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.
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.
The Abu Dhabi-based district cooling utility company appointed Jasim Thabet as its new chief executive officer.
The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.
Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.
Abu Dhabi shelled out close to $1 billion on Manchester City’s Barclays Premier League title, writes Neil Churchill