Abu Dhabi Marine Operating Company (ADMA-OPCO) is developing a major new oil field about 30 km northwest of the city in the Arabian Gulf. The Umm Lulu field will be developed in stages and contains...
Business
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Abu Dhabi Commercial Bank has confirmed that it is in talks with the Royal Bank of Scotland to buy their retail banking operations in the UAE. In a statement released by the UAE bank last week,...
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The UAE Ministry of Economy has launched an increased inspection campaign intended to crack down on fake goods as well as aiming to protect consumers and control prices. These inspections are...
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HE Sheikh Sultan Bin Tahnoon Al Nahyan, chairman of Abu Dhabi Tourism Authority, has announced that Abu Dhabi is aiming for a ten percent increase in tourist numbers by the end of the year. The...
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The negative impact of the global economic crisis and the H1N1 pandemic means that Etihad Airways is unlikely to break even this year. “If we’d had a better year in 2008 and 2009, we would...
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A recent report from business researchers Companiesandmarkets.com has predicted that retail sales in the UAE will rise 40 percent from $107.26bn last year to $150.52bn by 2014. This retail growth...
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The Abu Dhabi National Oil Company has awarded $5.6 billion of contracts to develop the Shah gas fields project, just days after US giants ConocoPhillips had pulled out of the project. Italy’s...
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Abu Dhabi’s largest real estate developer, Aldar has posted first-quarter losses of AED 314 million, which it has attributed mainly to lack of property sales as the housing market continues to...
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In response to the IMF’s recent report, the UAE Minister of Economy this week lowered his initial 2010 economic growth forecast for the country from 3.2 percent to 2.5 percent. "Depending on oil...
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The International Monetary Fund last week revised its growth predictions for the UAE economy for 2010, more than doubling its initial figure of 0.6 percent to 1.3 percent. In the IMF’s most...
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