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Alitalia Sets Out €500m Budget Lifeline

Etihad codeshare partner Alitalia is set to receive €300 million from shareholders and €200 million from bank credits

UAE Announces Bid to Host 2019 World Energy Congress

The event, which takes place once in three years, attracts over 5,000 industry leaders.

Etihad Raises Virgin Australia Stake to 19.9%

The Abu Dhabi-based airline now holds more than 515 million shares in its equity partner airline

Citi, Qatar Bank Hold Up Al Jaber’s $4.5bn Debt Talks

Abu Dhabi conglomerate Al Jaber Group set up a five-bank creditor committee in 2011 to negotiate a $4.5 billion restructuring

Abu Dhabi’s Aldar Seeks $1.5bn Finance Before Bond Maturity

The proposed financing comes ahead of a $1.25 billion bond maturity in May 2014

Etihad To Buy Five B777-200LRs From Air India

Abu Dhabi carrier makes unusual move in order to meet Los Angeles launch next summer

Abu Dhabi’s NBAD Plans Asia Push For Debt Markets Business

The bank arranged 20 debt issuances worth around $16.3 billion in 2012

Etihad Launching Los Angeles Flights Next Summer

Abu Dhabi carrier will compete with Emirates for origin and destination and transfer traffic

Hilton Opening DoubleTree Hotel In Masdar City

The 316-room DoubleTree by Hilton Abu Dhabi Masdar City will comply with the environmental ethos of Masdar and seek to secure the prestigious ‘Estidama 3-pearl’ rating

UAE’s Taqa Gets Approval For Kurdistan Oilfield Development

The TAQA-operated block is expected to initially produce around 30,000 barrels of oil per day.

Rents Rise 20% In Abu Dhabi As Relocation Takes Effect

Average sales prices have also gone up, but there’s no bubble in sight, says Asteco report.

Abu Dhabi vs. DIFC: Battle Of The Freezones?

Will Abu Dhabi’s new financial zone look to rival its Dubai neighbour? Or will collaboration between the two be a wiser move for the region?

Etihad Wins India Cabinet Approval For $330m Jet Stake

The deal had been delayed due to scrutiny by Indian regulators and also due to opposition from some politicians.

Abu Dhabi’s Al Hilal Bank Launches $500m Debut Sukuk

Orders from investors reportedly reached $2.75 billion.

Etihad Starts Daily Ho Chi Minh Flights

New service to meet strong business and leisure demand and support UAE investments in Vietnam

Abu Dhabi Airport Sees 18.5% Rise In August Passenger Traffic

Over 1.5 million passengers passed through the emirate’s airport in August.

Mubadala’s H1 Profit Up 10.4% On Investment Gains

The Abu Dhabi fund said that profit attributable to equity owners for the first half of the year was Dhs1.1 billion.

UAE’s Airport Retail Industry Rakes In Revenues

The UAE’s airport retail sector has benefitted heavily from increased passenger traffic in the country.

Abu Dhabi Approves $4.3bn Development Spending

Abu Dhabi is investing billions of dollars in industry, tourism and infrastructure to diversify its economy away from oil.

Citigroup Moves To Block New Arbitration By Abu Dhabi Fund

ADIA previously accused Citigroup of fraud in the initial arbitration.

Depa Wins Dhs574m Fit-Out Contract In Abu Dhabi Project

Depa’s scope of work will include architectural woodwork, flooring work, decorative tasks and interior lighting.

Dubai Not In Refinancing Talks With Abu Dhabi

Dubai’s companies are ‘doing well and can take care of their own debt’ according to Sheikh Ahmed bin Saeed al-Maktoum.

Etihad Airways Plans Major India Expansion

The Abu Dhabi-based airline plans to introduce more flights, more seats and new routes to India.

Abu Dhabi To Invest $5bn In Russian Infrastructure

The accord with Abu Dhabi is expected to be signed during talks between Putin and Crown Prince Sheikh Mohammed bin Zayed on Thursday.

Al Hilal Bank Eyes Sukuk Issue In Q4

The five-year-old Islamic bank was assigned its first credit ratings earlier this week.

UAE’s Retail Market Attractive Despite High Rents

Average retail rental rates in Dubai and Abu Dhabi were $114 and $71 per square feet per annum respectively.

Abu Dhabi’s First Gulf Bank To Cut About 300 Jobs

The lender is reducing nearly 10 per cent of its workforce as part of a restructuring, according to sources.

Abu Dhabi’s ADPC Awards Dhs2.5m Delma Port Contract

Construction firm Parsons will develop 300 metres of concrete wharf and new floating pontoons that will accommodate more than 280 boats.

Air Seychelles’ First Half Revenues Climb Upwards

Airline benefits from equity partner Etihad, international expansion and improved cargo performance

Hilton Opens Second Hotel In Abu Dhabi

Hilton Capital Grand will aim to attract business and leisure travellers in the upcoming peak season