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Abu Dhabi

UAE’s ADNOC says fire at Ruwais oil refinery contained

No casualties were reported as a result of the fire

Etihad to launch third daily flight to Riyadh

The new service will be operated with an Airbus A320 aircraft

Majid Al Futtaim announces plans for $82m Masdar City mall

The new mall is designed to serve Masdar City’s growing population

UAE bank NBAD confirms resignation of four senior managers

No specific reason was given for the departures

Abu Dhabi in talks to invest in $100bn SoftBank fund

Saudi Arabia’s Public Investment Fund is a major backer of the fund

Abu Dhabi approves infrastructure projects worth Dhs241m

A Dhs76m project will be undertaken to maintain and restore internal roads and bridges in Abu Dhabi

ADNOC plans oilfield maintenance in March-April

The UAE has committed to reduce production by 139,000 barrels per day in the first half of 2017

Abu Dhabi backdates new municipality fee payments for renters to February

Expat renters will have to pay the 11-month fee for 2016 in one lump soon

Four senior staff to leave Abu Dhabi bank NBAD ahead of merger with FGB

The lender’s deputy group CEO is among those leaving, according to sources

OPEC, non-OPEC committee meeting proposed in Abu Dhabi

The commission includes five members: Kuwait, Algeria, Venezuela, Russia and Oman

Abu Dhabi bourse to introduce short-selling in Q1 2017 – CEO

The move is hoped to help ADX boost liquidity and attract more foreign investors

Abu Dhabi airport sees 4.4% rise in Nov passenger traffic

The airport received over 1.86 million passengers last month

Saudi carrier flynas begins flights between Dammam and Abu Dhabi

An Airbus A320 aircraft with business and economy seats will operate the route

Aldar says work progressing on mid-market project Shams Meera

The project is expected to be handed over in the second quarter of 2018

Abu Dhabi’s Etihad signs codeshare with Montenegro Airlines

The deal will begin next year, subject to government approval

Abu Dhabi’s Etihad pens codeshare with Tanzania’s Precision Air

Under the deal, Etihad will place its EY code on Precision Air flights

Abu Dhabi’s Etihad to dismiss group CEO James Hogan?

German business paper Handelsblatt Global cited multiple independent sources as confirming Hogan’s departure

Mubadala to hold Abu Dhabi’s 2% stake in BP

In exchange, BP has got a 10 per cent stake in Abu Dhabi Company for Onshore Petroleum Operations

China’s CEFC in talks for stake at Abu Dhabi oil concessions

ADNOC struck a $2.2bn deal with BP for a 10 per cent stake in the ADCO concession on Saturday

Abu Dhabi’s Etihad confirms job cuts to reduce costs

The airline said it was operating in an “increasingly competitive landscape”

ADNOC awards 10% onshore oil concession to BP

Under the agreement BP will manage the Bab oilfield

Etihad and Lufthansa announce code-share deal

Under the deal, Lufthansa will place its LH code on Etihad’s flights between Abu Dhabi and Frankfurt and Munich

Animals rights group PETA hits out against plans for SeaWorld Abu Dhabi

The new theme park is scheduled by 2022 in the UAE capital

Abu Dhabi reintroduces 5 per cent rent cap after three years

The move aims to protect tenants from unjustified hikes

Video: SeaWorld to open in Abu Dhabi’s Yas Island

The park is being developed in partnership with Miral and is slated to open by 2022

UAE’s ADNOC to cut Jan oil supplies to Asia; Kuwait, Oman to follow

The move is one of the first visible indicators that oil markets could be physically tighter in 2017

Sultan Bin Khalifa Foundation to establish $60m Abu Dhabi cancer treatment centre

The cancer centre in Al Shahamh will offer therapeutic services to nearly 1,300 patients annually

Abu Dhabi’s Marina Mall to undergo $817m extension

The expansion will add new leasing space, parking and a food court

Etihad board approves plans to create new European airline with TUI

Headquartered in Vienna, the new airline group is scheduled to begin operations in April 2017

Abu Dhabi’s Strata expects to break even in 2018

In July, Strata won two contracts from Airbus valued at $1bn to manufacture parts