Home UAE Abu Dhabi

Abu Dhabi

Abu Dhabi Eyes New Airport Terminal By 2017

Etihad Airways’ new home will add capacity for an extra 30 million passengers per year.

Abu Dhabi’s Invest AD Launches Mideast, Africa Bond Fund

The new fund has a seed capital of $25 million and will invest mainly in dollar-denominated debt.

UAE’s TAQA In Q3 Loss On Higher Costs

Abu Dhabi National Energy Company blames loss on construction costs and lower gas prices.

Abu Dhabi Rents Drop 6% In Q3 2012

Residential rents in the emirate continue to fall but still remain higher than Dubai, says new report.

ADIPEC Round Up – BP, ADNOC And Saudi Announcements

A round up of the day’s news and gossip from the region’s largest oil and gas event.

Abu Dhabi Islamic Bank To Price Sukuk Thursday

The lender is set to raise $500 million from its offering after big investor interest for its debut deal.

Aldar Properties And Sorouh Real Estate In Advanced Merger Talks

The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.

Sorouh Sees 55% Rise In Q3 Net Profit

The Abu Dhabi developer’s profit was driven by rising revenues from national housing projects.

Mubadala Seeks To Alter Terms On $3.4bn In Bonds

The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.

F1’s Raikkonen Wins Thrilling Abu Dhabi GP

Ferrari’s Fernando Alonso fails to regain the championship lead from title rival Sebastian Vettel.

Abu Dhabi Loses Its World’s Biggest SWF Crown

Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.

Review: Fairmont Bab al Bahr

Mainly aimed at business travelers the hotel’s rooms and facilities would easily keep leisure guests entertained too.

ADCB’s Q3 Profit dips 3%, Misses Forecast

Abu Dhabi Commercial Bank posted a net profit of Dhs595 million, as non-interest income declined.

National Bank of Abu Dhabi Cuts 2012 Loan Growth

NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.

UAE’s Tabreed Posts 29% Rise In 9-Month Profit

The Abu Dhabi-based cooling company made a net profit of Dhs167.6 million during the nine months to September 30.

Etihad Postpones Launch To Ethiopia

The Abu Dhabi airline’s application for an operating permit was rejected by Ethiopia’s aviation authority.

National Bank of Abu Dhabi Eyes South Korea

NBAD, which opened an office in Shanghai earlier this year, plans to expand its presence in Asia.

Etihad Signs Multi Million Deal With Airbus

Abu Dhabi’s flagship carrier has bought two new A330-200s and converted seven A320s into the larger A321.

Abu Dhabi Islamic Bank Eyes Sukuk Sale

The lender has mandated HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows.

Abu Dhabi’s TAQA Seeks New Terms For Dutch Gas Transport Tariffs

TAQA has a 60 per cent stake in Netherlands’ 4.1 billion cubic metre Bergermeer storage facility.

TAQA Hires Banks For $2bn Loan Refinancing

The financing will include a three-year and a five-year revolving credit facility.

Abu Dhabi-Led Group Submits Lowest Bid For Saudi Power Plant

A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.

Abu Dhabi Property Value Falls 6.8% In Q3 2012

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

ADNOC To Offer Cleaner Diesel Fuel For 2013 Term Contract

The move would make ADNOC the first Middle Eastern producer to export ultra-low sulphur diesel outside the region.

Abu Dhabi Islamic Bank Posts 3% Rise In Q3 Profit

The lender made a profit of Dhs328.5 million during the third quarter of the year.

Abu Dhabi 2011 Economic Growth Fastest In Seven Years

The emirate’s economy grew 6.8 per cent last year, according to government data.

Abu Dhabi’s NBAD Places $32m Renminbi Bond

BNP Paribas arranged the deal, which will settle on October 16.

Emal Picks Banks For Up To $1bn Bond Issue- Sources

Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.

National Bank Of Abu Dhabi To Expand Islamic Banking

NBAD is looking to reap 10 per cent of its operating income from Islamic banking by 2020, up from three per cent currently.

Etihad Eyes Asia And India Partnerships

Abu Dhabi’s flagship airline is looking at more minority stakes to further expand its global reach, says CEO.