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Abu Dhabi agrees to buy 16.8 Billion dirhams of Aldar assets
The Abu Dhabi government agreed to buy assets valued at 16.8 billion dirhams ($4.57 billion) from Aldar Properties PJSC, the emirate’s biggest developer, to boost the company’s finances. The government will purchase 760 residential units in the Al Raha Beach development and retire 5 billion dirhams of debt related to infrastructure on Yas Island, Aldar said in a statement today.
Viceroy Hotel Group selected as operator of Yas Hotel in Abu Dhabi
Viceroy Hotel Group has been selected as operator of the Yas Hotel on Yas Island in Abu Dhabi, the Emirate’s leading leisure and entertainment destination. The hotel, owned by Aldar Properties, Abu Dhabi’s leading property development, investment and management company, will officially transition to Viceroy management immediately.
IKEA sees bright future
IKEA UAE, which operates two outlets in Dubai Festival City and Yas Island, may have another flagship store in Dubai to cater the demands of southern part of the emirate. The new store will be equal to the size of Yas Island outlet and is expected to open by the end of 2013.
Mazaya Qatar CEO participates in panel discussion at Arab Investment Summit 2011
Mazaya Qatar Real Estate Development Company (QSC) has wrapped up its participation in the Arab Investment Summit 2011, which drew to a close on Tuesday at the Yas Island Rotana and Centro on Abu Dhabi’s Yas Island.
Moving Abu Dhabi Ikea from Marina Mall to Yas Island
James McGowan is the store manager of Ikea on Yas Island where he works for Al Futtaim, the furniture store’s retail partner in the UAE. He talks about packing up at Marina Mall and moving out.
Etihad Airways and GCAA hold seminar on Mental Health amongst Aviators
Etihad Airways, and the General Civil Aviation Authority (GCAA), organized a seminar entitled Mental Health Amongst Aviators – Emphasis on Alcohol and Drugs at Yas Island, Abu Dhabi. On the day’s agenda, studies specifically relating to the influence alcohol and drugs have on performance – especially regarding the effects they have on flying an aircraft – were discussed in depth by specialists in their respective fields.
Aldar to showcase Abu Dhabi’s Yas Island at Arabian Travel Market
Aldar, Abu Dhabi’s real estate development and management company, is set to bring Yas Island, Abu Dhabi’s major destination for business and leisure travellers to Arabian Travel Market, the leading travel exhibition for the Middle East region that starts tomorrow in Dubai.
UAE TRA participates in Samena Beyond Connectivity 2011 conference
The Telecommunications Regulatory Authority (TRA) participated in the Samena “Beyond Connectivity 2011″ conference. H.E. Mohamed Nasser Al Ghanim, TRA Director General delivered a speech, as the Honorary Guest Speaker, for the opening ceremony on April 25. The event was held in the Yas hotel, Abu Dhabi from April 25 till 27.
