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Abu Dhabi Islamic Bank Posts 21% Q3 Net Profit Jump

The bank made a net profit of Dhs476.8 million ($129.8 million) in the three months to Sept. 30, up from Dhs395.5 million in the prior-year period.

Yas Marina Says 90% Of F1 Abu Dhabi Grand Prix Tickets Sold Out

The Yas Marina Circuit has allocated 60,000 seats for this year’s F1 race, taking place between November 20-23.

Alshaya’s Investment In Abu Dhabi’s Yas Mall To Create 2,000 Jobs

The retail group will open 42 brands in Yas Mall, including the UAE’s first Pottery Barn Teen and Icing store.

UAE Lender NBAD Names Former Barclays Veteran As Retail Banking Head

Suvrat Saigal, previously head of consumer banking at Barclays in India, takes over from George Beatty, who resigned in January.

Drake & Scull Wins Dhs172m Contract For District Cooling Plant In Abu Dhabi

Work on the plant has already begun and is scheduled to be completed by the fourth quarter of 2015, the company said.

UAE Lender ADCB To Open Singapore Office

ADCB launched a representative office in London five months ago, and has two branches in India.

Etihad Boosts India Network With Additional Flights To Mumbai, Delhi

Triple daily services will begin to Mumbai on February 15, and to New Delhi on May 1, 2015.

Abu Dhabi New Financial Zone Hires Regulatory Chief From Singapore

Richard Teng, most recently chief regulatory officer at the Singapore Exchange, will be CEO of the regulator at the Abu Dhabi Global Market.

Etihad, Alitalia Offer Concessions In Bid For EU Approval For Stake Deal

The European Commission said on its website that it would decide by Nov. 17 whether to clear the deal.

Soccer-Real Seal Strategic Partnership With Abu Dhabi’s IPIC

The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms, IPIC said.

National Bank Of Abu Dhabi Q3 Net Profit Rises 32%

NBAD made a net profit of Dhs1.37 billion ($373 million) in the three months to Sept. 30.

Macy’s To Open Its First International Store In Abu Dhabi

The Abu Dhabi Macy’s will span about 205,000 square foot while the new Bloomingdale’s, the UAE’s second, will be spread across 230,000 square foot.

Abu Dhabi’s Al Jaber Group Wins $700m Building Contract

The project which includes 1,920 residential units for Adnoc staff in Ruwais is scheduled for completion in two years.

UAE’s First Gulf Bank Q3 Profit Rises 20%, Beats Estimates

The lender made Dhs1.43 billion in the three months to Sept. 30.

Aldar Says Gate and Arc Towers Projects Fully Leased Out

The Gate and Arc Towers development located in Shams Abu Dhabi are made up of 3533 units, of which Aldar retained over 1300 units as part of their recurring-income portfolio.

Abu Dhabi State Fund Asks For More In $22bn Malaysia Banking Deal

Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).

Etihad To Begin Daily Flights To Dallas By April

The service, which will initially operate thrice a week, will be upgraded to a daily service in 2015 owing to strong demand, the company said.

Abu Dhabi’s Royal Jet Appoints New CEO

Patrick Gordon will replace Shane O’Hare, who served as the CEO of the private charter company since 2007.

Abu Dhabi’s Manazel Real Estate Prices New Al Reef Villas At Dhs1.7m

Manazel Real Estate has launched 860 two and three-bedroom villas in the new Al Reef development.

Pictures: Sneak Peek Into Abu Dhabi’s Upcoming Yas Mall

Yas Mall, developed by Aldar, is set to open in November and will feature over 370 retail and F&B brands.

Abu Dhabi’s Aldar To Launch New Projects In Next 3-4 Months

The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.

Abu Dhabi Education Council Orders School Closure By 2015 After Girl’s Death

Al Worood Academy Private School will be shut down for grave negligence after a four-year pupil died after being left in a school bus.

Abu Dhabi Commercial Bank Posts 16.4% Q3 Net Profit Gain

The lender made a net profit attributable to equity holders of Dhs1.02 billion.

Abu Dhabi Reports Progress In Louvre Museum Construction

A huge dome structure weighing 7,000 tonnes has been installed as part of the museum project.

Etihad, Alitalia Unveil New Aircraft For Expo 2015

The airlines will fly two Airbus A330-200 aircraft with the Expo livery starting from October 21 between Rome and Abu Dhabi.

Abu Dhabi’s Waha Capital Gets Regulatory Nod For Share Buyback

Waha Capital has secured regulatory approval to buy back up to 10 per cent of its outstanding shares.

Abu Dhabi’s Gulf Capital $750m Fund To Invest In 10-12 Firms

The company’s chief executive said that the fund is looking to invest in sectors such as power and water, oil and gas, healthcare and education.

UAE Lender First Gulf Bank Sells 45% Stake In Brokerage

FGB, majority-owned by Abu Dhabi’s ruling family, signed an agreement with Integrated Financial Group.

Swiss Airline Darwin Waters Down Etihad Deal To Get Green Light

Etihad has agreed to relinquish a role in the appointment of top executives at Darwin.

Etihad Partners Air Berlin, Alitalia Sign Codeshare Deal

The airlines, both battling to return to profitability, said the codeshare deal would cover 412 flights between Italy, Germany, Austria and Switzerland.