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Abu Dhabi’s TDIC appoints official from wealth fund ADIA as CEO

Sufian Hasan al-Marzooqi took charge as CEO of the Abu Dhabi Tourism Development Investment Co in mid-September

Abu Dhabi airport records highest ever passenger traffic in August

Passenger traffic rose 17.4 per cent year-on-year last month to reach over 2.25 million

Abu Dhabi’s Al Noor Hospitals Group buys Rochester Wellness

Post the deal, the listed firm is planning to open a new Rochester Wellness unit in Abu Dhabi

Abu Dhabi state fund Mubadala reports 53.4% drop in first half net profit

Gains from financial investments failed to offset lower income from disposals and higher costs

UAE car rental firm Massar launches pay as you drive app

New smart car app, available on Android and iOS, lets drivers pay only for the number of kilometres they use

UAE retail chain LuLu expands into Indonesia, plans 15 outlets

The group plans to invest $300m in the first phase of expansion

Abu Dhabi Ports sees 41% growth between Jan-July 2015

More than 772,000 TEUs containers were handled in the first seven months of 2015

Etihad announces new baggage policy, cuts excess luggage fares

Under the new rules, customers are entitled to one, two, or three bags, depending on their fare choice and route

Bloom Properties launches new mixed-use project Soho Square in Abu Dhabi

The project will be close to New York University Abu Dhabi campus and will comprise of 302 residences

Aldar launches sales for new residential project West Yas in Yas Island

The development will feature around 1,017 four and five-bedroom luxury villas, with prices starting from Dhs 4m

Abu Dhabi airport’s new Midfield Terminal project 55% complete – official

The new Midfield Terminal Building will have the capacity to handle 30 million passengers a year when ready

Abu Dhabi airport passenger traffic up 23.3% in July

The capital’s airport saw about 2.1 million passengers passing through last month, compared to 1.7 million during the same period in 2014

Etihad CEO: “Nobody else wanted to invest in Alitalia”

James Hogan says global investment is not a threat but a lifeline for the aviation industry

UAE’s Al Noor plans to double capacity after steady H1 -CEO

Al Noor made a net profit of $44.9m in the first six months of 2015 versus $45.6m a year earlier

Russia’s Rosneft in talks with UAE’s Mubadala on east Siberian fields – Kremlin

Rosneft, the world’s top listed oil company by output, is in talks with Mubadala to jointly develop two projects

UAE Exchange names new CEO, makes changes to board

Deputy chief executive Promoth Manghat has been promoted to chief executive, the Abu Dhabi-based company said

Abu Dhabi’s Aabar Investments appoints new CEO

The state fund has appointed IPIC’s director of investments Mohamed Hamad Al Mehairi as Aabar’s new CEO

UAE’s NMC Health completes purchase of Dr Sunny Healthcare Group

The deal expands NMC’s addressable market and patient cross-referral capabilities of its network

Abu Dhabi Urban Planning Council approves 26 projects in Q2

The total floor area of the developments approved more than tripled from the first quarter

Abu Dhabi sees 17% rise in visitors in H1 2015

Revenues for hotel establishments rose 8 per cent to reach Dhs 3.346bn in H1 2015, the latest figures reveal

Abu Dhabi’s Aldar Properties Q2 net profit rises 18%

The state-linked builder made a profit of Dhs 601m in the second quarter of 2015

Abu Dhabi rents to rise in 2015 as supply tightens

The capital’s housing stock saw the lowest level of growth in the last five years, potentially pressuring rents to rise

Abu Dhabi Airport crosses 2m passenger mark in July

The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015

Abu Dhabi airport passenger traffic up 17.2% in H1

Passenger numbers rose to 11.11 million from 9.48 million a year earlier

RBS ends plan to sell UAE transaction services to ADCB

The deal was called off in part because ADCB asked at a late stage to select which of RBS’ customers it would take, sources said

Abu Dhabi wins bid to host 2020 world swimming championship

The UAE capital beat rivals Lima and Almaty to win the bid

Abu Dhabi Commercial Bank Q2 net profit up 21%, beats estimates

The lender made a net profit attributable to shareholders of Dhs 1.28bn in the second quarter of 2015

UAE’s NMC Health to invest in Saudi, Qatar for Gulf expansion

The company secured an $825m loan from banks in February to pay debt and fund acquisitions

Abu Dhabi’s TDIC confirms worker died at Louvre museum site

Officials said the worker’s death in June was the first fatality that happened on site

Abu Dhabi’s Emirates Motor Company closes $175m debut loan

Noor Bank was the initial lead arranger for the syndicated structured facility