Middle-east Arab News Opinion | Asharq Al-awsat

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A Kurdish peshmerga fighter stands guard as new equipment arrives at Kalak refinery on the outskirts of Erbil, Iraq, on Monday, July 14, 2014. (AP Photo)

Abu Dhabi’s TAQA suspends activity in Kurdistan block due to instability: statement

by Asharq Al-Awsat | Aug 9, 2014 | Business

Dubai, Reuters—Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, has suspended its activity at the Atrush Block in Kurdistan due to the instability in the region, a company statement said on Saturday. “As a result of recent...

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File photo of an oil refinery. (Reuters/Bret Hartman/Files)

Asian, Western firms bid for UAE oilfields: sources

by Asharq Al-Awsat | Jul 22, 2014 | Business

Abu Dhabi, Reuters—Asian and Western firms have bid to help operate the United Arab Emirates’ (UAE) biggest oilfields after a deal with oil majors expired this year, but the Gulf Arab state is yet to decide whether to let Asian oil buyers in for the long haul,...

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An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange on June 25, 2014. (Reuters/Stringer)

UAE bourses merger shelved as terms not agreed—sources

by Asharq Al-Awsat | Jul 11, 2014 | Business

Abu Dhabi, Reuters—A planned merger of the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday. Having...

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A picture taken on March 13, 2013 shows the logo on the wall of the Etihad Airways Headquarters in Abu Dhabi on March 13, 2014. (AFP PHOTO/KARIM SAHIB)

Etihad Airways H1 revenues up 28 pct on passenger, cargo growth

by Asharq Al-Awsat | Jul 8, 2014 | Business

Abu Dhabi, Reuters—Abu Dhabi’s state-owned Etihad Airways, which plans to buy a 49 percent stake in Alitalia, reported on Tuesday a 28 percent jump in first-half revenues, helped by growth in passenger and cargo volumes. The carrier earned revenues of 3.2...

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A file photo taken on March 13, 2013 shows the logo on the wall of the Etihad Airways headquarters in Abu Dhabi, UAE. (AFP Photo/Karim Sahib)

Etihad says agreed principal terms to buy 49 percent of Alitalia

by Asharq Al-Awsat | Jun 25, 2014 | Business

Abu Dhabi, Reuters—Abu Dhabi’s state-owned Etihad Airways said on Wednesday it had agreed principal terms and conditions to buy a 49-percent stake in Alitalia in a last-ditch attempt to save the loss-making Italian carrier. Italy’s flagship airline has...