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Dubai Gold Trade Hurt By New Indian Import Tariffs

The Indian government has hiked the duty on gold bullion imports three times this year to a record 10 per cent

UAE’s Abraaj Exits Investment In Filipino Hospital

Abraaj’s exit in Daniel O. Mercado Centre was executed through a buy-back arrangement with the Mercado family.

Gold Drops On Fresh Stimulus Fears

Spot gold was down 0.3 per cent to $1,321.56 an ounce, after a near three per cent drop on Friday.

Etihad Airways Plans Major India Expansion

The Abu Dhabi-based airline plans to introduce more flights, more seats and new routes to India.

National Bank of Fujairah Launches Subsidiary In Hong Kong

NBF’s new entity will help facilitate expanding cross border flows between the UAE and China.

Cebu Pacific Air Gears Up For Dubai Launch

Low-cost airline has taken delivery of its second A330 which will be deployed on the the carrier’s first long-haul flight to Dubai from October

India Approves Deal To Increase Airline Seats To UAE

The agreement allows the nations to add 50,000 additional seats per week for the next three years.

Qatar Airways Starts Chengdu Flights

The Chinese city’s large industrial development zone is likely to funnel in corporate travellers

UAE’s Etihad Sees Clearance For Jet Deal, Extends Deadline

Etihad agreed to pay $379 million for a 24 per cent stake in Jet in April.

Qantas Posts Annual Profit As International Losses Shrink

The Australian airline formed an alliance with Dubai’s Emirates Airline this year.

Emirates To Be First Gulf Carrier To Serve Taipei

Emirates will be keen to connect passengers across its global network, particularly in Europe and Africa.

HSBC Launches Chinese Currency Investment Options

China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.

Abu Dhabi’s Mubadala Unit To Develop Oil Field In Thailand

Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day.

Emirates, Qantas Boost New Zealand Services

Qantas will operate a new Auckland-Perth service from early December through to February 1, 2014.

UAE’s Abraaj and UK’s CDC Invest $17.5m In India’s Rainbow Hospitals

Rainbow Hospitals, a specialised maternity and paediatric healthcare chain, is based in Hyderabad, India.

China Completes Construction On World’s Second Tallest Tower

Shanghai Tower will reach up to 632 metres high, around 200 metres shorter than Dubai’s Burj Khalifa.

Etihad Says Jet Deal Deadline Extended Until Aug End

The Abu Dhabi carrier is awaiting Indian regulatory approval to acquire a $379 million stake in Jet Airways.

Jet Wins Key Approval For Etihad Deal, With Conditions

India’s foreign investment regulator gave conditional approval to the $379 million deal.

China’s Sky City Not An Immediate Threat To Burj Khalifa

Sky City, China’s most ambitious development, has faced criticism over its nine-month deadline.

UAE’s ADNOC, ADGAS Offer Rare Spot Cargoes

The offer came just days after ADGAS, partly owned by ADNOC, offered 25,000 tonnes of naphtha for loading from Das Island.

QE2 To Become Luxury Hotel In Asia

Dubai World’s investment arm Istithmar bought the vessel from Cunard for $100 million back in 2007.

India’s BSE Launches Futures Trading On Dubai Bourse

Under an agreement with Indian bourse BSE derivatives exchange DGCX started trading futures for the S&P BSE SENSEX.

Dubai’s ENOC ‘Investigating’ Sri Lanka Diesel Cargo Quality

Sri Lanka returned a 40,000-tonnes diesel cargo shipment from ENOC on Thursday saying it was “not up to the required specifications”.

Rolls-Royce “Clearly Fell Short” With Qantas Engine Failure

ATSB report found oil leak led to a fire in the Trent 900 engine, which caused the break-up of a turbine disc and aircraft damage

World’s Largest Construction Firm To Invest In $1bn Dubai Hotel

China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.

Abu Dhabi’s Masdar Launches Wind Farm In Seychelles

The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.

Saudi Arabia To Sell More Crude To India In July

Two refiners in India have asked for additional cargoes to make up for a loss of supplies from Iran, say sources.

India’s Bharti Airtel Shareholders Approve Qatar Stake Sale

The deal marks Qatar’s first major investment in a listed Indian company.

India’s L&T Wins $300m Gas Project In Saudi Arabia

L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.

India says Emaar JV Violated Rules In $1.5bn Investments

Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.