ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, issued a resolution to merge International Petroleum Investment Company (IPIC) and Mubadala Development Company, Mubadala. The resolution stipulated that a joint committee be created and assigned with the ...

  Bloomberg Masdar and Electricite de France SA are jointly bidding to build a 350-megawatt solar power plant in Abu Dhabi as OPEC’s fifth-largest oil producer diversifies electricity sources to meet burgeoning demand. The partners plan to make the bid “as competitive” as the record-low offer that this week won Masdar the right to build a solar facility in neighboring ...

  ABU DHABI / EMIRATES BUSINESS Abu Dhabi Airports announced a 5.6% increase in passenger traffic at Abu Dhabi International Airport (AUH) for May 2016, compared to the same month last year. A total of 1,982,010 people traveled through AUH last month, exceeding May 2015’s figure of 1,877,440. A number of destinations witnessed noteworthy growth in passenger traffic, with the ...