Tag Archives: Abu Dhabi

Theme Parks Big Business in Middle East

Abu Dhabi seems to be in love with theme parks, and it looks like the feeling is mutual. Just last year two major theme parks opened their gates to adoring fans, and many more are planning to join in the fun. If all goes as planned, Sea World should have an outlet up and running… Continue Reading

TRI Hospitality Survey Reveals Dubai Hotels Doing Well

TRI Hospitality Consulting conducted a HotStats survey which showed that UAE hotels had excellent improvement in performance in all the relevant indicators in January of 2012. The strong performance was partly attributed to increased tourism for the Dubai Shopping Festival. According to the survey Dubai hotels outperformed the other MENA markets by a wide margin.… Continue Reading

Abu Dhabi Hotels Do Great November Business

According to data released by the Abu Dhabi Tourism Authority (ADTA), hotels and hotel apartments had a record high number of guests in the month of November. Fueling the rise in hotel stays was the third Formula One Etihad Airways Abu Dhabi Grand Prix. Guests Going Up The rise to 206,748 guests for the month… Continue Reading

Adnoc Distribution Setting Up Natural Gas Grids in Abu Dhabi

An executive for the state-run Abu Dhabi National Oil Company for Distribution (ADNOC) announced that his company is creating a natural gas grid in several residential areas in the emirate of Abu Dhabi. The company, which is popularly known as Adnoc Distribution, is concentrating its efforts at the moment on servicing the residential sector, but… Continue Reading

UAE Introducing New Dh500 Paper Currency

The Central Bank of the United Arab Emirates announced that Abu Dhabi will soon be placing into circulation a new Dh500 banknote. The amended banknote will be reprinted with updated security features. New Banknote Will Be Circulated November 29 “This currency note will be put in circulation as legal tender along with currency notes currently… Continue Reading

Mike Grant Appointed Chief Restructuring Officer for the Al Jaber Group

The privately owned Al Jaber Group, and Abu Dhabi-based civil and electro-mechanical engineering contractor, announced the appointment of Mike Grant to be their new chief restructuring officer. Mike Grant will be leading the company’s latest move to further along their debt reorganization, according to spokesmen for the company. Grant is a veteran of restructuring at… Continue Reading

Giordano Middle East Expanding in Abu Dhabi

The Mushrif Shopping Mall in Abu Dhabi is soon to be home to the 200th shop of Giordano Middle East. The goal for Giordano, one of the world’s leading clothing retailers, is to operate 250 stores in the region by the year 2015.  Giordano has had a presence in the Middle East for 18 years… Continue Reading

UAE and South Korea Strengthening Economic Ties

Abdullah Khalfan Al Rumaithi, the United Arab Emirates Ambassador to South Korea said in an interview that the UAE is eager to enlarge and strengthen its partnership with South Korea, especially in the areas of renewable energy, oil, training, education, construction, shipbuilding, semiconductors, information technology and telecommunications. Two Leaders Meet Progress in the economic and… Continue Reading

$5.4 billion will be invested to increase control of the Microchip market

An Abu Dhabi owned microchip producer, Globalfoundries will increase its spending in 2011 to $5.4 billion in an attempt to become the largest microchip producer in the market. Globalfoundries is controlled by an Abu Dhabi Government-owned investment firm called Advanced Technology Investment Company (ATIC). Advanced Technology Investment Company owns 86 percent of Globalfoundries’ shares. Globalfoundries… Continue Reading