Abu Dhabi-based Etihad Airways is reviewing its strategy of investing in European airlines and is seeking an exit in a shake-up that could lead to the departure of CEO James Hogan, company and industry sources told Reuters on Tuesday. Etihad saw a strategy to take equity stakes in carriers like Air Berlin, Alitalia and Air Serbia as a way to expand its European network but losses have mounted with Air […]
Tackling the theme of evil and how dark forces have affected the region throughout the centuries might seem like an tough task for a 75-minute documentary film, but it was a challenge Emirati director Mansoor Al Dhaheri relished. His film Little Sparta is currently screening in cinemas – but when he announced it on social media, he admits he was surprised by the reaction. It garnered an […]
A Middle Eastern investment banking fee bonanza should extend into 2017, spurred by a combination of bond and share sales and mergers and acquisitions as the region adjusts to lower oil prices, bankers say. Deals such as Saudi Arabia’s $17.5 billion debut international sovereign issue and the sale of a majority stake in retailer Kuwait Food Co (Americana) to Gulf-based Adeptio have helped banks’ earnings, off-setting falls […]
Many Emiratis live under pressure to find our identities between being members of big tribal families, proud of our heritage and culture, and being part of a modernised and ever-expanding country where every day we are more open to international business, and an ever-expanding community. I don’t see the distinction between expatriate and local, I see community. For an Emirati to be in that community setting is […]
ABU DHABI // A Canadian teacher working at a private school in the capital was one of the 34 people injured in Sunday’s attack in the southern Jordanian city of Karak that left 10 people dead. Christopher Vatcher, a teacher at Abu Dhabi Grammar School (Canada), sustained a bullet wound to the shoulder and is expected to make a full recovery, a family friend told CBC News. […]
Your daily guide to community and cultural activities across the Emirates for December 20, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Fitness event Women can enjoy exercising outdoors in the cooler weather every Wednesday at GoYas. Daman Activelife presents the ladies-only event that lets you walk, jog or bike around the shortened 3km […]
The UAE’s Federal National Council on Tuesday endorsed the budget for 2017, set in late October by the Cabinet at AED48.7 billion ($13.3 billion), with a prime focus on education, social development and health. The budget is a marginal rise on the AED48.5 billion budget set for 2016, suggesting UAE authorities remain cautious about spending as low oil prices pressure state finances. The approval came at a […]
It’s that time of the year again when all manner of weird, wacky and wonderful gifts appear in the UAE’s malls to temp Christmas shoppers. From remote control cars, to pine scented candles and fur covered flip-flops, there’s something for young and old, shy and bold this season. Flick through our slideshow to see more. newslide Bags of fun Kids familiar with The Gruffalo character will relish […]
ABU DHABI // Motorists will pay more for their car insurance from January 1 when new tariff rates are introduced and companies pass on the cost of ambulance services and courtesy cars to customers. New maximum and minimum premiums will be set for third-party and comprehensive policies, depending on vehicle type. The UAE Insurance Authority has issued a new vehicle insurance tariff system, on which premiums are […]
With so many toys on the market it can be hard to know which one to buy, especially in the pre-Christmas shopping rush. A Disney figurine might draw gasps of delight, but will it be forgotten after a few weeks? And what about that state-of-the-art, remote-controlled car? Will the lights break off and become a choking hazard for younger siblings? With so much to consider, it’s worth […]
State investment fund Mubadala Development Co will control a 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO), a spokesman said on Monday. The firm became the second Western oil major to renew a 40-year onshore concession in Abu Dhabi on Saturday after almost two years of negotiations to improve terms to help […]
ABU DHABI // Iran’s nuclear deal and the republic’s support for militias across the region are some of the major threats GCC countries face, the head of an Abu Dhabi think-tank told the British Parliament. Dr Ahmed Al Hamli told the International Relations Committee this threat had led to a regional shift of power from legitimate states to illegitimate terrorist groups, weakening the region for the Islamic […]
ABU DHABI // The majority of Emiratis and Arabs identify themselves by their nation state rather than their religion or Arab identity. These were the results of a survey that were revealed at the Promoting Peace in Muslim Societies forum on Monday. This is a major shift from the past decade when many polls suggested that Arabs saw themselves as “being Arab” more than anything else. The […]
Your daily guide to community and cultural activities across the Emirates for December 20, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Art exhibition No White Walls continues at Fairmont Bab Al Bahr, where you can see works created by professional artists in the UAE as part of an initiative to develop the art […]
19 December 2016 The real estate markets of the two main emirates of the UAE exhibited differing trends over the course of November 2016. While the pleasant weather and cool breeze apparently had a galvanizing effect on the Dubai realty market, things seemed to be cooling down in neighbouring Abu Dhabi. Bayut.com noticed an upward movement of both rents and prices of apartments in Dubai, but apartments […]
ABU DHABI // Pakistan’s ambassador to the UAE said he aims to help deepen bilateral defence and economic ties, particularly through the major new trade route traversing Pakistan to China, the Asian power that is set to become the GCC’s largest trade partner. “We really want to make this relationship more diversified, and deepen and expand it,” said Moazzam Ahmad Khan, who began his tenure as Islamabad’s […]
Emirates, the world’s biggest long-haul airline, and Abu Dhabi’s Etihad Airways are reviewing their workforce as overcapacity and a stronger dollar put pressure on earnings. The cutbacks show how the Gulf airlines’ rapid expansion of the past few years is slowing down against a more challenging economic backdrop. Dubai-based Emirates has offered redundancies to staff working in accounting, finance, IT and other departments in its head-office, sources […]
Christmas is a time that centres around family, friends, fun and an abundance of food. Nearly every restaurant across the country is offering at least one celebratory meal this weekend in honour of the festive tradition, so there is no shortage of options. While there are plenty of good options from established venues, why not treat yourself to something new – and try a Christmas feast at […]
On a clear afternoon on September 28, 2008, Elon Musk was on the verge of a nervous breakdown. Years earlier he had sunk most of his internet fortune into a commercial space company – SpaceX – and was now vying for a lucrative deal with NASA to resupply the International Space Station. There was only one problem: the last three attempts to send a rocket into space […]
Your daily guide to community and cultural activities across the Emirates for December 19, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screenings Catch two film screenings as part of the Cinema Space series. The Patience Stone (pictured), a film in Dari (Afhgan Persion) with English subtitles, is about a young woman in […]
Air Marshal Mark Binskin, chief of the Australian Defence Force, on Sunday visited Wahat Al Karama (Oasis of Dignity) memorial in Abu Dhabi to honour the UAE’s heroes who had died for their country. Mr Binskin inspected the guard of honour, laid a wreath at the Martyr’s Memorial and visited the Pavilion of Honour, where he was briefed on the martyrs’ names. He said the national landmark […]
ABU DHABI // The UAE has delivered four pillars of its 2030 global space agenda, a forum hosted by the UAE Space Agency and the United Nations heard on Sunday. The Dubai Declaration underlines the role of space exploration as a driver of innovation and international cooperation and sends a message that roles of women and young people in the space industry must be strengthened. “This declaration […]
BP cemented its 77-year relationship with Abu Dhabi by swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions. The U.K.’s second-biggest oil group will issue new ordinary shares to pay for 10 percent of the Abu Dhabi Company for Onshore Petroleum Operations Ltd., giving the emirate a 2 percent holding in BP, the London-based company said […]
It’s been a big month in theme parks in the UAE, with the official opening of Dubai Parks & Resorts in Dubai Sunday, news that IMG Worlds of Adventure are opening yet another venue, Legends, and Miral announcing that SeaWorld is coming to Abu Dhabi. By the time the Expo comes to the UAE in the year 2020, almost every popular movie and animation brand you can […]
