Home UAE Abu Dhabi

Abu Dhabi

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

Deported Australian woman hits back at UAE reports of car owner insults

Jodi Magi has denied that she wrote insulting words about the car owner along with a picture she posted on Facebook

Etihad signs sponsorship deal with Saudi football club Al Ittihad

The Abu Dhabi-based carrier will serve as the preferred airline for the Jeddah-based club

UAE’s Aldar makes Dhs 1.9bn in H1 2015 on new project sales

The sales constituted land plots on Nareel Island and Al Merief developments, as well as unit sales at Meera at Shams Abu Dhabi

British Airways to fly Dreamliner to Abu Dhabi and Muscat

British carrier will hope to lure Emiratis and Omanis onto its new First Class suites

Abu Dhabi rents up 6%, prices rise 4% quarter-on-quarter in Q2

Developments such as Eastern Mangroves and St Regis Residences saw rents rise 10-12 per cent in Q2, says Asteco report

UAE bank ADIB targets 2016 acquisitions, eyes Asia, Middle East

The bank is looking for opportunities in Malaysia and Indonesia, as well as Algeria, Jordan and Morocco, its CEO said

Reem Mall gets nod from Abu Dhabi Urban Planning Council

Following the approval, officials said that they expect to start work on the $1bn mall this year

Abu Dhabi’s TAQA says not holding merger talks

The company “confirms that it is not engaged in merger discussions with any government or other entity”, it said in a statement to the bourse

Abu Dhabi’s IPIC 2014 net attributable profit drops 37%

IPIC made a net profit attributable to equity holders in the parent of $1.21bn against $1.92bn in 2013

Abu Dhabi considers state-backed merger for troubled TAQA – sources

Billions of dollars were spent on assets and expansion but the recent oil drop has impacted TAQA’s operations.