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Etihad To Increase Services To Erbil (13 July 2011)
Etihad Airways, the national airline of the United Arab Emirates, will double its flights from Abu Dhabi to Erbil at the beginning of September.

First Gulf Bank scores 13% growth in Q2 with Net Profit of AED 890 Mn (13 July 2011)
First Gulf Bank PJSC, (FGB), the leading financial partner of choice in the UAE, posts a net profit of AED 890 million in the second quarter (Q2) of 2011.

Masdar Capital’s Two Funds Manage Global Assets Worth Over US$540 Million (13 July 2011)
Currently, Masdar Capital’s two major investment vehicles - Masdar Clean Tech Fund (I) and DB Masdar Clean Tech Fund (II) - together have US$540 million under management.

Mexico’s Deputy Minister Of Energy Visits Masdar Institute (13 July 2011)
Dr. Fred Moavenzadeh, President, Masdar Institute of Science and Technology welcomed HE Sergio Alcocer and familiarized him with the MI campus through a site tour that included a visit to key energy management facilities.

National Election Committee Launches Awareness Programme For Electoral College Members (13 July 2011)
The National Election Committee (NEC) has launched awareness sessions for the Electoral College members in preparation for the Federal National Council (FNC) elections, scheduled for September 24, 2011.

Record H1 For Etihad As 28 Per Cent Increase In Revenues Contributes To Positive EBITDAR (13 July 2011)
Etihad Airways today reported its most successful first half year, with revenues up 28 per cent to US$ 1,720 million (H1 2010: US$ 1,342 million), driven by solid performances in both passenger and cargo activities.

Sharjah City Centre Welcomes New Stores, Including World’s Largest Specialty Toy Retailer, Toys "R" Us (13 July 2011)
Tchibo, a renowned German department store chain now located at the ground floor’s City Gate entrance, is the first for both the Emirate of Sharjah and Sharjah City Centre.

UAE’s NBAD Issues YPY10 Billion Samurai Bond (13 July 2011)
The National Bank of Abu Dhabi, the Number One Bank in the UAE, has issued its inaugural yen-denominated samurai bond, the first ever by a Middle Eastern financial institution.

Abu Dhabi Finance Wins Banker Middle East Accolade (12 July 2011)
Abu Dhabi Finance last week scooped the Banker Middle East’s ’Best use of Technology’ award in the wake of its innovative technology initiative, which has already saved the mortgage company more than 400 days of manpower.

Bank Of Sharjah Mandates A Group Of Banks For A Syndicated Loan Deal (12 July 2011)
This statement is in relation to the news that appeared in some local newspapers dated July 11, 2011, which quoted a misleading report in the magazine Middle East Economic Digest (MEED).


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