Latest in Tag: Abu Dhabi Highlight
Latest in Tag: Abu Dhabi
Egypt implements first office in UAE to revitalise tourism
New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast
Security is key to the UAEâs freedom
By Khalaf Ahmad Al Habtoor âThe price of freedom is eternal vigilance,â said the 18th century Irish politician John Philpot Curran. I could not agree more, especially when there are so many unscrupulous people abusing their freedom to create violence and anarchy. Sadly, troublemakers and crazies have succeeded in turning parts of the Middle East …
Solar Impulse II introduced in Cairo
The aeroplane is entirely powered by solar energy, and has started its first-ever 35,000 km journey around the world in March
Government approves American technology to convert butane to fuel for industries: Arab Energy
Butane in its regular state is of high density and cannot be pumped through pipelines, however, after mixing it with air, it converts into the same technical characteristics as natural gas, according to Abu Bakr.
Endowments minister holds Muslim Brotherhood accountable for water poisoning
Commenting during a religious forum in Abu Dhabi, Gomaa also accused Iran of imposing influence on other countries
Etisalat Egypt Q1 revenues down
Mobile service provider represented 19% of Etisalat Groupâs revenues from international operations
Gulf Capital receives ‘Firm of the Year’ award
Gulf Capital has been actively investing in private equity and credit and mezzanine arenas
Egypt, Abu Dhabi sign agreement developing maritime transportation
Red Sea Port Authority and Abu Dhabiâs counterpart to form joint companies encouraging marine investments
Al-Sisi in Abu Dhabi for high-stakes energy summit
UAE allocated more than $10bn in development aid to Egypt in 2014 alone, says Emirati Embassy in Cairo
Al-Sisi to visit UAE, participate in World Future Energy Summit
Qatar is also expected to participate in the summit
Future of real estate in Egypt a prominent theme in Abu Dhabi investor conference
Egypt is the largest real estate market in the region and its demographics suggest huge potential for growth
Dana Gas, Egyptian government negotiate agreement, with UAE support
âEgyptâs economic stability is a mustâ: UAE Minister of State Sultan Al-Jaber
In Pictures: âInvest in Egypt 2014â conference kicks off in Abu Dhabi
Photos by Federico Manfredi
Opportunities, challenges for investment in Egyptâs renewable energy sector
âInvest in Egypt 2014â conference kicks off in Abu Dhabi, amid speculation on the countryâs potential for green energy
UAE lists Muslim Brotherhood, Ansar Beit Al-Maqdis as terrorist organisations
The new law makes specific reference to the Muslim Brotherhood, its international branches, and affiliated charities, like the Islamic Relief Organisation.
Mehleb meets Saudi, Emirati ministers to prepare for Egypt economic summit
Government exerting âimmenseâ efforts to establish standards for investors, accelerating licence issuance, enforcing contracts, and resolving disputes, says cabinet
Womenâs sporting rights put Saudi Arabia and Iran on the defensive
By James M. Dorsey The struggle for womenâs rights to engage in and attend sport events has commanded increased attention with the hunger strike of a British-Iranian national incarcerated in Tehranâs notorious Evin prison, the expected arrival in Saudi Arabia of Australian women fans for the Asian Champions League final, and the rare appearance of …
Barclays to sell UAE retail ops to Abu Dhabi Islamic Bank for $177m
Reuters – Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB) for an expected price of AED 650m ($177m), ADIB said on Sunday. The emirateâs largest Islamic bank said it aimed to acquire 110,000 customers through the deal, helping it expand into serving expatriates, …
ABT delivers a gentle Coppélia at the Abu Dhabi Music Festival
The American Ballet Theatre charms audiences with a classic performance of the famous ballet
Bill Fontana explores the sounds of the desert in Abu Dhabi
The exhibition features local talents as well as first-heard sound installations by Bill Fontana
North America impairment pushes Abu Dhabiâs TAQA into 2013 loss
Reuters – Abu Dhabi National Energy Co (TAQA) posted a net loss of AED 2.52bn ($687m) for 2013 as it marked down the value of its oil and gas holdings in North America, the company said on Tuesday. The state-controlled energy investment giant swung from a profit after minority interests of AED 649m in 2012. …
Egyptâs Naeem Holding to cross-list on Abu Dhabi exchange
Reuters – Naeem Holding for Investments has received approval from the United Arab Emirateâs financial regulator to list on the Abu Dhabi exchange, the firm said, a further sign of closer economic ties between Egypt and the Gulf. âCoordination is ongoing with the Abu Dhabi market and the necessary measures for receiving the approval of …
Dubai lender Amlakâs Bourse suspension to be lifted
Reuters – The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year, the United Arab Emiratesâ economy minister said on Monday. Trading in shares of Amlak, which is in the process of restructuring debt that sources put at nearly $2bn, was suspended in November …
Huge housing deal may signal Gulf investment push into Egypt
The construction company said on Sunday that it had agreed with the Egyptian army to build the homes at 13 locations around the country on land provided free by the armed forces, which own a large amount of financial assets and real estate.
MidEast Stocks: CIBâs strong earnings lift Egypt; Aldar drags down Abu Dhabi
Reuters – Egyptâs bourse rose on Wednesday as the countryâs biggest listed bank posted strong fourth-quarter earnings, while markets in the United Arab Emirates weakened after a disappointing earnings report from Abu Dhabi property developer Aldar. Egyptâs index added 1.0% to 7,571 points after Commercial International Bank (CIB) posted a 29% rise in quarterly net …
Mubadala assessing options for $1.25bn bond maturity
The maturity is part of a $1.75bn, two-tranche bond which the fund sold in 2009, with the remaining $500m set to mature in 2019.
Abu Dhabiâs TAQA to build UAE desalination plant
Reuters – Abu Dhabi National Energy Company plans to build a water desalination plant in the United Arab Emirates to meet rising demand, the state-owned utility said on Tuesday. The 30 million gallon per day plant will be built in the emirate of Ajman, producing enough water to supply 250,000 people in the northern emirates, …
Abu Dhabi residential real estate rebounds strongly in 2013
Abu Dhabiâs real estate market slumped about 50% from its peak in 2008 after the global financial crisis triggered a crash
Dubaiâs Arabtec wins $705m Abu Dhabi contract
Reuters – Major Dubai-based builder Arabtec Holding said on Tuesday that one of its units had been awarded a AED 2.59bn ($705m) construction contract on Abu Dhabiâs Al Reem Island. The project will house a five-star hotel and a residential tower, and will be built within three years, it said in a bourse statement, adding …
UAE sees keen interest for largest oilfields on revised terms: Minister
Under the concession arrangement, ADNOC held a 60% controlling stake in the Abu Dhabi Company for Onshore Oil Operations (ADCO) oilfields, while ExxonMobil, Royal Dutch Shell, Total and BP, each held 9.5% stakes.