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UAE, Abu Dhabi Extend $20bn Of Dubai Debt

The debt is being rolled over for five years at a one per cent annual interest rate, WAM said in an official statement.

Abu Dhabi Executive Council Appoints First Female Member

Amal Al Qubaisi was also the first woman to be elected to the UAE’s Federal National Council in 2006.

UAE’s ADCB To Buy Back Further Shares In 2014 – CEO

Abu Dhabi Commercial Bank bought back seven per cent of its shares last year after it secured approval for a 10 per cent buyback.

Abu Dhabi Airports Signs Fuel Services Deal With ADNOC

Both the companies will jointly invest in a new fuel farm and a hydrant system that will enhance the fuel storage capacity of the airport.

Abu Dhabi’s Inflation Rises 2.1% In 2014

Housing, water and electricity costs rose 1.5 per cent in the last two months and were the largest contributors to the overall increase in the consumer price index.

UAE’s NBAD Picks Banks For Five-Year Aussie Bond-IFR

The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.

Abu Dhabi’s Aldar Properties To Build 2,300 National Housing Units

The projects have a total developmental value of Dhs5.7 billion and are being fully funded by the Abu Dhabi government.

Abu Dhabi Opens 17th Century-Style Hotel

The opulent hotel has four 71sqm Rose Suites on the 15th and 16th floor

First Gulf Bank To Set Up $1.07bn Sukuk In Malaysia

Funds from the programme will go toward expanding the bank’s day-to-day business.

Abu Dhabi Airport Reopens After Technical Problem

Etihad Airways said all flights into Abu Dhabi were temporarily diverted to other airports in the region.

Fog Forces Abu Dhabi Flight Diversions

Technical failure forces Abu Dhabi flights to other regional airports

REVEALED: Top 10 Fastest Growing Luxury Property Markets

Dubai and Abu Dhabi feature among the top 10 global cities seeing a rise in luxury residential property prices, according to Knight Frank.

Dubai Hotels’ Occupancy Rates Rise To 83% In January

New survey attributed the higher than average rates during the start of the year to the holiday season.

UAE’s Mubadala To Focus More On U.S., European Markets: COO

Mubadala shifted some of its focus to emerging markets after the global financial crisis hit the United States and Europe.

Le Royal Méridien Abu Dhabi To Unveil New Lobby

Hub designed to promote guest interaction, showcase arts and offer day-and-night F&B

UAE’s Al Noor Hospitals Targets Home Growth In 2014, As 2013 Profit Edges Up

Revenue for the group, which operates three hospitals and 12 clinics in the UAE, rose 12.5 per cent year-on-year to $365 million in 2013.

Etihad Reports $62m Profit In 2013

The airline benefited from a 30 per cent increase in partnership revenues, to $820 million, as its equity alliance stable rose to seven airlines.

Etihad CEO Gives 50-50 Chance For Alitalia Deal

Talks between the airlines intensified last month and sources close to the matter said Etihad might be interested in buying a stake of up to 40 per cent in the Italian carrier.

Etihad CEO Says At Final Phase Of Due Diligence On Alitalia

Etihad would have to be convinced that Alitalia could be moved to profitability, the Abu Dhabi airline’s CEO James Hogan told reporters.

Abu Dhabi Hotel Guests Up 36% In January

Guests numbers at Abu Dhabi hotels reached 276, 970 during January with hotels earning Dhs522 million in revenues.

Etihad Airways Starts Double-Daily New York Flights

The Gulf carrier will initially operate the extra flights on two three-class Boeing 777-300ERs, leased from partner Jet Airways, and from May 1, Jet Airways will take over the service

Alitalia CEO Says Etihad Needs 3-4 Weeks For Due Diligence

A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.

Dubai, Abu Dhabi Firms To Hike Housing Allowances In 2014

Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.

Etihad To Launch Daily Phuket Flights

UAE residents and holidaying Europeans now have improved access to the popular Thai destination

UAE’s ADCB Picks Banks For 5-Yr Benchmark Bond

ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.

UAE Food Producer NFPC Signs Dhs1.5bn Deal With Kizad

The deal would see an initial investment of Dhs1.5 billion by NFPC to build a mega-facility that will be spread across eight million sq ft of land in Kizad.

Abu Dhabi’s Al Khalidiyah Mall To Open New Samsung, Victoria’s Secret Stores

Al Khalidiyah Mall has launched a new 3D cinema and a bowling alley in addition to opening new international branded stores.

Tenants Become Investors As Abu Dhabi Engineers Property Rebound

Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.

Abu Dhabi Rents Shoot Up In Q4 2013

One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.

Shell Sells Australian Downstream Oil Assets For $2.2bn

Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.