Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.
March 12, 2012 1:40
For the first time in its nine-year history, the Abu Dhabi Festival 2012 has launched with a focus on its thriving community programme.
March 11, 2012 1:32
Abu Dhabi has not halted the issuance of new hotel licences in the capital of the United Arab Emirates but will be selective in the number it issues, a tourism official said on Sunday.
March 11, 2012 1:22
The National Bank of Abu Dhabi (NBAD) has successfully launched its new Cautious Income Fund, targeting a yield of 5 percent per annum.
March 11, 2012 1:20
Al Batha Trading & Industry Group invests AED 73.5 million in Kizad to store and distribute consumer goods over a 50 year period.
March 11, 2012 1:01
The first initial public offering of an Abu Dhabi corporate in London looks both tempting and risky. NMC Health has every reason to want to list in the UK. It has a clear growth story, and the London market knows healthcare well. But investors should demand to see a full medical history before parting with any cash.
March 10, 2012 5:13
Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, plans to invest directly in Indian real estate in an effort to diversify from its current strategy of ploughing money into the country through realty or private equity funds, sources familiar with the matter said.
March 10, 2012 4:53
Abu Dhabi-based airline Etihad Airways is upbeat on its future earnings after posting its first full-year profit in 2011, its chief commercial officer told Reuters on Wednesday.
March 8, 2012 3:56
Dubai builder Arabtec , in which Abu Dhabi's Aabar Investments upped its stake recently, saw a three-fold rise in its fourth-quarter net profit, handily beating analyst expectations.
March 8, 2012 3:37
National Bank of Abu Dhabi, the largest lender by market value in the United Arab Emirates, is set to take on regional mandates to add to its home-market advantage, the head of the bank's debt capital markets team said.
March 7, 2012 1:30
Advanced Micro Devices has dumped its equity stake in GlobalFoundries Inc, three years after spinning off the company that makes most of its computer chips, in a move that frees it to strike manufacturing deals with other foundries.
March 6, 2012 11:08
Abu Dhabi's Aabar Investments, which scrapped a $1.7 billion deal to take a majority stake in Arabtec two years ago, has raised its holding in the Dubai builder to 5.28 percent, according to a filing on the Dubai stock exchange on Monday.
March 6, 2012 11:01
A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said on Monday.
March 5, 2012 1:21
Abu Dhabi's International Petroleum Investment Company has signed an $850 million, three-year syndicated loan with mandated lead arrangers Barcap, BNP Paribas, Bank of America Merrill Lynch, DBS and Standard Chartered, bankers said.
March 4, 2012 10:55
First Gulf Bank, the second-largest bank by market capitalisation in Abu Dhabi, approved plans to double its paid-up capital through a bonus share issue, the bank said in a statement on Thursday.
March 1, 2012 1:57