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Asia-pacific

Jet Airways Shares Surge On Report Etihad Deal Is Close

Etihad paid $70 million to India’s Jet Airways to buy three pairs of Jet’s slots at London’s Heathrow Airport.

Abu Dhabi Royal Scraps Agreement For $45bn Pakistan Property Project

Sheikh Nahayan bin Mubarak has cancelled the deal less than two weeks after it was signed.

Chinese Bank ICBC ME Posts 69% Rise In 2012 Profit

Industrial and Commercial Bank of China’s Middle East unit posted a pre-tax profit of $54 million in 2012.

UAE Etihad’s Pause Highlights India Investment Risk

Etihad’s pause over taking a stake in Jet Airways highlights the difficulties Gulf investors have faced in India.

Emaar Says India Roadshow Gets “Strong Response”

The developer is showcasing its Dubai-based properties to Indian investors.

Eurofighter ‘Still In Race’ For India Jet Deal

Rafale jets have the UAE interested but Eurofighter chief says India deal is far from closed.

Emirates Expands In The Philippines

Move provides Emirates with an avenue for growth beyond Manila and travellers with more flying options

Abu Dhabi Royal Plans $45bn Property Project In Pakistan

The development in Karachi may reportedly include the world’s tallest building.

Saudi’s Kingdom Holding Buys Stake In Chinese Online Retailer

Kingdom Holding already has investments in China’s entertainment and hotel sectors.

Japan Offers Nuclear Help To Saudi

The offer from trade minister, Toshimitsu Motegi, was aimed at freeing up extra oil.

Japan To Loan Abu Dhabi National Oil Co. $3bn

The loan is expected to help Japan win new and renewing energy concessions.

Saudi To Sign Emergency Oil Supply With Japan

The agreement would allow Japan to quickly seek additional oil supplies via a telephone hotline.

Emirates Targets Japan Exports Growth

New services to Haneda Airport will provide Japanese exporters and passengers more flexibility when connecting to the airline’s global network.

Davos: Kuwait Wealth Fund Warns Of Currency War

Speaking at the World Economic Forum, Badr al-Saad fears the decline of the yen.

Etihad Signs ‘Multimillion Dollar Deal’ With Sydney Opera House

Abu Dhabi airline become the cultural icon’s exclusive international airline partner

QE2 To Be Converted Into Asia-Based Floating Hotel

The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.

Qatar Airways Denies Talks To Buy SpiceJet Stake

Qatar Airways CEO Akbar Al Baker says the carrier has no plans to acquire stakes in any Indian airlines.

UAE’s Abraaj Group Sells Thai Hospital Stake

Abraaj sold its stake in Vejthani to KPJ Healthcare for an undisclosed sum.

China To Join UAE-Based IRENA

The International Renewable Energy Agency (IRENA) now has 160 participating countries.

UAE’s TAQA Buys Stake In India Hydro Plant

The Abu Dhabi National Energy Company has acquired an interest in Himachal Sorang Power Limited for an undisclosed sum.

Etihad Profits From South China Exports

Etihad Cargo announces new direct weekly freighter operation from Abu Dhabi to Guangzhou.

Emirates Expands Asian Network

A fifth daily non-stop service is being introduced between Dubai and Bangkok, swelling services to 35 flights a week from March 31.

India’s Jet Airways Confirms Stake Sale Talks With Etihad

Abu Dhabi-based Etihad could pay up to $330 million for a 24 per cent stake in Jet Airways, says source.

Etihad Close To Buying Stake In India’s Jet Airways

The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.

Abu Dhabi Eyes More Indian Tourists In 2013

The emirate’s tourism authority is holding a five-city road show in India in January.

Russia Unveils $25bn Oil Link To Pacific

The East Siberia-Pacific Ocean (ESPO) pipeline aims to expand sales to the US and cement Russia’s place as a dominant force on international crude markets.

Air India Expands GCC Operations In 2012, Looks To Grow

The Indian carrier recently launched the Boeing 787 Dreamliner aircraft between Dubai and New Delhi.

Etihad Set To Buy 48% Stake In India’s Kingfisher Air

The deal is worth an estimated $550.3 million, according to Indian press reports.

Is A Major Yen Depreciation Imminent?

Japan’s long-term risky fundamentals will become more apparent in 2013, says Matein Khalid, fund manager in a royal investment office.

UAE’s NMC Unit Signs Deal With Indian Food Producer

Under the agreement, NMC Trading will introduce Radikal’s Basmati rice to the UAE market.