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…
Tag: UAE
Abu Dhabi launches event licensing system
For full coverage of Middle East businss see MEED An events licensing system for the official registration of events and conferences in Abu Dhabi was launched today in a decree issued by Abu Dhabi crown prince and Abu Dhabi Executive…
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…
UAE to cut energy subsidies
UAE Energy Minister Suhail Al Mazrouei For full coverage of Middle East business events, see MEED The UAE’s economic diversification strategy will be extended by removing further subsidies on energy, the federation’s Energy Minister Suhail Al Mazrouei told the World…
Etihad named business airline of the year
For full coverage of Middle East business events, see MEED Etihad Airways was named last night as business airline of the year at the 2016 Business Travel Awards at the Grosvenor House Hotel on London’s Park Lane. The awards, organised…
Etihad reports 17 per cent passenger growth in 2015
For full coverage of business developments in the Middle East, see MEED Etihad Airways, the national airline of the UAE carried 17.4m passengers in 2015, 17 per cent than the figure for 2014, and operated 97,400 flights which covered 467 million…
Fitch says UAE dividend rule is prudent
For full coverage of business developments in the UAE, seem MEED By reminding banks at the outset of the year that clearance must be obtained prior to announcing dividend payments, the UAE central bank is signalling prudence in a tougher…
UAE leads $120m loan for Aegean Oil
United Arab Bank (UAB) has closed of a $120 million credit facility for Aegean Oil Terminal Corporation, a New York Stock Exchange subsidiary of Aegean Marine Petroleum Network Incorporated (AMPNI). The credit facility marks the first syndicate lead for UAB…
Dolphin energy rating affirmed
For full coverage of Middle East business, see MEED Fitch Ratings has affirmed Dolphin Energy Limited’s (DEL’s) $1,250m 5.888 per cent secured bonds due 15 June 2019 and $1,300m 5.5 per cent secured bonds due 15 December 2021 at A+.…
UAE asset management market rises to $1.3bn
For full coverage of business developments in Iran and the Middle East, see MEED The UAE asset management industry manages $1,264.8m in assets in about 31 funds as of 21st July, 2015, according to Marmore’s UAE Asset Management report. Equity funds…