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ABU DHABI NEWS

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New Asset Management Executive Director for Sorouh Real Estate
Sutton Turner joins the company as Executive Director, responsible for Asset and Property Management Services for Sorouh’s AED 45 billion in properties under development.

Al Bandar Scaling To New Heights
Tenants of Al Bandar, the tranquil waterfront precinct in Al Raha Beach, can expect to move into their units starting from the fourth quarter of 2009.

Abu Dhabi Do!
Visitors to Abu Dhabi International Airport this week will be forgiven for thinking they have stepped back in time or onto the set of the latest Spielberg blockbuster or an episode of The Flintstones.

Etihad To Launch Flights To Kazakhstan In December
Etihad Airways will launch flights on 2 December to Almaty in Kazakhstan from its Abu Dhabi home base.

First Gulf Bank Issues AED3.6 Billion Mandatory Convertible Bonds
Maturity date for the bonds is July 2011, and the interest rate to be paid to the bond holders before conversion into shares is 3 months EIBOR + 1%, while the conversion rate has been calculated at AED28.80.

Abu Dhabi Systems & Information Committee (ADSIC) organises 2nd Abu Dhabi e-Government Forum
Abu Dhabi Systems & Information Committee (ADSIC) held today, the second forum of Abu Dhabi e-government programme under the slogan "Towards Achieving a Service-Oriented Government" at Beach Rotana Hotel, Abu Dhabi

GE And Mubadala Launch Multi-Billion Dollar Global Business Partnership
GE and Mubadala Development Company,today announced a framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning.

Etihad Wins Major Global Aviation Award
Etihad Airways has been voted the airline with the "best marketing strategy" at this year’s Airline Business awards, receiving critical acclaim for its strong brand identity and the innovative sponsorship programmes with its sporting and cultural partners across the world.

TAQA Joins United Nations Global Compact
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), today announced that it has joined the United Nations Global Compact (Compact), the world’s largest voluntary corporate responsibility initiative.

First Gulf Bank Issues Aed3.6 Billion Mandatory Convertible Bonds
Following the Board of Directors meeting held today, First Gulf Bank (FGB) announced the issuance of mandatory convertible bonds worth AED3.6 billion to UAE institutional strategic partners.

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