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Nokia charging back with full force
Saudi government websites targeted
Austrian energy group OMV has signed its first upstream joint venture in Abu Dhabi, agreeing to drill up to three appraisal wells for sour gas and condensate together with BASF's Wintershall in the Arab Emirate.
June 21, 2012 5:18
BNP Paribas, StanC and SocGen lead arranging int'l facilities; Project to finance expansion of Jorf Lasfar coal-fired plant; Asian export credit agencies participate in deal
June 21, 2012 10:35
Tamweel, a unit of Dubai Islamic Bank, has not disclosed a target size for the proposed sale. It kicked off investor meetings on Tuesday in Abu Dhabi and roadshows are due to end on June 25.
June 20, 2012 10:20
Abu Dhabi's International Petroleum Investment Company (IPIC) reported a net profit of $44.7 million on Wednesday, down from $1.3 billion in the prior-year period, as market volatility and currency exchange risks weighed on profitability.
June 13, 2012 5:48
Abu Dhabi has appointed a new board to lead its airport operator Abu Dhabi Airports Co (ADAC), the state news agency reported on Sunday, the latest in a series of management changes that began last year in the oil-rich emirate.
June 11, 2012 10:19
Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.
June 10, 2012 5:53
In keeping with the recently held Airport show, Kipp takes a look at some of the largest and busiest airports in the world.
June 10, 2012 3:28
Abu Dhabi's flagship carrier Etihad Airways plans to raise its stake in Virgin Australia Holdings to at least 10 percent, Etihad's top executive said, after stating it owns a near 4 percent stake in the Australian carrier on Tuesday.
June 5, 2012 5:24
Stake bought through open market purchases; Virgin Australia shares gain 1.2 percent; Abu Dhabi carrier has been rapidly expanding overseas
June 5, 2012 11:45
ADNOC has notified Asian buyers that it will supply its four main grades - Murban, Lower Zakum, Umm Shaif and Upper Zakum - at contractual volumes in July, the sources said.
June 5, 2012 11:28
Sees North Africa and Middle East ripe for new power, water projects; CEO says Arab Spring highlights need for reliable utilities; Could do deal in Turkey this year says CEO; Looking for acquisitions in the North Sea
May 26, 2012 9:11
The government of the Australian state of New South Wales, home to the country's financial capital Sydney, will send a group to Dubai this week to discuss ways to develop the Islamic finance industry, officials said.
May 13, 2012 9:21
Q1 net profit 84.1mln dirhams vs. 26.6 million a year ago; Results beat average analysts forecasts; Says considering buying remaining 45 percent in steel unit; Abu Dhabi fund Aabar owns 10.5 percent in Arabtec
May 9, 2012 9:25
Private equity company Blackstone Group has expanded its property presence in London, buying the 12-building Devonshire Square office and retail complex from rival Rockpoint and the Abu Dhabi Investment Authority (ADIA), according to a source familiar with the deal.
May 9, 2012 9:20
Abu Dhabi airline cancels 7 next-generation A350-1000s; aircraft worth over $2 billion at today's list prices; same Gulf carrier cancelled 6 A350-1000s in December; Airbus says A350-1000 is more efficient than Boeing 777
May 7, 2012 3:24
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
