CI Ratings has assigned a Financial Strength Rating (FSR) of ‘A+’ to First Abu Dhabi Bank (FAB), the same rating of its predecessor National Bank of Abu Dhabi.
Senaat, one of the largest industrial investment holding companies in the UAE, announced financial results for the fiscal year ended 31 December 2016.
Mubadala Investment Company has agreed to sell a 40% stake in National Central Cooling Company (Tabreed) to Engie, a worldwide energy leader.
KBBO Group, an Abu Dhabi-based investment firm, has appointed Yazen Abu Gulal as Chief Executive Officer and Sunil Singh as Chief Financial Officer.
Siemens has appointed Alexander Biron von Curland as Senior Executive Vice President of the company’s Mobility division in the Middle East, effective May 1 2017.
Etihad Aviation Group has appointed Ray Gammell as interim Group CEO, and confirmed that James Hogan, current President and Group CEO, will leave the company on 1 July 2017.
Strata Manufacturing, the advanced composite aero-structures manufacturing facility owned by Mubadala Investment Co., has appointed Ismail Abdulla as CEO
Etihad Aviation Group has announced the appointment of Gavin Halliday as Managing Director of Hala Group, its destination management unit.
Al Qudra Holding, an Abu Dhabi-based real estate and investment company, agreed to buy Al Rayan Investment Company for more than AED 1 billion in stock.