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Abu Dhabi agrees to buy 16.8 Billion dirhams of Aldar assets

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.

Hamilton wins Abu Dhabi F1 Grand Prix

Hamilton wins Abu Dhabi F1 Grand Prix

Lewis Hamilton of Great Britain completed McLaren’s dominance during the weekend by cruising to victory in the Formula One Etihad Airways Abu Dhabi Grand Prix at Yas Marina Circuit on Sunday. Australian Webber clocked the fastest lap of one minute 42.612 seconds on lap 51. Hamilton’s best effort came in the 51st lap when he clocked 1:43.914.

F1: Schumacher mulls future at Mercedes

F1: Schumacher mulls future at Mercedes

Formula One legend Michael Schumacher has denied that he was in talks with Mercedes to extend his contract beyond next season on a day when team mate Nico Rosberg committed his future to the German team.

Yas Circuit dishes out racy dates for Ramadan

Yas Circuit dishes out racy dates for Ramadan

By Hannah-Farah Abdulla  www.constructionweekonline.com
As part of its corpoorate social responsibility (CSR)  promise, Yas Marina Circuit is preparing to harvest dates growing on palm trees around the area, and distribute them to local mosques for Ramadhan.
CSR awareness is on the rise in the Middle East, with more and more companies demonstrating an eagerness to be recognised [...]

Yas 10 km run: Sibling rivalry

Yas 10 km run: Sibling rivalry

The ADNIC Yas Run, the first 10km running event to be held at Yas Marina Circuit, may still be a few months away, but it has already sparked a friendly exchange of banter between Khadeejah Sani and her younger brother Mohammad.

BBC takes flag for capital GP coverage

BBC takes flag for capital GP coverage

The BBC has won an award for its coverage of last year’s Formula One Abu Dhabi Grand Prix at the Yas Marina Circuit. The BBC Sport production team was yesterday awarded a British Academy of Film and Television Arts (Bafta) award for the sport’s title decider last November.

Few tickets left for Grand Prix

Few tickets left for Grand Prix

Tickets for November’s Formula 1 Etihad Airways Abu Dhabi Grand Prix have been sold ahead of target by four weeks after going on sale, holding out the possibility of another sell-out event. “We’re delighted with the way ticket sales are going,” said Richard Cregan

Abu Dhabi Grand Prix Ticket Sales Top 50% Mark

Abu Dhabi Grand Prix Ticket Sales Top 50% Mark

More than half the tickets for November’s Formula 1TM Etihad Airways Abu Dhabi Grand Prix have been sold within four weeks of going on sale – ahead of target and holding out the possibility of another sell-out event.