Khalifa Industrial Zone Abu Dhabi has awarded a deal to construct phase 1 of its pre-built warehousing to UAE’s System Construct.
Passenger revenues at Etihad totalled $900 million in the first quarter of 2013, compared with $758 million a year ago.
The three-year revolving credit facility attracted a total of 19 international lenders and replaces a $2.5 billion loan agreed in 2010.
Alex Thursby succeeds Michael Tomalin who after 14 years at the helm will remain in a non-executive director’s role.
A strategic guide for all the development initiatives in the Western Region has been devised under a framework called Al Gharbia 2030.
The Abu Dhabi carrier will also open a $6.8 million premium lounge this week in Terminal A at Dulles Airport for first and business class passengers
A joint venture between Taylor Woodrow and Abu Dhabi contractor Fibrex will work on the airport’s expansion.
The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.
Douglas was formerly CEO of Abu Dhabi Ports Company (ADPC) and replaces James Bennet.
Khalifa Industrial Zone Abu Dhabi has signed deals with 50 local and international companies, says CEO.
The lender expects to obtain a credit rating in the coming two or three months.
Starwood confirms discussions are ongoing as market speculation increases that the striking hotel will soon be converted to a Sheraton
The 100-megawatt, grid connected power plant, Shams 1, will generate clean energy to power 20,000 homes in the UAE.
The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.
The UAE’s Ministry of Finance placed Dhs70 billion ($19.1 billion) with banks after the 2008 financial downturn.
Mohamed Al Mubarak was named the deputy chief executive and chief portfolio officer of the new entity.
The airline’s first such initiative for three years, it will comprise TV, print, outdoor and digital elements.
The 15-year bond will allow NBAD to directly access Japanese retail investors.
Etihad paid $70 million to India’s Jet Airways to buy three pairs of Jet’s slots at London’s Heathrow Airport.
David Miliband called for investment and innovation, speaking at a conference in Abu Dhabi.
The new firms will be listed as Tier-2 stock without the need for initial public offerings.
Sheikh Nahayan bin Mubarak has cancelled the deal less than two weeks after it was signed.
Greater investments in sustainability are urgently required, say experts.
The UAE lender will issue a benchmark-sized five-year bond and also a ten-year subordinated deal.
Shares in Germany’s second biggest airline jump after Etihad Airways buys stake in frequent flyer programme.
Deal provides Abu Dhabi carrier with better connectivity throughout Africa and Nairobi-based airline with improved international access.
Aldar, which has been bailed out by the Abu Dhabi government over the past two years, plans to merge with rival Sorough.
The Abu Dhabi-listed energy firm missed repayment of its $920 million sukuk last year.
The contract covers building the hotel as well as maintaining its development for one year.
Having doubled in value the past 10 months, shares have slumped in the last three weeks as both companies struggle to seal an agreement.