Etihad Airways’ new home will add capacity for an extra 30 million passengers per year.
The new fund has a seed capital of $25 million and will invest mainly in dollar-denominated debt.
Abu Dhabi National Energy Company blames loss on construction costs and lower gas prices.
Residential rents in the emirate continue to fall but still remain higher than Dubai, says new report.
A round up of the day’s news and gossip from the region’s largest oil and gas event.
The lender is set to raise $500 million from its offering after big investor interest for its debut deal.
The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.
The Abu Dhabi developer’s profit was driven by rising revenues from national housing projects.
The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.
Ferrari’s Fernando Alonso fails to regain the championship lead from title rival Sebastian Vettel.
Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.
Mainly aimed at business travelers the hotel’s rooms and facilities would easily keep leisure guests entertained too.
Abu Dhabi Commercial Bank posted a net profit of Dhs595 million, as non-interest income declined.
NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.
The Abu Dhabi-based cooling company made a net profit of Dhs167.6 million during the nine months to September 30.
The Abu Dhabi airline’s application for an operating permit was rejected by Ethiopia’s aviation authority.
NBAD, which opened an office in Shanghai earlier this year, plans to expand its presence in Asia.
Abu Dhabi’s flagship carrier has bought two new A330-200s and converted seven A320s into the larger A321.
The lender has mandated HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows.
TAQA has a 60 per cent stake in Netherlands’ 4.1 billion cubic metre Bergermeer storage facility.
The financing will include a three-year and a five-year revolving credit facility.
A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.
Abu Dhabi’s residential real estate market was stagnant in Q3 2012 as the emirate deals with new incoming supply, but industrial growth will be strong
The move would make ADNOC the first Middle Eastern producer to export ultra-low sulphur diesel outside the region.
The lender made a profit of Dhs328.5 million during the third quarter of the year.
The emirate’s economy grew 6.8 per cent last year, according to government data.
BNP Paribas arranged the deal, which will settle on October 16.
Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.
NBAD is looking to reap 10 per cent of its operating income from Islamic banking by 2020, up from three per cent currently.
Abu Dhabi’s flagship airline is looking at more minority stakes to further expand its global reach, says CEO.
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