Sorouh will be dissolved as part of the merger, and the new entity, called Aldar Sorouh Properties, will have over $47 billion in assets.
The Abu Dhabi-based property developers will merge through a share swap, according to sources.
South African energy minister says Abu Dhabi- based Masdar has expressed interest in the African nation’s renewable energy programme.
Abu Dhabi’s new water theme park will offer never-before-seen rides and thrills when it opens next week.
Gulf Business spotted a number of innovative cars and motorcycles at this year’s World Future Energy Summit in Abu Dhabi.
VIDEO: Golf Digest Middle East editor Robbie Greenfield reflects on a mouth-watering contest between Tiger Woods and Rory McIlroy.
Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.
Abu Dhabi airline’s arrival in May will help boost Netherlands-UAE trade links, currently valued at $3.6 billion
The golfing star has split from previous sponsor Jumeirah and joins Tiger Woods.
The Abu Dhabi Executive Council has announced a Dhs330 billion financial injection to fund various projects and initiatives in the emirate.
The Abu Dhabi National Energy Company has acquired an interest in Himachal Sorang Power Limited for an undisclosed sum.
Luxury two-floor facility targets government ministers, VIPs and celebrities.
Abu Dhabi-listed Dana reached an agreement with creditors to amend terms of a $920 million Islamic bond.
The Abu Dhabi airline set a new record for the number of people it carried in a single day.
The acquisition of the 205.5MW Lakefield wind project in Minnesota is expected to close in Q1 2013.
The former world number one will compete for the $2.7 million prize at the Abu Dhabi Golf Club on January 17.
The two Abu Dhabi-based property developers have a combined market capitalisation of about Dhs10 billion.
The Louvre museum in the emirate is due to be completed in 2015.
Abu Dhabi-based Etihad could pay up to $330 million for a 24 per cent stake in Jet Airways, says source.
The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
Exports rose 38.5 per cent to Dhs416 billion, driven by a rise in oil prices.
The Abu Dhabi airline is set to achieve a 22 per cent year-on-year increase in passenger numbers.
The emirate’s tourism authority is holding a five-city road show in India in January.
Over 13.4 million passengers passed through the capital’s airport in the first 11 months of this year.
Abu Dhabi Islamic Bank is the UAE’s first lender to receive a banking license in the African nation.
The plan to develop housing programmes could spur restructuring of the emirate’s real estate sector.
The group is looking for new advisers after dropping HSBC and JP Morgan Chase.
Caisse des Depots and ADIA come together to bid for TIGF business.
The deal will generate $242.70 million in revenue for the German carrier.
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