Fitch Ratings has affirmed Abu Dhabi-based International Petroleum Investment Company PJSC’s (IPIC) long-term local and foreign currency Issuer Default Ratings (IDR) at AA and short-term foreign currency IDR at F1+. The ratings are aligned with those of Abu Dhabi, IPIC’s…
Category: Abu Dhabi
Fitch Affirms Abu Dhabi at AA
Fitch Ratings has affirmed Abu Dhabi’s Long-term foreign and local currency Issuer Default Ratings (IDR) at AA. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds have also been affirmed at AA. The Outlooks on the…
Etihad launches daily flights to Edinburgh
Etihad Airways, the national carrier of the United Arab Emirates, this week starts daily flights between Abu Dhabi and Edinburgh. Edinburgh is Etihad Airways’ first Scottish destination, and its third point in the UK, alongside a triple-daily operation to London Heathrow…
Abu Dhabi reports 25 per cent increase in hotel guests in 2014
Almost 3.5 million people checked into hotels in Abu Dhabi in 2014 — a rise of 25 per cent on the previous year’s figure, the Abu Dhabi Tourism & Culture Authority (ADTCA) says is a statement. This compares with the…
Abu Dhabi water and electricity price rises change face of the local economy
Higher electricity prices for everyone, charges for water consumption by Abu Dhabi nationals and a stinging increase in power use by industry during peak hours in summer are among the features of the most sweeping change in modern history in…
Da Vinci, Manet, Matisse, Monet, and Van Gogh to come to Abu Dhabi in 2015
Paintings by some the world’s most celebrated artists will be among the works that will be lent to the Louvre Abu Dhabi which opens in December next year, the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) announced yesterday.…
New finance announced for Arab filmmakers by Abu Dhabi
SANAD, the development and post-production fund of the Abu Dhabi Film Festival (ADFF), has announced the second cycle of grant recipients for 2014. They include nine projects by Arab filmmakers. The SANAD fund is part of ADFF’s support for Arab…
Australian visitors to Abu Dhabi rise in 2014
The number of Australians staying in hotels in Abu Dhabi rose to almost 17,000 in the first five months of 2014, according to figures released by the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) today. This was 8…
Etihad Airways’ revenue rises 28 per cent year-on-year to $3.2bn in first half
Etihad Airways today announced that its revenues in the first half of 2014 rose to $3.2bn, 28 per cent higher than in the same period of 2013. Passengers carried by the airline in the period rose to 6.7m, 22 per…
Middle East’s first self-scanning shop to open in Madinat Zayed in June
The Middle East’s first supermarket using self-scanning technology is due to open in Madinat Zayed in Abu Dhabi’s Western Region in June, the 2nd Al Gharbia Development Forum in Abu Dhabi was told this afternoon. The new shop, branded as…