Home World Europe

Europe

Rocket Internet Buys Kuwait Food Delivery Service Talabat For $170m

Talabat operates in ME countries including Kuwait, Saudi and the UAE, cooperating with restaurants such as Burger King, KFC and Pizza Hut.

Stalled EU-GCC Free Trade Agreement Should Be Passed – UK’s Mandelson

The GCC and the European Union have remained in a stalemate regarding the agreement for several years.

Prince Charles To Tell Saudi King To Halt Blogger’s Flogging – Report

Charles embarked on a six-day tour of the Middle East this weekend.

Total CEO Expects Oil Price Of $60/Barrel This Year – Report

Patrick Pouyanne said that despite the fall in oil prices, the company would maintain investments in its big projects.

Investcorp Buys Spanish Ceramics Products Firm Fritta

The deal is Investcorp’s second acquisition in Spain after its purchase of ceramics products maker Grupo Esmalglass-Itaca in 2012

Swiss IT Firm Nexthink Gets $14.5m Funding From Qatar’s Al Mannai

The company is looking to expand its presence in Saudi Arabia and the UAE.

Total Wins 10% Stake In Abu Dhabi’s Largest Onshore Oil Fields

ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.

Emirates To Fly A380s To Dusseldorf And Madrid

Emirates’ superjumbo network in European grows to 13 points

NMC Health Planning To Dual-List In Abu Dhabi This Year

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Abu Dhabi Bourse CEO Says Most London-Listed Local Firms Agree Dual-Listing

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Oil Falls After Greek Election Sends Euro Tumbling

Global financial markets reacted to the Greek election on Monday with the euro dropping to near an 11-year low against the dollar.

Obama, World Leaders Head To Saudi Arabia To Offer Condolences

Russia’s PM Dmitry Medvedev, UK’s PM David Cameron and French President Francois Hollande are also visiting Saudi to offer condolences.

Ultra Electronics Says Oman Airport IT Contract Terminated

The contract was worth about 207 million pounds when won in 2011.

Oil Prices Rise Above $50 Ahead Of Expected ECB Move

The ECB’s Executive Board has proposed a programme that would allow it to buy $58 billion of bonds a month starting in March.

Lord Mayor Of London To Visit UAE To Boost Finance Ties

Alderman Alan Yarrow will visit Abu Dhabi and Dubai during his trip next week, part of wider 12-day GCC visit.

UK Minister Says Deplores Saudi Activist’s Flogging, Plans To Raise Matter

Saudi has come under pressure from Western countries over its punishment of activist and writer Raif Badawi.

Anger, Calls For Calm In Middle East Over New Charlie Cartoons

Charlie Hebdo’s “survivor’s edition” swiftly sold out its multi-million copy print run in France.

Middle East’s Integrated Diagnostics Plans UK Listing

Up to 45 per cent of IDH could be listed, the company said.

Dutch Engineer Imtech Investigates Marine Unit In UAE

The company was hit by an accounting scandal in Poland and Germany in 2013.

Canary Wharf Owner Tells Investors To Reject $4bn Qatar Takeover

Songbird Estates said the 350 pence per share cash offer did not reflect the value of its property of growth potential.

Emirates Launches Second A380 On Manchester Route

The upgraded service will increase Emirates’ capacity from Manchester by 13 per cent, the airline said.

German Diner Wienerwald Invests Dhs10m In Dubai, To Launch Two Outlets

The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.

Qatar Airways Set To Receive First A350

Doha carrier poised to receive Airbus’ latest model which will fly to Frankfurt from January

Qatar 2022 World Cup: FIFA Ethics Investigator Garcia Resigns In Protest

The former US prosecutor said he had lost confidence in the independence of the FIFA ethics committee’s adjudicatory chamber.

Serbia’s Central Bank Issues Licence To UAE’s Mirabank

The bank is expected to start its regular operations by the end of March 2015.

Former British Regulator Sants To Advise Abu Dhabi Financial Zone

Hector Sants will advise the Abu Dhabi Global Market (ADGM) on the creation of its regulatory framework and its strategy.

Gunmen Take Hostage In Belgium, No Islamist Link Seen

Belgian police cordoned off part of the city after the four men were seen entering the building in the Dampoort district, where they took a hostage.

Airbus A350 Delivery To Qatar Rescheduled For Dec 22

The handover of Airbus’ first mainly carbon-composite jet was originally scheduled for December 13.

Flydubai Targets European Traffic Flows

The low-cost carrier is launching new routes to Zagreb, Sarajevo and Sofia.

Songbird Says Too Early To Know Shareholder Intentions On $4bn Qatari Bid

Songbird Estates is the owner of London’s Canary Wharf financial district.