Abu Dhabi

Rolls-Royce ties up withMubadalain UAE

Luxury automaker and aerospace manufacturer, Rolls-Royce has entered into an agreement with Mubadala Development Company for setting up a new Approved Maintenance Centre (AMC) inAbu Dhabi.

The two sides also confirmed plans for setting up a new manufacturing facility for producing aero engine components in the country. The Mubadala Development Company, which is an investment and development organisation based in Abu Dhabi, is aiming to create a state of the art aerospace help in partnership with the company.

Leading Abu Dhabi banks to merge to create new giant

Two leading Abu Dhabi banks, National Bank of Abu Dhabi and First Gulf Bankare planning to merger in order to create a financial giant in the region.

The proposed merger will create the largest bank in the Middle East and North Africa region with AED 642 billion or $175 billion of assets and a combined market capitalisation of approximately AED 106.9 billion or around $29.1 billion. The new entity will be a financial powerhouse and will advance the UAE's position in the global financial market.

Abu Dhabi Education Council dismissed 340 teachers

The Abu Dhabi Education Council (Adec) has announced that it has dismissed as many as 340 teachers from state schools.

The school regulator said that the dismissed teachers made up around 3 per cent of the the total teaching staff in 255 schools. The regulator said that 272 of those teachers were dismissed "due to changes in the school curriculum as per the New School Model" and were no longer required to teach in their areas of speciality. The other 71 teachers were dismissed due to failure to meet performance standards.

Abu Dhabi to allow driverless hover-jetsabove Yas Island roads

The government of the United Arab Emirates (UAE) has said that it is allowing driverless hover-jets above Yas Island roads to ferry passengers using the new state of the art technology.

Abu Dhabi’s private hospitals record improvements

Experts have said that the healthcare infrastructure in the United Arab Emirates have been improving recent years and private hospitals in the capital, Abu Dhabi like the Burjeel Hospital are driving this growth with new equipment and international talent.

Burjeel Hospital began its operations in 2012 and has since emerged as Abu Dhabi's largest private tertiary hospital. Clancey Po, the chief executive at Burjeel Hospital, said that improving medical facilities means that there is less likelihood of UAE residents travelling abroad for treatment.

National Bank of Abu Dhabi and First Gulf Bank in talks for a merger

National Bank of Abu Dhabi and First Gulf Bank, both based in Abu Dhabi, have confirmed that they are holding discussions for a possible merger that would create one of the largest banks in the Middle East and Africa.