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Abu Dhabi Fund ADIA Turning To Emerging Markets

The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.

Qatar National Bank To Start India Operations

The state-owned lender expects to begin operations in the third quarter under the name of QNB India Private Limited.

Aramco Awards Midyan Gas Project To India’s L&T

The project, estimated to be worth less than $300 million, is due to come online in mid-2016.

Struggling Singapore Airlines Fights Back Against Gulf

With a market value of $11 billion, Asia’s second biggest airline desperately needs growth. Profit slumped nearly 70 per cent in the year to March 2012.

Thailand Woos Middle East Honeymooners

The Southeast Asian nation hopes to see a five per cent annual growth in Middle East travellers.

Emirates-Qantas Deal Not A “Reaction” To Competition – Clark

Emirates president Tim Clark said the airlines were not influenced by Etihad’s partnership with Virgin Australia.

SriLankan Airlines Posts 26% Rise In ME Passengers

The national airline carried a total of 463,999 passengers in the last year.

Qatar Buys Stake In India’s Bharti Airtel For $1.3bn

The deal is being channelled through Qatar Foundation Endowment.

Many In Muslim World Want Sharia As Law Of Land

Study finds over three-quarters of Muslims in MENA and South Asia want sharia courts to decide family law issues such as divorce and property disputes.

Japan Signs Nuclear Technology Deal With UAE, Wants More Oil

Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.

AFC Elects Sheik Salman President

Sheikh Salman secured 33 of the 46 presidential votes available from AFC member associations in Malaysia.

Only 10% Of UAE Indians Have Adequate Retirement Planning

The majority of the NRIs have investments in illiquid assets and expect familial support during retirement.

Etihad Buys Jet Airways Stake For $379m

The Abu Dhabi carrier is approved to buy 27.3 million shares at 754.74 rupees each on a preferential basis.

Brent Drops Below $100 For First Time Since July

Recent weak data from China and the United States has caused concern about oil demand.

Etihad’s Jet Stake Deal Delayed Until August

The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.

Indian PM To Visit UAE In Early August

Manmohan Singh’s visit will be the first by an Indian prime minister in over three decades.

Gold Hits 10-Month Low On Selloff To Cover Equity Losses

The precious metal fell as far as $1,541.14 an ounce, its lowest since May.

India’s MRPL Asks For More Saudi Oil In April

State-owned refiner MRPL said it will halt oil imports from Iran in April if insurance cover is not available for its refineries.

Emirates On The Lookout For Asia’s Qantas

The Dubai airline’s long-term strategy “embraces opportunity,” states Emirates president Tim Clark.

Emirates-Qantas Deal Proves Dubai Airline Is “Big Power Broker”

The deal has just received conditional approval from Australia’s regulatory body.

Australian Regulator Gives Qantas-Emirates Alliance Conditional Approval

The Australian Competition and Consumer Commission said the airlines had to maintain at least their pre-alliance capacity on routes between Australia and New Zealand

UAE’s Mulk Holdings To Build $10m Aluminium Plant In India

The facility is part of the company’s expansion strategy and is expected to generate over 2,000 jobs in India.

Saudi Aramco Says Committed To China Refinery Project

Aramco Overseas signed a deal in March 2011 with oil firm PetroChina to build a 200,000 bpd refinery.

Why BMW Shares Will Outperform Daimler

Chinese consumers will drive auto revenues in 2013, says Matein Khalid, fund manager in a royal investment office.

Abu Dhabi In Nearly $7bn Oil Investment In Malaysia

The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.

UAE’s Etisalat Sees 2013 Revenue Of Up To $9.4bn

The asset disposals are expected to result in a net gain of $151 million for DP World and help boost its capital levels.

Oil Falls On Slowing Chinese Economy, Ample US Supply

U.S. crude has fallen around $8 per barrel over the last month.

Emirates’ Perth Flights Go Triple Daily

Latest capacity increase means the airline’s services have grown more than five-fold since it first flew to Perth in 2002

Nomura To Hire In Dubai To Revamp Middle East Operations

The Japanese investment bank plans to increase business across investment banking advisory, debt and equity capital markets.

Kingfisher Airlines Loses Rights To Fly To Dubai

The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.