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Abu Dhabi group buys key stake in British F1 teamA consortium of private investors, including an Abu Dhabi-based multinational business group and an American hedge fund manager, has acquired a 35 per cent stake in British-based The Lotus Formula One team. More… |
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NBK opens new branch in UAENational Bank of Kuwait (NBK) has opened its new branch in Abu Dhabi, the second in the UAE. The opening ceremony was attended by the assistant governor for banking supervision Saeed Abdulla Al Hamiz, NBK Group deputy CEO Isam Al More… |
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UAE ministries discuss draft law for juvenilesThe UAE Ministry of Interior and Ministry of Social Affairs held a key meeting to discuss the existing draft law for juveniles and proposed certain amendments in this connection. All the articles in a draft law for juveniles affirm that More… |
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UAE cinema launches first Dolby Atmos theatreUAE-based Cine Royal Cinema has launched the country’s first Dolby Atmos equipped theatre in Abu Dhabi in association with Dolby Laboratories. The launch was held at Cine Royal Cinema in Khalidiyah Mall at a special screenin More… |
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Loss-making Abu Dhabi TDIC sells key projectA joint venture between Abu Dhabi investment fund Mubadala and US-based Prudential Financial has bought a newly built residential development on Saadiyat Island from the emirate's loss-making tourism development company. The s More… |
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Masdar launches wind farm in SeychellesMasdar, Abu Dhabi’s renewable energy company, and the Abu Dhabi Fund for Development (ADFD) have launched a 6-megawatt, eight-turbine wind farm in the Republic of Seychelles which will deliver clean energy More… |
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Masdar launches wind farm in SeychellesMasdar, Abu Dhabi’s renewable energy company, and the Abu Dhabi Fund for Development (ADFD) have launched a 6-megawatt, eight-turbine wind farm in the Republic of Seychelles which will deliver clean energy More… |
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Tilal Liwa offers ‘traditional Ramadan experience’Tilal Liwa Hotel, a secluded hideaway leisure resort in Abu Dhabi, offers packages for a traditional Ramadan experience, starting on July 9. The hotel’s Ramadan packages include room rates starting from Dhs399 ($108.6) durin More… |
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UAE revives proposal to merge stock exchangesThe United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said. More… |
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UAE, India discuss prisoner exchange pactUAE’s Ministry of Interior and officials of the Indian embassy to the emirates recently discussed ways to activate the agreement signed between the two countries on exchanging prisoners. Discussions focused on overcoming obs More… |
