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Abu Dhabi

Eastern Mangroves Opens Dhs55,000-a-night Suite

Luxury two-floor facility targets government ministers, VIPs and celebrities.

Crescent Petroleum Supports Dana Gas Restructuring

Abu Dhabi-listed Dana reached an agreement with creditors to amend terms of a $920 million Islamic bond.

Etihad Sees Busiest Day For Passengers

The Abu Dhabi airline set a new record for the number of people it carried in a single day.

Abu Dhabi’s TAQA Buys 50% Interest In US Wind Power Project

The acquisition of the 205.5MW Lakefield wind project in Minnesota is expected to close in Q1 2013.

Tiger Woods To Begin Season In Abu Dhabi

The former world number one will compete for the $2.7 million prize at the Abu Dhabi Golf Club on January 17.

UAE’s Aldar And Sorouh Reach Initial Merger Deal

The two Abu Dhabi-based property developers have a combined market capitalisation of about Dhs10 billion.

Abu Dhabi Awards $653m Louvre Contract To Arabtec

The Louvre museum in the emirate is due to be completed in 2015.

India’s Jet Airways Confirms Stake Sale Talks With Etihad

Abu Dhabi-based Etihad could pay up to $330 million for a 24 per cent stake in Jet Airways, says source.

Etihad Close To Buying Stake In India’s Jet Airways

The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.

TAQA Buys 53.2% Stake In Iraqi Kurdistan Oil Block For $600m

Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.

Abu Dhabi Foreign Trade Up 37.6% In 2011

Exports rose 38.5 per cent to Dhs416 billion, driven by a rise in oil prices.

Etihad Exceeds 2012 Target; Carries Over 10m People

The Abu Dhabi airline is set to achieve a 22 per cent year-on-year increase in passenger numbers.

Abu Dhabi Eyes More Indian Tourists In 2013

The emirate’s tourism authority is holding a five-city road show in India in January.

Abu Dhabi Airport Sees 10% Rise In Nov Passenger Traffic

Over 13.4 million passengers passed through the capital’s airport in the first 11 months of this year.

Abu Dhabi Lender ADIB Starts Sudan Branch

Abu Dhabi Islamic Bank is the UAE’s first lender to receive a banking license in the African nation.

Abu Dhabi Creates Body To Develop Mass Housing

The plan to develop housing programmes could spur restructuring of the emirate’s real estate sector.

Private Equity Group In Abu Dhabi Healthcare IPO

The group is looking for new advisers after dropping HSBC and JP Morgan Chase.

Abu Dhabi, France Join For Total’s Gas Network

Caisse des Depots and ADIA come together to bid for TIGF business.

Etihad Buys 70% In Air Berlin’s Loyalty Programme

The deal will generate $242.70 million in revenue for the German carrier.

Etihad Close To Buying Stake In India Carrier

The Abu Dhabi-based airline is about to buy a stake in either Jet Airways or rival Kingfisher Airlines.

Abu Dhabi Ports CEO – ‘There Is No Danger Of Overcapacity’

Exclusive: Tony Douglas, boss of ADPC, said the newly opened Khalifa Port will mop up Mina Zayed’s traffic and benefit from rising MENA trade.

UAE’s First Mega Waterpark Opens In Abu Dhabi

Yas Waterworld Abu Dhabi is set to open its doors to the public in the New Year.

Manchester City Halve Losses After Title Win

The Abu Dhabi-funded club reports record revenue as Etihad-influenced commercial revenue doubles.

BP Allowed To Bid In Abu Dhabi Oil Concession

The British oil company was originally excluded from the process after not receiving a qualifying letter.

UAE’s NBAD Plans Acquisitions In Expansion Abroad

National Bank of Abu Dhabi aims to be in 41 countries by 2021, compared with 14 right now, said a senior manager.

Abu Dhabi’s Falcon Bank Eyes More Buys After Clariden Deal

Falcon Private Bank plans to acquire wealth management boutiques that manage between $500 million and $4 billion in assets.

Russia’s Largest Bank Signs Deal With Invest AD

The agreement between the Abu Dhabi financial services firm and Sberbank is expected to facilitate more investment in both the regions.

Etihad Looks To Buy Air Berlin Loyalty Programme

The Abu Dhabi carrier already owns a 29.12 per cent stake in the German airline.

Merck Serono To Produce Medicines In UAE

The German pharmaceutical firm will produce two products in Abu Dhabi.

Abu Dhabi’s TAQA Buys Iraqi Kurdish Oil Block

TAQA has purchased 53.2 per cent from General Exploration Partners.