The Abu Dhabi airline is planning to buy a 24-per cent stake in Jet for up to $330 million, according to sources.
The Abu Dhabi carrier recorded a 17 per cent rise in revenues while passenger numbers rose 23 per cent.
The Abu Dhabi-based developer, currently in the process of a merger with Sorouh, made a fourth-quarter net profit of Dhs200 million.
The Abu Dhabi-company put the increase down to its shares in aviation investee company Aercap.
The market rose 9.5 per cent in January, mainly driven by a rise in bank shares.
A government source said Etihad was in talks to pick up a 24 per cent stake in Jet for $330 million.
The property firm, which is in the midst of a merger with Aldar, posted a net profit of Dhs118.9 million in the fourth quarter of 2012.
ADCB’s fourth quarter profit rose on higher net-interest income and lower provisions.
National Bank of Abu Dhabi attributed the profit increase to higher investment and interest income.
The financing for the Jorf Lasfar plant is the largest in over a decade for an international project in Morocco.
The emirate welcomed over 2.3 million hotel guests last year, up 13 per cent from 2011.
The UAE-based lender plans to launch a conventional bond in the coming few days, say sources.
Property firms Aldar and Sorouh agreed on an all-share merger last week creating a company with $13 billion in assets.
The Abu Dhabi- based real estate developers are merging to form a new entity with Dhs47 billion in assets.
Abu Dhabi airline become the cultural icon’s exclusive international airline partner
Sorouh will be dissolved as part of the merger, and the new entity, called Aldar Sorouh Properties, will have over $47 billion in assets.
The Abu Dhabi-based property developers will merge through a share swap, according to sources.
South African energy minister says Abu Dhabi- based Masdar has expressed interest in the African nation’s renewable energy programme.
Abu Dhabi’s new water theme park will offer never-before-seen rides and thrills when it opens next week.
Gulf Business spotted a number of innovative cars and motorcycles at this year’s World Future Energy Summit in Abu Dhabi.
VIDEO: Golf Digest Middle East editor Robbie Greenfield reflects on a mouth-watering contest between Tiger Woods and Rory McIlroy.
Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.
Abu Dhabi airline’s arrival in May will help boost Netherlands-UAE trade links, currently valued at $3.6 billion
The golfing star has split from previous sponsor Jumeirah and joins Tiger Woods.
The Abu Dhabi Executive Council has announced a Dhs330 billion financial injection to fund various projects and initiatives in the emirate.
The Abu Dhabi National Energy Company has acquired an interest in Himachal Sorang Power Limited for an undisclosed sum.
Luxury two-floor facility targets government ministers, VIPs and celebrities.
Abu Dhabi-listed Dana reached an agreement with creditors to amend terms of a $920 million Islamic bond.