http://www.zawya.com/middle-east/financial-markets/abu-dhabi/en-usCopyright 2012 Zawya Ltd. All rights reserved.Mon, 13 Feb 2012 03:18:00 GMT1314476http://www.zawya.com/middle-east/financial-markets/abu-dhabi/http://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20120214031804/Adib_profit_up_on_lower_provisionsAbu Dhabi Islamic Bank (Adib) on Monday said its net profit rose 17.3 per cent to Dh1.425 billion last year as compared to Dh1.214 billion in 2010 after it booked lower provisions.Tue, 14 Feb 2012 06:14:44 GMTEmirates 24|7 ZAWYA20120214031804Openhttp://www.zawya.com/story.cfm/sidpdf_130212075730/OAB_Al_Arabi_GCC_Virtual_Portfolio_13Feb12This is a PDF report. Mon, 13 Feb 2012 07:55:00 GMTOman Arab Bank SAOC pdf_130212075730Subscriptionhttp://www.zawya.com/story.cfm/sidpdf_130212070044/Markaz_Greenish_Beginning_to_the_Year__UAE_and_Saudi_lead_GCC_gains_Feb12This is a PDF report. Mon, 13 Feb 2012 06:57:00 GMTKuwait Financial Centre pdf_130212070044Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20120212142745/SME_ranking_can_be_pipeline_for_secondary_listing_market_for_small_firms_in_DubaiDubai may be looking more seriously at setting up a stock market to list small companies, as it prepares to create a pipeline of such listings.Mon, 13 Feb 2012 04:22:06 GMTZawya ZAWYA20120212142745Openhttp://www.zawya.com/story.cfm/sidpdf_120212110240/GIC_2012_Outlook__GCC_Markets_Feb2012This is a PDF report. Sun, 12 Feb 2012 10:43:00 GMTGulf Investment Corporation pdf_120212110240Subscriptionhttp://www.zawya.com/story.cfm/sidpdf_100212121118/BMI_UAE_Tourism_Report_Jan12The tourism sector in the UAE looks set to record another good year in 2011, after a strong recovery in the previous year. In the period January-September 2011, Dubai hotels played host to 6.64mn guests (including UAE residents), an increase of 11% compared with the first three quarters of 2010. This is a slight moderation in growth though since Q111, when the number of guests rose a solid 14% year-on-year (y-o-y). In Abu Dhabi, during the first eight months of 2011 data show a good 13% y-o-y increase in tourists (including UAE arrivals) at hotels and hotel apartments (despite a fall in arrivals y-o-y in August), to over 1.3mn guests. Arrivals from Europe were up a marked 19% y-o-y, buoyed by a 24% increase in visitors from France, and growth of 18% and 17% in arrivals from the UK and Germany respectively. There was also a surge in arrivals from the Gulf Cooperation Council (GCC), up by 25% y-o-y, and Asia (+23%). Of the GCC countries, substantial growth was recorded in visitors from Saudi Arabia (+56%) and Kuwait (+32%). In Sharjah, latest figures for the first nine months of 2011 show tourist arrivals (including UAE nationals) at hotels and hotel apartments reached over 1.1mn. Based on BMI estimates, this equates to a modest increase of just under 2% y-o-y.HospitalityIn 2011, there was impressive growth in the hospitality sector. Between January and September there was a 26% y-o-y increase in the number of guest nights at Dubai hotels, to about 23.7mn. The average length of stay rose noticeably, by 14% y-o-y, while occupancy levels of hotels and hotel apartments also increased favourably, to 72% and 74% respectively. Hotel and hotel apartment revenue rose a solid 19% y-o-y, to nearly AED11bn. In January-August 2011, in Abu Dhabi, total guest nights increased 25% y-oy, to over 4mn nights. Occupancy levels were up by 9% y-o-y to 67%, while the average length of stay rose by 12% to around three nights. Growth in domestic tourism was more muted, with a 6% y-o-y Fri, 10 Feb 2012 12:03:00 GMTBusiness Monitor International Limited pdf_100212121118Subscriptionhttp://www.zawya.com/story.cfm/sidpdf_100212110339/BMI_United_Arab_Emirates_Oil__Gas_Report_Nov11BMI View Enhanced oil recovery (EOR) schemes and investments from both IOCs and NOCs underscore our bullish view of the UAE?s oil sector. The country will also remain a key player in the region?s gas market, sustaining its role as a dual importer and exporter of natural gas. The opening of the ADCOP pipeline builds redundancy into the UAE?s oil export pipeline system, in the event of conflict affecting the Straits of Hormuz.We highlight the following trends and developments in the UAE?s oil and gas sector:- BMI sees proven oil reserves declining from 96.8bn barrels (bbl) in 2011 to just over 91bn bbl by 2016, with gas reserves also falling from 6trn cubic metres (tcm) to around 5.8tcm over the same period.- We see oil production rising to over 3.2mn b/d by 2016 and nearly 3.5mn b/d by 2021, supported by re-development of mature fields, the deployment of enhanced oil recovery (EOR) and investment from international oil companies (IOCs) and national oil companies (NOCs).- Gas production will receive a big mid-decade boost from the start-up of the Shah sour gas project. By 2016, we see output of around 66bcm, rising to 74bcm by 2021. - The UAE will continue to export modest volumes of liquefied natural gas (LNG) while importing pipeline gas via Dolphin from Qatar. We have not factored a volume rise for either flow into our forecasts.- The liberalisation of fuel prices is unlikely in the short term, owing to government largesse following political unrest across the Middle East and North Africa (MENA) region in 2011. Fuels distribution in the UAE will, therefore, continue to be a loss-making proposition. The UAE?s dependence on oil prices leads to high volatility in the country?s export revenues. Our assumptions of slower growth in China, a faltering recovery in the US and a worsening eurozone debt crisis, clearly pose a threat to global oil demand. We assume OPEC basket oil prices will fall from US$101.90 per barrel (bbl) in 2011 to US$99.38/bbl in 2012, thus creatiFri, 10 Feb 2012 10:41:00 GMTBusiness Monitor International Limited pdf_100212110339Subscriptionhttp://www.zawya.com/story.cfm/sidANA20120209T072754ZHRT44/Etihad_Airways_in_black_in_2011_firstever_net_profit Abu Dhabi-based Etihad Airways on Thursday posted a net profit of $14 million for 2011, exceeding its goal of breaking even for the first time ever, a statement said.Thu, 09 Feb 2012 08:54:03 GMTAFP ANA20120209T072754ZHRT44Openhttp://www.zawya.com/story.cfm/sidGN_08022012_090218/Dubai_SMEs_will_receive_funds_from_Abu_Dhabi_bankAbu Dhabi?s biggest bank will offer financial facilities of up to $100 million (Dh367.3 million) to Dubai small and medium enterprises (SMEs), a move that is expected to benefit 1,000 companies in the emirate, the Dubai Chamber of Commerce and Industry announced. Thu, 09 Feb 2012 07:20:22 GMTGulf News GN_08022012_090218Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208040727/UNB_profit_jumps_11Abu Dhabi's Union National Bank has reported a rise of 11 per cent in its consolidated profit to Dh1.5 billion, in the full year 2011, which its chief executive officer dubbed as an "extremely challenging" year. Wed, 08 Feb 2012 08:24:23 GMTKhaleej Times ZAWYA20120208040727Openhttp://www.zawya.com/story.cfm/sidGN_07022012_080262/UNB_net_profit_rises_11_to_Dh15b_in_2011Union National Bank (UNB) yesterday reported a full-year net profit of Dh1.5 billion, up 11 per cent compared to Dh1.35 billion in 2010.Wed, 08 Feb 2012 06:05:49 GMTGulf News GN_07022012_080262Open