing Deal With Paris’ Prince de Galles Hotel

The Abu Dhabi lender is refinancing the renovation of the Parisian five-star hotel that is scheduled to re-open in May 2013.

Earthquake Witness Accounts In Dubai, Abu Dhabi

People in the UAE recount their first reactions to the earthquake that hit Iran on Tuesday and sent shock tremors across the GCC.

Cityscape Abu Dhabi: Aldar Wins Contract To Build 996 Villas

Abu Dhabi Housing Authority has awarded Aldar the contract to build the villas in the emirate’s Al Falah area.

Etihad Launching Belgrade Flights

Etihad aims to tap into growing UAE trade flows and connect Serbian diaspora in Australia and US.

Abu Dhabi Fund Mubadala Swings Back Into Profit In 2012

The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.

Serbia Hints Etihad May Invest In JAT Airline Next Week

Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.

Abu Dhabi Firm Al Jaber CFO Resigns Amidst Debt Talks – Sources

The conglomerate is currently in the midst of a $4.5 billion debt restructuring.

Etihad’s Jet Stake Deal Delayed Until August

The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.

Gulf Capital Unit Buys Stake In Turkish Diagnostic Firm

Techno Group Investment Holdings bought a 75 per cent stake in Turkish firm Dogu Tip for an undisclosed sum.

Etihad CEO: “We Cannot Catch Emirates”

James Hogan, CEO of Abu Dhabi-based Etihad Airways says it is not about being the biggest, but about being the smartest.

Etihad-Aer Lingus Codeshare Gains US Regulatory Approval

Etihad passengers flying on Aer Lingus’ planes to New York and Chicago can now pre-clear US Customs and Border Protection in Dublin

Abu Dhabi’s Kizad Awards Dhs100m Contract to UAE Firm

Khalifa Industrial Zone Abu Dhabi has awarded a deal to construct phase 1 of its pre-built warehousing to UAE’s System Construct.

Etihad Airways Q1 Passenger Revenues Up 19%

Passenger revenues at Etihad totalled $900 million in the first quarter of 2013, compared with $758 million a year ago.

Abu Dhabi’s Mubadala Signs $2bn Refinancing

The three-year revolving credit facility attracted a total of 19 international lenders and replaces a $2.5 billion loan agreed in 2010.

National Bank Of Abu Dhabi Names ANZ’s Thursby As CEO

Alex Thursby succeeds Michael Tomalin who after 14 years at the helm will remain in a non-executive director’s role.

Abu Dhabi’s Western Region In $500bn 2030 Output

A strategic guide for all the development initiatives in the Western Region has been devised under a framework called Al Gharbia 2030.

Etihad Starts Washington DC Flights

The Abu Dhabi carrier will also open a $6.8 million premium lounge this week in Terminal A at Dulles Airport for first and business class passengers

UK’s Taylor Woodrow JV Wins Dhs84m Abu Dhabi Airport Contract

A joint venture between Taylor Woodrow and Abu Dhabi contractor Fibrex will work on the airport’s expansion.

Dubai’s Al-Braik Plans $200m Silicon Smelter In Abu Dhabi

The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.

Abu Dhabi Airports Company Appoints Tony Douglas As New CEO

Douglas was formerly CEO of Abu Dhabi Ports Company (ADPC) and replaces James Bennet.

Abu Dhabi’s Kizad On Track To Generate 150,000 Jobs

Khalifa Industrial Zone Abu Dhabi has signed deals with 50 local and international companies, says CEO.

Abu Dhabi’s Al Hilal Bank To Issue Sukuk In Q3

The lender expects to obtain a credit rating in the coming two or three months.

Exclusive: Starwood Eyes Rocco Forte Hotel Abu Dhabi

Starwood confirms discussions are ongoing as market speculation increases that the striking hotel will soon be converted to a Sheraton

UAE Opens World’s Largest Concentrated Solar Power Plant

The 100-megawatt, grid connected power plant, Shams 1, will generate clean energy to power 20,000 homes in the UAE.

Abu Dhabi In Nearly $7bn Oil Investment In Malaysia

The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.

First Gulf Bank Repays $1.2bn Government Support

The UAE’s Ministry of Finance placed Dhs70 billion ($19.1 billion) with banks after the 2008 financial downturn.

Shareholders Approve Aldar-Sorouh Merger

Mohamed Al Mubarak was named the deputy chief executive and chief portfolio officer of the new entity.