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.
Passenger revenues were boosted by code sharing and partnerships.
The Abu Dhabi bank is planning a $500 million bond as an existing one to mature in 2017 yields 2.7 per cent.
Growth in the first eight months of the year at Abu Dhabi’s International Airport jumped 21.5 per cent.
FGB has hired five banks for a new benchmark bond, according to sources.
The figure is down on previous forecasts blamed on a drop in oil production but 5.7 per cent growth is predicted for 2013-2016.
Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank
State-owned Tawazun Holding will build guidance weapons in Abu Dhabi in a joint venture with South African defence company.
Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.
The Shuweihat 2 plant project may launch a bond as part of a $2.2 billion refinancing plan.
The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.
The multi-billion dollar Khalifa Port can handle 12 million tons of general cargo annually in the first phase.
The company made a net profit of $27.5 million in the first six months of the year.
Abu Dhabi’s flag carrier announces daily services will begin early next year.
The Abu Dhabi-based carrier bought over $10 million worth of Virgin shares to raise its stake from 5.1 per cent last month.
According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.
© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.