EghtesadOnline: Abu Dhabi Islamic Bank PJSC, which bought Barclays Plc’s retail business in the United Arab Emirates, has cut more than 200 jobs over the past three months, according to three people with knowledge of the reductions.
EghtesadOnline: Abu Dhabi National Oil Co. will combine two offshore oil and natural gas ventures operated with partners including BP Plc and ExxonMobil Corp., as the U.A.E. producer takes measures to cope with the drop in oil prices over the past two years.
EghtesadOnline: Abu Dhabi-based Tasameem Real Estate LLC has replaced former Chief Executive Officer Hasan Ismaik as the second-biggest stakeholder of Arabtec Holding Co.
EghtesadOnline: Two companies offered to build the cheapest solar power plant on record in Abu Dhabi, reflecting declining costs for photovoltaic cells and cheaper financing for clean-energy projects.
EghtesadOnline: Abu Dhabi Future Energy Co., known as Masdar, is seeking to form international ventures to build water-desalination plants powered by renewables across the globe as early as 2018, a company official said.
EghtesadOnline: Abu Dhabi, home to 6 percent of the world’s oil reserves, plans to merge two of its largest sovereign investment funds to form an asset pool more than twice the size of Russia’s Reserve Fund and with stakes ranging from pipelines and chemicals to microchips and music.