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Etihad says not in talks to raise stake in India’s Jet

Etihad bought a stake in Jet two years ago giving it a foothold in India’s fast-growing aviation industry

Etihad starts daily flights to Hong Kong

The new service will offer a total of 3,620 seats per week between Hong Kong and Abu Dhabi

Oil prices fall as OPEC keeps production high

OPEC agreed on Friday to stick to its policy of not limiting its output, which currently stands above 30 million barrels per day.

Etihad starts A380 services to Sydney

The A380 will now operate one of the airline’s two daily services between Sydney and Abu Dhabi.

Video: Lenovo’s new laser projector smartphone concept

The laser projector extension enables the screen of a device to be projected onto a surface.

QEWC, Mitsubishi to build Qatar’s biggest-ever power, water plant

The $3.2 billion plant at Umm Al Houl, 20 kms south of Doha, will provide 2,520MW of electricity and 136.5 million gallons per day of water.

Japan’s Mitsubishi, Tepco win $2.5bn Qatar gas plant bid

The 2.4 GW plant, located 20km south of Doha, is scheduled to begin operations in 2017.

Saudi Arabia, partners turn down Chinese requests for extra oil

Research found Saudi Arabia’s share of Chinese crude imports dropped to just over 30 per cent in May from 36.5 per cent in April.

ICBC Middle East plans benchmark dollar bond issue

It would be the first bond issue by ICBC through its DIFC branch, underlining the bank’s growing business in the Middle East.

Alibaba’s Cloud Computing Unit To Establish Base In Dubai

Alibaba’s subsidiary Aliyun will set up a venture with Dubai-based Meraas.

Japan’s Cosmo Oil, Spanish Firm Cepsa In Talks For New Abu Dhabi Oilfield Stake

Abu Dhabi’s International Petroleum Investment (IPIC) owns all of Cepsa and is the biggest shareholder in Cosmo.

Fresh Earthquake Kills Scores In Nepal And India

Atleast 66 have been killed by the 7.3 magnitude quake, which was centred close to Nepal’s border with Tibet.

China Overtakes US To Become World’s Top Crude Oil Buyer

China’s crude oil imports hit a record of almost 7.4 million barrels a day last month.

Abu Dhabi Sovereign Wealth Fund To Buy HK Hotels In $2.4bn Deal

A JV formed by New World and ADIA will buy stakes in three Hong Kong hotels.

Huawei Releases New Honor Budget Smartphone, To Be Sold Online

The Honor 4C phone has a 5-inch display and starts at 799 yuan ($129).

Saudi Arabia Ready To Supply Any Additional China Oil Demand

Saudi Arabia’s Oil Minister Ali al-Naimi reiterated that the Kingdom intends to remain the world’s number one oil supplier.

India Seeks First Cut In LNG Imports Under Qatar Deal

New Delhi plans to use a 10 per cent reduction permissible under a 25-year contract with Qatar’s RasGas.

Japan’s Inpex In Talks To Obtain New Abu Dhabi Concession

Inpex was one of 11 firms that bid for stakes in the concession covering Abu Dhabi’s 15 principal onshore fields.

Samsung Hints At New Smartwatch On Apple Watch Launch Day

Samsung has launched six smartwatches since 2013.

Speculation Over Saudi-India Oil Deal As Talks Drag On

Saudi Aramco and India’s Reliance Industries have not yet concluded a term contract to import diesel and gasoline.

Qatar Launches First Chinese Yuan Clearing Hub In Middle East

The centre is expected to facilitate greater cross-border renminbi investment and financing business and boost trade between China and the region.

Qatari Banks, Southwest Securities Plan Islamic Finance Venture In China

Qatar National Bank and Qatar International Islamic Bank have signed an MoU for the venture.

Pakistani Minister Accuses UAE Of “Hurling Threats” Over Yemen Row

The UAE’s foreign affairs minister had rebuked Pakistan for not participating in the Saudi-led coalition fighting Houthi rebels in Yemen.

UAE-Australia Trade Grows 18% In 2014

Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.

Saudi Shipper Bahri Signs Deal With South Korea’s S-Oil

Bahri expects to book revenues of at least $67 million annually from the deal.

US, Saudi Arabia Sanction Pakistani Charity Al-Furqan

he Treasury said its sanctions would shut Al-Furqan out of the U.S. financial sector and prohibit Americans from doing business with the organisation.

Etihad, Jet Confirm Sponsorship Of IPL Cricket Team, Mumbai Indians

The airlines’ logos will feature on the team’s shirts, and their branding will also be advertised in the Wankhede Stadium.

Saudi Request For Help In Yemen Puts Pakistani PM In A Bind

Joining the Saudi-led coalition could inflame a sectarian conflict in Pakistan, where around a fifth of the population is Shi’ite.

UAE Joins Asian Infrastructure Investment Bank

The UAE follows a number of other Gulf countries such as Saudi Arabia, Kuwait, Oman and Qatar that have flocked to join the new Asian bank.

Qatar Airways Increases Flights To Bali and Jakarta

The airline will begin increased services to Jakarta and Bali from July 5 and July 16 respectively.