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Abu Dhabi

KKR, BlackRock raising $3bn for ADNOC pipeline deal

Abu Dhabi’s ADNOC sealed the $4bn pipeline deal in February

Foundation stone laid for Abu Dhabi’s first Hindu temple

The temple is estimated to cost up to Dhs450m, and is expected to be completed by 2020

Abu Dhabi’s property market ‘has become more affordable’

There’s not a huge amount of new supply expected to enter the market this year or the next

Abu Dhabi allows foreigners to own freehold properties in investment areas

Previously, foreign investors in Abu Dhabi were largely restricted to 99-year leases

Abu Dhabi’s ADGM regulator fines Eshara Capital and its CEO for breach

The investment fund and its CEO were individually fined $10,000 for failing to submit audit reports on time

Etihad Airways Group CFO departs amid turnaround plan

Powers, who joined in January 2018, resigned for personal reasons, the airline said

Abu Dhabi residential prices, rents continue falling in Q1

Property prices in the UAE capital were down 12.2 per cent compared to Q1 last year, finds new report

Abu Dhabi stock market hits multi-year high on FAB’s foreign ownership limit increase

Foreigners will be allowed to own as much as 40 per cent of FAB stock from a previous limit of 25 per cent

Abu Dhabi fund Mubadala opens second US office in New York

The New York office will focus on financial services and private equity

In pics: Mega Dhs5bn Jubail Island development launched in Abu Dhabi

The project, designated as an Abu Dhabi investment zone, aims to house over 5,000 residents once complete

Etihad to deploy Dreamliner jets to Johannesburg, Lagos and Milan

The Dreamliner jets will replace the Airbus A330s currently operating the three routes

Abu Dhabi’s Mubadala to sell 30-40% stake in Cepsa to Carlyle

The deal values the Spanish company at an enterprise value of $12bn

Abu Dhabi orders prompt payments to construction contractors and suppliers

Contractors and suppliers will also have to pay subcontractors within 30 days of receipt of government payments

ADNOC Distribution shareholders approve hefty dividend increase

The company plans to open up to 10 fuel service stations each in Saudi Arabia and Dubai this year

First Abu Dhabi Bank, Abu Dhabi Islamic Bank deny merger talks

A wave of consolidation has been sweeping Abu Dhabi in recent times

HSBC opens new branch in Abu Dhabi Global Market

The UAE currently serves as HSBC’s headquarters for its operations in the MENAT region

UAE’s ADNOC signs new long-term agreement for base oil sales into China

ADNOC Refining produces up to 500,000 metric tonnes per year of the Group III base oil

Abu Dhabi’s new waterfront project featuring region’s largest aquarium to open in 2020

The Dhs850m Al Qana project was initially slated to open this year

Global dignitaries speak at the Ideas Abu Dhabi festival

The two-day festival concludes today

Grand Hyatt Abu Dhabi closure due to issues “beyond control”

Five-star hotel on the Corniche opened in June last year

Abu Dhabi aims to lure start-ups with investment in new technology hub

Dhs1bn ($272m) has been allocated to support technology start-ups in the emirate

Abu Dhabi’s SENAAT sees revenues rise to Dhs16.3bn

The value of the holding company’s industrial assets portfolio rose to Dhs27.3bn

Abu Dhabi’s Etihad develops new AI systems to reduce passenger queues at the airport

Voice activated self-service kiosks, bag drop and boarding gate facilities are set to be introduced at Abu Dhabi’s new Midfield Terminal

Abu Dhabi’s Aldar sells Al Murjan Tower for Dhs289m

The sale represents Aldar Investments’ second transaction this year

Jet Airways suspends flights to Abu Dhabi

The cash-strapped Indian airline cited operational reasons for grounding the route

Abu Dhabi’s ADNOC awards Japan’s Inpex Corp onshore exploration concession

The 35-year concession is for Onshore Block 4, and Inpex will invest up to Dhs646m in the block

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

Mubadala subsidiary IPIC filed a lawsuit against Goldman Sachs last year in relation to its dealings with Malaysian state fund 1MDB

Abu Dhabi’s Etihad Airways posts third consecutive annual loss in 2018

The airline’s net loss narrowed to $1.28bn for last year

Abu Dhabi Airports freezone waives licence fees for new companies

The freezone has also received approval for an exclusion of VAT in designated zones

Abu Dhabi cuts fees to boost tourism, hospitality sectors

Tourism fees, municipal fees, and municipality hotel room fees will all be cut as the emirate looks to diversify its economy