Home UAE Abu Dhabi

Abu Dhabi

Abu Dhabi-listed United Arab Bank Signs $250m Loan

The two-year loan facility will be used to fund the lender’s general business.

Alitalia In Talks With Etihad For Possible Investment

The struggling Italian carrier is studying other options as well, said its CEO.

Etihad Signs Codeshare With Aegean Airlines

Agreement provides Greeks with greater global connectivity and Etihad with improved access to Greece and mainland Europe

TAQA Receives UK Approval For North Sea Development

The Morrone field is expected to initially produce over 3,000 barrels of oil equivalent per day.

Villa Resort Opens On Sir Bani Yas Island

Couples can now get even closer to the wildlife and island’s distinctive environment.

Abu Dhabi’s TDIC To Raise $500m Loan To Pay Debt

The five-year facility was obtained from a group of seven banks, said bankers.

Etisalat Asks Banks To Wait For Loan Fees

The telecoms firm agreed an $8 billion loan in April to finance its acquisition of a 53 per cent stake in Maroc Telecom.

Abu Dhabi Broker ADS To Enter UK In 2014

The firm is also planning to launch an asset management and wealth management business next year.

UAE’s TAQA To Cut Abu Dhabi Staff By 16%

The energy company hopes that the staff-cuts will result in a saving of over $20 million in 2014.

Etihad Mulls investment In Alitalia

The Abu Dhabi carrier is expected to decide on whether to buy a stake in the troubled Italian airline “just before Christmas”, a source said.

Abu Dhabi Paces Up Plans For Permanent Cruise Terminal

Abu Dhabi has grand plans to develop its permanent cruise terminal facility to cash in on the emirate’s growing cruise tourism market.

UAE’s NBAD Steps Up Hiring Ahead Of Expected Expo Boom

National Bank of Abu Dhabi plans to add around 900 jobs to its current headcount of 6,500 next year.

Gulf Firms Consider Bid For Occidental MidEast Stake

Abu Dhabi’s Mubadala Development Co, Qatar Petroleum and Oman Oil Co have formed a consortium.

Abu Dhabi May Need To Lower Industry Growth Target

The original target was for industry to contribute 19 per cent of the economy by 2020 and 24 per cent by 2030.

Etihad Lays On First Class To India

New widebody and narrowbody services meet local traffic demand and boost connectivity.

Abu Dhabi Targets Lucrative Indian Tourists

India was Abu Dhabi’s largest overseas source market for hotel guests in the first nine months of this year.

Abu Dhabi Awards Contract For New Road Project

The 62 kilometres-long project is expected to be completed within 30 months and will be built in phases.

UAE’s Khalifa Fund Signs $200m Agreement With Egypt

The agreement aims to develop poor areas in Egypt and maximise job creation among women and youth in the country.

Abu Dhabi Hotels Witness Record Month In October

October saw 288,268 guests check into the emirate’s hotels with a 79 per cent occupancy rate, up 10 per cent on a year earlier.


Abu Dhabi Energy Fund IPIC H1 Net Profit Up 6.7%

IPIC, which owns stakes in companies such as Spain’s Cepsa and Austria’s OMV, made a net profit of Dhs3.2 billion.

UAE Firm Brings Salmon Farming To The Desert

The project cost Dhs100 million, and is expected to start selling locally produced salmon within six to eight months.

Citigroup Can’t Block Abu Dhabi Arbitration Over $7.5bn Stake

The case arose from one of Citigroup’s earlier efforts to shore up its capital base.

Mubadala, Guinea Sign $5bn Deal For Bauxite, Alumina Refinery

The refinery will have a capacity of two million tonnes per annum.

Abu Dhabi Scraps 5% Rent Rise Cap

Prime residential rents for new leases in Abu Dhabi were flat in the second quarter of this year after growing eight per cent in Q1.

A New Type Of Industrial Revolution

Abu Dhabi is leveraging its aerospace sector to diversify the economy, says Badr S Al Olama, the CEO od Strata.

Dubai Airshow: Mubadala Aerospace Eyes US Deals

The firm won industrial orders worth over $5 billion at the air show to sell parts and materials to Boeing and Airbus.

Mubadala Secures Dhs43bn At Dubai Airshow

Mubadala announced it will begin servicing Rolls-Royce’s Trent XWB engines, including maintenance, repair and overhaul.

NBAD Appoint StanChart Banker To Head SF Business

Aleem Khan previously ran the structured trade finance business for StanChart MENA and Americas.

Abu Dhabi’s Aldar To Start Sukuk Roadshow On Nov.21

The developer will hold investor meetings in the UAE, Singapore, London, Hong Kong and Switzerland.

Mubadala To Service Rolls Royce Trent XWB Engines

Abu Dhabi’s Mubadala aims to be among the world’s top three manufacturers of composite and metal parts for aeroplanes by 2020.