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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.

Etihad Airways Q3 Revenues Up 19%

Passenger revenues were boosted by code sharing and partnerships.

First Gulf Bank Eyes Five-Year Bond

The Abu Dhabi bank is planning a $500 million bond as an existing one to mature in 2017 yields 2.7 per cent.

Abu Dhabi Airport Growth Outpaces Dubai Rival

Growth in the first eight months of the year at Abu Dhabi’s International Airport jumped 21.5 per cent.

UAE’s First Gulf Bank Eyes Bond Issue

FGB has hired five banks for a new benchmark bond, according to sources.

Abu Dhabi’s Economy To Grow 3.9% This Year

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.

Private Banking Special: Falcon Private Bank

Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank

UAE To Build Weapons Systems In JV With Denel

State-owned Tawazun Holding will build guidance weapons in Abu Dhabi in a joint venture with South African defence company.

Abu Dhabi Rents To Drop By 10%

Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.

Abu Dhabi Power Project Eyes Bond By End Sept

The Shuweihat 2 plant project may launch a bond as part of a $2.2 billion refinancing plan.

Etihad Raises Virgin Australia Stake To 10%

The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.

Abu Dhabi Launches New Port, May Compete With Dubai

The multi-billion dollar Khalifa Port can handle 12 million tons of general cargo annually in the first phase.

UAE Healthcare Firm NMC’s H1 Profit Jumps 21%

The company made a net profit of $27.5 million in the first six months of the year.

Etihad Starts Daily Flights To Tokyo, Casablanca

Abu Dhabi’s flag carrier announces daily services will begin early next year.

Etihad Increases Virgin Australia Stake To 6.1%

The Abu Dhabi-based carrier bought over $10 million worth of Virgin shares to raise its stake from 5.1 per cent last month.

Abu Dhabi’s Non-Oil Trade Grows 27.7% In 2011

According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.