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ABU DHABI NEWS

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Royal Investment Bank And Bridgehead Administration In Joint Venture To Raise Fund Capital In The Middle East
Royal Investment Bank Limited has signed a collaborative agreement with Bridgehead Administration Limited to provide fund raising assistance and investment marketing services to international fund managers who are looking to access the investor market across the Middle East.

ADAC Announces Ground Breaking Of Premier Inn Hotel At Abu Dhabi Int’l Airport
Abu Dhabi Airports Company (ADAC), and Premier Inn, the UK’s hotel brand and the pioneering value for money hotel operator, mutually announced the ground breaking of a Premier Inn Hotel at Abu Dhabi International Airport.

Cyber Gear Forms Strategic Partnership With VoiceMpower To Provide CT And CRM Solutions Across MENA Region
According to Sharad Agarwal, CEO of Cyber Gear, "The strategic partnership with VoiceMpower offers a range of complementary solutions in the fields of Computer Telephony (CT) and CRM and Contact Center Solutions, to enhance the company’s propositions in the MENA region."

Etihad Airways And Hala Abu Dhabi Offer Packages For Madonna Concert Goers
Hala Abu Dhabi, Etihad Airways’ destination management company (halaabudhabi.com), has teamed up with Flash Entertainment to offer a variety of packages, available for pre-registration from February 15 and for sale from February 27, when tickets will go on sale to the general public.

Tawazun To Highlight Abu Dhabi’s Rise As Center Of Manufacturing Excellence At ISNR Abu Dhabi 2012
A study by the Homeland Security Research Corporation has approximated global HLS outlay to expand at a compound annual growth rate (CAGR) of 5.5 per cent from USD 68 billion in 2008 to USD 295 billion in 2018.

Broadway Malyan’s Yas Island Masterplan Approved
The master plan for a new 680 hectare waterfront community of up to 55,000 inhabitants on Yas Island, Abu Dhabi, led by global architecture, urbanism and design practice Broadway Malyan for client Aldar PJSC, has been approved by the Abu Dhabi Urban Planning Council.

Aldar Reports Full Year Financial Results For 2011
The Company has also written down the value of certain assets in line with prevailing market values and upon further business reviews undertaken over the course of the year. Accordingly, appropriate impairments, provisions and fair value losses of AED 3,030.3 million were recognised during the year.

ADNH Posts Total Operation Revenues Of AED 1, 819 Million In 2011
Abu Dhabi National Hotels PJSC, today announced its financial results for the year ending 31st December 2011. For 2011, total group revenue increased by 4% to AED 1,819 million while gross profits increased by 18% to close at AED 356 million.

ADNEC Unveils ICC Abu Dhabi
The ICC at Abu Dhabi National Exhibition Centre (ADNEC), which rebrands its Abu Dhabi Hall, is expected to boost the UAE capital’s positioning as a destination for large-scale international conventions and association events.

NBAD Upgrades Premium Banking Service
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has upgraded its premium banking service, NBAD Elite.

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