Abu Dhabi « 8/30 « | Kippreport.com

Golf tour wants second ‘Desert Swing’, says Bjorn

European Tour officials are keen to launch a second 'Desert Swing' in the future, tournament committee chairman Thomas Bjorn said on Tuesday.

February 8, 2012 12:33

Union National Bank Q4 net profit falls on provisions

Abu Dhabi lender Union National Bank's fourth-quarter profit fell 19.2 percent after the bank set aside more money to meet potential loan losses arising from exposure to Dubai Holding Group entities.

February 7, 2012 3:22

Abu Dhabi’s Gulf Capital gets $135M to fund investments

Gulf Capital, an Abu Dhabi-based private equity firm, said on Tuesday it secured a 500-million dirhams ($135 million) five-year revolving facility from Abu Dhabi Commercial Bank to fund its investments.

February 7, 2012 3:08

UAE’s Dolphin Energy eyes yp to $1B bond sale

Abu Dhabi's Dolphin Energy, majority-owned by state fund Mubadala, plans to raise as much as $1 billion from a ten year bond issue, with the offering set to price as early as Tuesday, a statement from lead managers said.

February 7, 2012 2:28

Abu Dhabi investment firm TNI slashes jobs

Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters on Monday.

February 6, 2012 2:58

A Different Dubai: shopping fatigue could lead to innovation

Now that the world is watching, what can Dubai do to stay in the spotlight? Precious de Leon mulls over the possibilities, looking at how Abu Dhabi is shaping up.

February 5, 2012 5:01

Abu Dhabi’s ‘love affair’ with Seychelles grows stronger

With some of Etihad's executives moving over to Air Seychelles and Abu Dhabi's increasing bilateral relations with the islands, could we one day call the country UAE's eight emirate?

February 1, 2012 5:16

Abu Dhabi’s Etihad to get $169M lease finance

Abu Dhabi's Etihad Airways will receive up to $169 million in financing from state investment fund Mubadala and National Bank of Abu Dhabi to help the airline to lease spare engine parts.

February 1, 2012 1:28

Abu Dhabi’s Waha Capital Q4 net falls 46 percent

Waha Capital, an Abu Dhabi-listed investment firm, said its fourth-quarter net profit fell 46 percent, with the company citing a one-time gain in its year-ago results for the drop.

February 1, 2012 12:54

UAE Exchange sells 40 percent stake for $2B

UAE Exchange, one of the largest foreign exchange firms in the United Arab Emirates, has sold a 40-percent stake to Centurion Investment, the companies said on Tuesday, in a deal said to be worth $2 billion.

February 1, 2012 12:49

The Six Degrees of… Robert Rock

How is the new golf champion, Robert Rock, connected with two of GQ’s best dressed men and an Aussie triple threat actress? Check out this new champion’s six degrees.

January 31, 2012 6:02

UAE’s NBAD Q4 profit misses forecasts on impairments

Q4 net profit AED 724M vs AED732 million a year ago; Analysts forecast profit of AED756.4 million for Q4; Q4 impairment charges AED482 million vs AED424 million

January 31, 2012 3:05

UAE mall group MAF launches $400M sukuk

Dubai mall developer Majid Al Futtaim (MAF) Holding launched a $400 million five-year Islamic bond, or sukuk, at a profit rate of 5.85 percent, tighter than guidance.

January 31, 2012 3:02

Abu Dhabi tried to get Aldar off Mubadala books

Mubadala helped with bailout of struggling developer in 2011; Sources says talks held to shift Aldar to another entity; Aldar received nearly $10 billion in financial aid last year

January 31, 2012 2:56

Dubai airports’ 2011 cargo volume up slightly

Dubai's two airports handled 2.3 million tonnes of cargo in 2011, slightly up from the previous year, as links between the emirate's air freight operations and sea ports improved, their operator said on Monday.

January 30, 2012 3:12