Abu Dhabi / emirates business Abu Dhabi National Hotels (ADNH) and First Abu Dhabi Bank (FAB) have signed an AED1.6 billion ($440 million) loan facility agreement. The agreement will provide ADNH with the financing capability to acquire a number of Dubai-based hotels. The agreement was signed by Sheikh Ahmed Mohammed Sultan Suroor Al Dhaheri, Vice Chairman of ADNH and André ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, on Monday met with Christopher Pyne, Australian Minister for Defence. During the meeting, Al Bowardi hailed the distinguished relations between the UAE and Australia which are witnessing progress in all sectors. The two sides also discussed a number of issues of mutual interest and ways ...

Bloomberg Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd in a move that will see the Abu Dhabi-based carrier double its stake to 49 percent, according to television reports. Etihad is in talks to lift its holding from the current 24 percent, India’s BTVI channel reported, citing unidentified people familiar with matter. CNBC-TV18 ...