Uber said on Sunday that it had suspended services in Abu Dhabi due to “unforeseen circumstances.” Observers suggest that the company is facing potential difficulties with local regulators. Uber has operated in the UAE since 2013. Dubai-based Careem said in a statement…
Category: Abu Dhabi
New bank for Abu Dhabi finance zone
For full coverage of Middle East business, see MEED Abu Dhabi Financial Group (ADFG) and Bahrain’s GFH Financial Group are setting up a a jointly-owned Islamic bank in Abu Dhabi’s new financial free zone, ADFG chief executive Jassim Al Seddiqi…
Abu Dhabi to double industry
For full coverage of Middle East business see MEED Abu Dhabi is planning to double the contribution manufacturing makes to output to 10 per cent from 5 per cent of GDP as it seeks to diversify its economy away from…
Etihad Airways consortium raises $500m
Etihad Airways president and chief executive officer James Hogan A consortium of Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have raised a further $500m in a second platform financing transaction. The funds raised by the…
Fitch affirms Abu Dhabi at AA
For full coverage of Middle East events see MEED Fitch Ratings announced today that it has affirmed Abu Dhabi’s long-term foreign and local currency issuer default ratings (IDR) at AA with stable outlooks. The issue ratings on Abu Dhabi’s senior…
Etihad starts fourth daily Cairo flight
For full coverage of Middle East business events, see MEED Etihad Airways today announced an increase in capacity between Abu Dhabi and Cairo with the introduction of a fourth daily scheduled flight, effective 27 March 2016. Etihad Airways said the…
New Etihad ad campaign targets UAE nationals
For full coverage of Middle East developments, see MEED Etihad Airways, the international airline of Abu Dhabi, will launch on 1 December a new marketing campaign targetting UAE nationals and highlighting local traditions, values and heritage. The initial phase of…
Five concerts planned in Abu Dhabi for New Year
For full coverage of Middle East business developments, see MEED Five star-studded New Year concerts will entertain revellers in Abu Dhabi as part of a programme of entertainment on 29-31 December presented by Abu Dhabi Tourism & Culture Authority (TCA…
First cruise ships call at Sir Bani Yas in Abu Dhabi
Abu Dhabi Ports─the master developer, operator and manager of ports and industrial zones in the Emirate―has started welcoming cruise liners at Sir Bani Yas Island, the Gulf’s first cruise beach stopover in Abu Dhabi. Two prominent luxury cruise vessels made…
Abu Dhabi wins world travel market award
Abu Dhabi has won the city destination of the year award for the second consecutive year at the UK’s Travel Agents Choice Awards during London’s World Travel Market this week. Nearly 1,000 UK travel agents voted in the awards, which…