Monday 21 April 2014
 
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abu dhabi

Aldar launches new $1.4bn Abu Dhabi projects

Real estate developer Aldar Properties has launched three new developments in Abu Dhabi worth 5 billion dirhams ($1.4 billion), the company said on Monday. "Off-plan sales for the three developments will commence in May and c

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Abu Dhabi office market ‘still stagnating’

Despite the on-going drive for economic diversification in Abu Dhabi, the office market is yet to see any benefit, with weak, but stable demand levels leading to a stagnation in commercial rents, a report said. With mixed availabi

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Abu Dhabi mortgage firms see positive investor outlook

Changing regulations, the removal of rental price caps, and the rising demand are all responsible for Abu Dhabi’s residential rental yields, said an industry expert, adding that lenders were set to benefit from the positive investor sentim

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Non-oil sector boosting Abu Dhabi housing market

Growth in key non-oil sectors such as tourism, hospitality, education and healthcare is translating into robust demand in terms of the volume and nature of property requirements in Abu Dhabi, a report said. The non-oil sector cont

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Mubadala income triples to $1.44 billion

Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, tripled its total comprehensive income in 2013 to Dh5.3 billion ($1.44 billion), compared to Dh 1.6 billion in 2012.     

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UNB to finance $238m Abu Dhabi airport works

UAE-based Union National Bank is set to finance the PCE Joint Venture for the mechanical works for Abu Dhabi International Airport – Midfield Terminal Building.   The JV comprises of Power Transmission Gulf

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Insurance House profit up 29pc in Q1

Insurance House (IH) has registered a total comprehensive profit of Dh4.49 million ($1.22 million) during the first quarter of the year, nearly 29 per cent higher than the total comprehensive profit of Dh3.48 million recorded during the same per

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Etihad increases flights to Athens, Larnaca

Etihad Airways, the national airline of the UAE, is set to boost frequency and capacity to key Mediterranean destinations from its Abu Dhabi hub.   The airlines will increase the Abu Dhabi-Athens route from seven

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Irena calls for urgent action on climate

The International Renewable Energy Agency (Irena) has reinforced the call to accelerate transition to a sustainable global energy mix to limit global temperature increase and avert catastrophic climate change. The agency said this

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Etihad passenger, cargo volumes soar; revenue jumps

Etihad Airways, the national airline of the United Arab Emirates, posted its strongest ever passenger and cargo volumes for a first quarter, together with $1.4 billion in total revenues, during the first quarter of this year, marking a year-on-y

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