VENTURE CAPITAL POST

NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.

A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital.

Upon appointment of the Dubai ruler, the Dubai Financial Market has a new chairman in Essa Kazim.

A loan with lower interest rate is what Abu Dhabi's Tourism Development and Investment Co is seeking for the completion of its project in the United Arab Emirates.

Abu Dhabi based airline Etihad purchased Virgin Australia shares on the Australian bourse as a means to increase its shareholdings in the Australian airline.

The Tourism Development & Investment Co was reportedly talking with various banks for a USD 1 billion loan facility to replace its existing debt, according to bankers interviewed by Bloomberg.

The merger of Etihad Airways and Jet Airways passed finance regulatory authority review and now would go to the antitrust regulatory authority.

In a move to revitalize the UAE financial market, the Dubai and Abu Dhabi regulatory authorities are exploring ways to merge their bourses.

The executive council had earmarked funds for construction of hospitals and roads in Abu Dhabi.

The Municipality of Abu Dhabi launched a new project and sought for investors in its planned installation and operation of street retail kiosks.

ADNOC announced that they are halfway through their US$40 billion investment plan.

The region of Abu Dhabi will establish a presence of a major, global studio for the first time, with Digital Domain Media Group planning to have a studio of animation, visual effects and motion capture and a media school.