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Abu Dhabi extends period of $20 bn loans to Dubai

Last Updated: Sunday, March 16, 2014, 20:38

Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth USD 20 billion accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.

Compat to hear plea against Jet-Etihad deal later this month

Last Updated: Thursday, March 13, 2014, 16:43

After hearing the matter for almost one-and-a-half hours today, the tribunal posted the case for hearing on March 27.

UAE summons Iraqi envoy

Last Updated: Thursday, March 13, 2014, 15:08

The United Arab Emirates (UAE) has summoned Iraq`s ambassador and lodged a protest against the Iraqi prime minister`s statement that Saudi Arabia was funding terrorism.

UAE-led group TAQA to buy two India power plants in deal worth $1.6 bn

Last Updated: Sunday, March 02, 2014, 18:53

The group will spend $616 million on equity in the plants, and in addition take over their non-recourse project debt, bringing the total enterprise value to around $1.6 billion, a TAQA spokesman told Reuters.

Two killed in UAE military plane crash

Last Updated: Thursday, February 27, 2014, 14:11

A trainer of the United Arab Emirates (UAE) Air Force crashed Thursday killing its two occupants.

Rolling Stones rock Abu Dhabi in first Middle East show

Last Updated: Saturday, February 22, 2014, 04:20

Vintage hell-raisers, the Rolling Stones played their first ever concert in the Middle east on Friday - a gig to 30,000, mostly Western fans in culturally conservative Abu Dhabi.

Jet does not see big revenue fall due to US downgrade

Last Updated: Tuesday, February 11, 2014, 10:14

Jet Airways, the country's No.2 carrier by domestic market share, said on Monday it did not expect a big fall in revenue due to a recent rating downgrade of India's aviation safety by the United States.

UAE-led group expects to sign $2 billion India power deal soon: Report

Last Updated: Monday, February 10, 2014, 15:38

Abu Dhabi National Energy Co (TAQA) , leading a consortium that plans to invest around $2 billion to acquire hydropower assets in India, expects to close the deal this quarter, three sources familiar with the matter told Reuters.

Kerry to visit China, South Korea, Indonesia and Abu Dhabi

Last Updated: Monday, February 10, 2014, 09:29

US Secretary of State John Kerry will begin a trip this week to China, South Korea, Indonesia and the United Arab Emirates, the State Department said on Sunday, at a time of high tensions in Asia over China`s increasingly assertive territorial claims.

Wanted Bhatkal kin apprehended in Abu Dhabi

Last Updated: Tuesday, February 04, 2014, 20:02

An alleged key operative of banned Indian Mujahideen(IM), who is a cousin of the Bhatkal brothers and wanted for several blasts in India, has been apprehended by authorities in Abu Dhabi and produced before a local magistrate.

Lufthansa hits out at Etihad's Alitalia plans

Last Updated: Monday, February 03, 2014, 21:14

German airline Lufthansa hit out Monday at plans by Abu Dhabi-based Etihad Airways to buy debt-laden Alitalia, saying it amounted to covert state aid.

UAE president stable after stroke: Ministry

Last Updated: Saturday, January 25, 2014, 20:32

UAE President Sheikh Khalifa bin Zayed al-Nahyan has undergone an operation after suffering a stroke and is in stable condition, the ministry of presidential affairs said on Friday.