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ABU DHABI NEWS

Local Time - 3:23:59 PM :
Page 2035 of 2100

President issues three decrees restructuring Abu Dhabi Executive Council
President HH Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as the Ruler of Abu Dhabi, has issued three Emiri decrees restructuring the Executive Council of the Emirate of Abu Dhabi

Phase I Of Bawabat Al Sharq Moves Full Steam Ahead
• Over 15% of Phase I complete; 90% units sold and leased • Baniyas Investment and Development Company planning to finish project before schedule

Daily Seminar on Real Estate at IREIS 2009 Show
A daily seminar on the real estate sector will be organized during the upcoming IREIS 2009 real estate and investment show due to be held in Abu Dhabi in January

First Gulf Bank Inks Finance Deal With Mubadala
FGB will act as the mandated lead arranger providing 25% of the total project value, as well as the Onshore Security Agent and the Onshore Accounts Bank.

Abu Dhabi International Airport Receives First Advanced Airport Classification In Middle East Region
The newly operational second runway is planned to be CAT III B approach rated in 2009. Today’s announcement reflects the upgrading of the airport’s original runway which can now be utilized when visibility falls below 200m.

Abu Dhabi International Airport receives first advanced airport classification in Middle East region
Widely expected to help reduce delays associated with weather conditions, such as heavy fog, the new classification puts Abu Dhabi International Airport up among a select number of airports in the world.

‘Hydra Executives’ Season 1 To Debut On January 7th
The 16 contenders will engage in a cunning battle of wits and strategy, in a quest to take home the top prize comprising of a funded business venture worth up to USD 1 million.

ETIHAD Airways - Record Passenger Growth Tops Impressive Year
Etihad launched six new routes in 2008 – Beijing, Minsk, Almaty, Kozhikode, Chennai and Moscow – as well as signing a record order of USD $43 billion at the Farnborough International Airshow for up to 205 Airbus and Boeing aircraft.

First Gulf Bank Caps Foreign Ownership Percentage
According to FGB’s Memorandum and Articles of Association, Article (8): the Board of Directors are authorized to increase or decrease this percentage as they may deem appropriate.

ADTA To Increase Overseas Promotions In 2009
"The new exhibition additions reflect our commitment to the lucrative and expanding Chinese market, which is currently achieving outbound MICE business in excess of 10 billion Euros a year, according to the MICE China survey.

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