National Bank of Abu Dhabi is in discussions with the UAE’s central bank over proposed lending caps on local government entities and was "confident" a solution would be found, its chief executive said on Monday.
May 1, 2012 10:02
Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.
April 29, 2012 9:00
An Arabtec Holding consortium that includes Greek and Turkish firms is on the cusp of securing an estimated $3 billion contract for the expansion of Abu Dhabi's international airport, four industry sources told Reuters.
April 25, 2012 2:52
An Abu Dhabi-based edible oils firm said on Tuesday its Iranian client had stopped making orders due to liquidity issues, highlighting the slowdown in trade as Western sanctions squeeze financing for Iranian companies.
April 25, 2012 10:21