Latest Abu Dhabi News
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Abu Dhabi lender ADCB to price subordinated bond Wednesday
DUBAI | Wed May 22, 2013 3:48am EDT DUBAI May 22 (Reuters) - Abu Dhabi Commercial Bank plans to raise at least $500 million from a benchmark-sized subordinated bond as early as Wednesday, the arranging bank for the deal said. Early price talk for the 10-year deal, which is not redeemable for five years (non-call 5), was released at 230 basis points over five-year midswaps, Standard ...
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Medicine prices in GCC to be standardised
The Gulf Committee of the GCC health ministers council has agreed to standardise medicine prices starting this July, Amin Al Amiri, the assistant undersecretary for Medical Practice and Licensing at the Ministry of Health, said. The decision was made during the committee's ninth meeting, held in Dubai, and will affect local, regional and global manufacturing companies. It will take into ...
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Earthquake training for GCC rescue teams
The UAE search and rescue unit has carried out a joint drill with teams from the GCC to ensure it is fully prepared in the event of an earthquake. The drill was carried out at the UAE team's camp in Al Shlila, Abu Dhabi, and included teams from Saudi Arabia, Qatar, Kuwait and Bahrain. It focused on measuring the team's response capabilities in cases of natural disasters and buildings ...
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Suspected back-seat thief arrested in Sharjah
A man has been arrested in connection with a series of thefts from SUVs in Sharjah. Col Abdul Razak Assad, the acting director of Sharjah CID, said the Iraqi man is accused of stealing the rear seats from 4x4 vehicles. He was arrested in industrial area five after being followed by police. "He tried to resist arrest and flee the scene but police managed to control him and arrest ...
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Abu Dhabis Man City seals MLS team franchise
The New York Yankees and Abu Dhabi-owned Manchester City have formed a Major League Soccer (MLS) team to play in New York City from 2015, aiming to win over America's largest sports market to the global ...
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Survey identifies 6000 danger spots on Abu Dhabi roads
ABU DHABI // Almost a third of the capital's internal roads were found to be dangerous in a recent survey of high-risk traffic areas. Majed Al Kathiri, head of traffic services section and road safety at Abu Dhabi Municipality, said a survey of high-risk areas and corridors in Abu Dhabi identified more than 6,000 issues. "We need to intervene urgently to treat the most dangerous ...
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Etisalat Nigeria signs $1.2b loan facility
A staff member of Etisalat Nigeria waits for customers, during the launch of mobile number portability in Lagos, Nigeria. Mobile phone users in Nigeria can now keep their old number when switching services, a major shakeup in the West African nation's lucrative telecommunications market where customers often complain of poor service. The service, pushed by the federal Nigerian ...
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High Rise in Emirati Divorces
Immaturity and false expectations seem to be the main reasons for the increasing number of divorces among Emiratis, according to psychologists and social workers. Dubai courts recorded a 26 percent rise in divorces in 2012 in comparison with the numbers from the previous year, and the average age for marriage had also risen ...
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UAE sedition trial Final addresses for the 94 accused as court sets date for verdict
ABU DHABI // Lawyers for the 94 Emiratis accused of sedition made their final addresses to the State Security Court yesterday. They renewed calls for their clients to be acquitted, repeated allegations that case files had been tampered with while noting that they had no access to them, and criticised the media for its coverage of the case. Jassim Al Naqbi, who represents nine of the accused, ...
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Maids wage contracts must be honoured if signed says UAE Foreign Minister
ABU DHABI // The UAE does not prevent foreign embassies from working to protect their citizens who are employed here, the Foreign Minister told the FNC yesterday. Following a debate on efforts by the Philippines embassy to enforce a minimum wage for its citizens employed as domestic staff, Sheikh Abdullah bin Zayed said that "if we want to support our nationals abroad, there can be no ...
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UK backing visa-free Euro travel for Emiratis
ABU DHABI // The European Parliament will consider granting Emiratis visa-free entry to the European Schengen area next year, the Foreign Minister told the FNC yesterday. Over the past year the UAE has increased its efforts to win visa-free entry to the Schengen area - a group of 26 countries in western Europe. In February, Sheikh Abdullah Al Hamed, undersecretary at the Ministry of Foreign ...
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Etisalats Nigerian affiliate secures $1.2bn refinancing facility
Etisalat has said its Nigeria affiliate has signed a $1.2bn refinancing loan with 13 Nigerian banks, Reuters has reported. The medium-term facility will be used to refinance an existing $650m loan and bolster Etisalat Nigeria's network, Etisalat ...
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Etihad launches new cards that reward spending with air miles
Credit card provider MBNA has added airline giant Etihad to its partner portfolio as they today launched two new cards that rewards spending with air miles. Holders of the Etihad Guest American Express Card will earn 1.5 Etihad Guest Miles for every 1 of spending, while those with the Etihad Guest Visa Card will get 1.5 miles for every 2. MBNA has a litany of organisations for whom it provides ...
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Launch Of Amsterdam Flights Marks Start Of Second Phase In Etihad Airways KLM Strategic Partnership
Peter Hartman, President and CEO of KLM (left) and James Hogan, President and CEO of Etihad Airways celebrate the launch of Etihad Airways’ flights between Abu Dhabi and ...
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Etisalat signs $1.2bn deal with Zenith FBN others
Emerging Markets Telecommunications Services Limited, trading under the name of Etisalat Nigeria, has signed a $1.2bn medium-term syndicated loan facility agreement with Zenith Bank Plc, Guaranty Trust Bank Plc, First Bank of Nigeria Limited and 10 other ...
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Abu Dhabi Investment Forum starts Wednesday in Paris as the emirate seeks foreign partnerships with a purpose
ABU DHABI, May 21st, 2013 (WAM): Abu Dhabi Investment Forum will start tomorrow in Paris, France, bringing together business and government leaders and decision makers from the UAE and France. The Forum will be opened by Nasser Ahmed Alsuwaidi, Chairman of the Abu Dhabi Department of Economic Development (ADDED) which hosts the event. "We welcome French business. That's the ...
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UAEs water and electricity needs will be met FNC told
ABU DHABI // The Minister of Energy yesterday assured the FNC that the country's water and electricity needs will be met. Suhail Al Mazrouei said the Federal Electricity and Water Authority, which he also heads, has a clear strategy to cover the needs of all the emirates it serves. Mr Al Mazrouei said plans had been been sent to the relevant emirates for approval. But Rashed Al Sheraiqi ...
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Emiratis must abide by any contracts they sign says Sheikh Abdullah
ABU DHABI // The UAE does not prevent foreign embassies from working to protect their citizens who are employed here, the Foreign Minister told the FNC yesterday. Following a debate on efforts by the Philippines embassy to enforce a minimum wage for its citizens employed as domestic staff, Sheikh Abdullah bin Zayed said that "if we want to support our nationals abroad, there can be no ...
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UAE media law has answers says Abdullah
Sheikh Abdullah bin Zayed with Dr Anwar Mohammed Gargash, Minister of State for Foreign Affairs and Minister of State for FNC affairs, during yesterday's FNC session. Ravindranath K / The ...
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Quotas for Emiratisation of media will not work FNC told
ABU DHABI // Quotas for Emiratisation of the media will not work, Sheikh Abdullah told the FNC. He admitted he was disappointed that so few Emiratis worked in the media, but warned that imposing quotas could lead to "bogus Emiratisation". He said 13 per cent of staff at the Dubai ...
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SummerFest Abu Dhabi expanded into 52-day extravaganza spanning mid-summer
ABU DHABI, 21st May, 2013 (WAM): With a refreshed identity and enhanced entertainment offerings, SummerFest Abu Dhabi - an upgrade of the emirate's annual summer promotion - has been expanded into a 52-day extravaganza spanning mid-summer, the Holy Month of Ramadan, Eid Al Fitr and the destination's traditional EidFest celebrations. Running June 27 to August 17, SummerFest Abu Dhabi ...
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Abu Dhabi roads in for an extreme makeover
Pedestrians walk to and from the Abu Dhabi Mall on an overpass over the busy road in front of the mall. Authorities blocked off the street for use by pedestrians, forcing them to use the overpass instead of the risky jaywalking. Silvia Razgova / The ...
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Etisalat shows corporate conscience with projects
Etisalat has highlighted corporate social responsibility (CSR) as a key pillar in its operations. The group launched its first CSR & Sustainability Report at the CSR Summit in Dubai yesterday. "CSR is embedded within our vision and our strategy," said Ahmed bin Ali, a senior vice-president of corporate communications at Etisalat Group. "We want to be the most admired telco ...
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Remind me of an old Emirati saying
Proverbs caricaturised in Turath, the magazine of the Emirates Heritage Club, to raise interest in the roots of old Emirati sayings. Fatima Al Marzooqi / The ...
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Vet science a natural way back to UAE culture
ABU DHABI // When Majid Al Qassimi landed his first job, at Al Ain Zoo in 2011, one word came into his mind - "jackpot". To young Emiratis more used to seeking high-paid government positions, his reaction might seem strange but, for Mr Al Qassimi, the job was perfect as it enabled him to use the veterinary medicine degree he earned from years of study in Britain and Hungary. It also ...
Abu Dhabi Featured
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Abu Dhabi's changing role in UAE
The international financial crisis has caused much misery and despair world-wide, but in every recession there are opportunities, and because of Dubai, Abu Dhabi may have been presented with one.
When people around the world think of the United Arab Emirates, its capital, Abu Dhabi, is not the first emirate that comes to mind. Rather, Dubai is the most famous of the seven entities that united in the 1970’s. Read more
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