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National Bank of Abu Dhabi Q4 profit jumps ahead of FGB merger

Abu Dhabi’s largest lender saw higher lending fees and insurance sales

Abu Dhabi Commercial Bank Q4 profit drops 16% on impairments

The emirate’s second-largest bank by assets made a net profit attributable to shareholders of Dhs1bn

New water taxis introduced at Abu Dhabi’s Yas Island

The service is hoped to improve accessibility and connectivity to the island

Abu Dhabi lender Al Hilal Bank’s CEO steps down

Al Hilal’s CFO Craig Bell will assume the position of acting CEO

Etihad to deploy new Dreamliners on Levant, China routes

The airline will receive nine Boeing 787-9s this year

Abu Dhabi International Airport passenger traffic up 5.1% in 2016

Abu Dhabi carrier Etihad accounted for 76 per cent of the airport’s traffic

UAE gets set to host 2019 Special Olympics World Games

Abu Dhabi will host the event from March 14-21, 2019

Etihad group CEO James Hogan and CFO to step down

Etihad said a global search for a new group CEO and CFO is already underway

Germany’s Siemens partners with Abu Dhabi’s Strata, Etihad for 3D-printed aircraft parts

The pilot project will see cabin interior parts for Etihad aircraft designed, manufactured and certified in the UAE

Abu Dhabi royal backs Al Ain hyperloop project

The deal follows the announcement of a six-month feasibility study of the system in December

Etihad to increase frequency of services to Maldives this summer

The airline will add four additional weekly flights on the Abu Dhabi – Male route

Abu Dhabi merges Mubadala, IPIC to create $125bn fund, CEO appointed

The new fund, Mubadala Investment, will be run by CEO Khaldoon al-Mubarak

Etihad adds daily flight between Abu Dhabi-Dusseldorf, Airberlin cuts the route

The new service, effective March 26, 2017, will complement an existing daily flight

Etihad confirms that it is not looking to buy stake in Lufthansa

Etihad is grappling with ways to turn around two of its loss-making investments – Air Berlin and Alitalia

Apartment prices dip significantly in Dubai and Abu Dhabi in 2016

Property site Bayut.com said a double-digit decline was seen in Dubai

Lufthansa not in merger talks with Abu Dhabi’s Etihad – sources

A media report claimed that managers were examining the possibility of Etihad buying a 30-40 per cent stake in Lufthansa

Abu Dhabi’s ADNOC seeks $1bn in energy efficiency savings

Under the plans the company aims to reduce its gas consumption by 156 million cubic feet per day

Etihad, Lufthansa reportedly in talks to merge airlines

Managers are examining the possibility of Etihad taking a 30-40 per cent stake in Lufthansa, a report claimed

UAE’s ADNOC says fire at Ruwais oil refinery contained

No casualties were reported as a result of the fire

Etihad to launch third daily flight to Riyadh

The new service will be operated with an Airbus A320 aircraft

Majid Al Futtaim announces plans for $82m Masdar City mall

The new mall is designed to serve Masdar City’s growing population

UAE bank NBAD confirms resignation of four senior managers

No specific reason was given for the departures

Abu Dhabi in talks to invest in $100bn SoftBank fund

Saudi Arabia’s Public Investment Fund is a major backer of the fund

Abu Dhabi approves infrastructure projects worth Dhs241m

A Dhs76m project will be undertaken to maintain and restore internal roads and bridges in Abu Dhabi

ADNOC plans oilfield maintenance in March-April

The UAE has committed to reduce production by 139,000 barrels per day in the first half of 2017

Abu Dhabi backdates new municipality fee payments for renters to February

Expat renters will have to pay the 11-month fee for 2016 in one lump soon

Four senior staff to leave Abu Dhabi bank NBAD ahead of merger with FGB

The lender’s deputy group CEO is among those leaving, according to sources

OPEC, non-OPEC committee meeting proposed in Abu Dhabi

The commission includes five members: Kuwait, Algeria, Venezuela, Russia and Oman

Abu Dhabi bourse to introduce short-selling in Q1 2017 – CEO

The move is hoped to help ADX boost liquidity and attract more foreign investors

Abu Dhabi airport sees 4.4% rise in Nov passenger traffic

The airport received over 1.86 million passengers last month