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UK Not Ruling Out Airstrikes Against Islamic State, Says Hostage Video Genuine

IS released a video on Tuesday showing the beheading of American hostage Steven Sotloff, and issued a threat against a British hostage.

Alitalia, Etihad Deal Likely To Be Cleared By End Of Year

Etihad clinched a deal last month to buy 49 per cent of lossmaking Alitalia for 1.76 billion euros.

Gold Hits New Low As Equities, Dollar Strengthen

The metal has been underpinned by worries over the stand-off between Russia and the West over Ukraine and persistent unrest in the Middle East.

Breitling Launches New Luxury Watch On-Board Emirates A380

The Chronomat Airborne became the world’s first ever watch that was launched live on-board the jumbo jet.

Britain Unveils Powers To Strip Suspected Islamist Fighters Of Passports

British Prime Minister said the government would consult on a discretionary power to prevent Britons from returning home if they have pledged allegiance to extremist causes.

Pictures: Qatar Airways’ New Airbus A350 XWB

The carrier is set to receive the first delivery of the new widebody aircraft in the fourth quarter of this year.

Bulgaria Corpbank’s Owner Working With Oman On Restructuring Plan

Corpbank’s fate has been in limbo since June, when a run on deposits prompted the central bank to seize control of it and close its operations.

Etihad Welcomes Review By Swiss Authorities On Darwin Deal

Etihad CEO James Hogan says he supports the need for “absolute clarity” regarding its 33.3 per cent stake in Swiss carrier Darwin.

Etihad Plan To Buy Darwin Stake Fails To Meet Swiss Rules

Switzerland’s Federal Office of Civil Aviation said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement.

UAE Tells Citizens To Avoid Central London Areas Due To Crime

The warning comes after two violent attacks on Emirati tourists in the UK capital this year.

German Minister Accuses Qatar Of Funding Islamic State Fighters

Gerd Mueller presented no evidence of a Qatari link to Islamic State.

Saudi Prince’s Convoy Robbed Of 250,000 Euros In Paris

The convoy had been heading for Le Bourget airport north of the city on Sunday night.

UK To Soon Decide Whether To Charge Ex-Barclays Bankers Over Qatar

The bank is accused of making undisclosed payments to investor Qatar Holdings in 2008.

Unexpected Drop In Eurozone Output Clouds Recovery Hopes

High unemployment, sluggish reforms and conflicts in Ukraine, Gaza and Iraq are holding back the region.

Lufthansa, Austrian Extend Erbil Flight Suspension

Lufthansa also said that the airlines within its group would continue to avoid Iraqi airspace on transit flights.

Etihad Cargo To Launch Services To Moscow

The freighter business of Abu Dhabi carrier Etihad will operate twice weekly services to the Russian capital from August 13.

RBS Preparing To Sell International Arm Of Private Bank, Coutts

The sale could net RBS between $720 million and $1.1 billion, according to sources.

IATA Says Risks From Ebola, Gaza And Russia Could Dampen Air Travel Demand

The Ebola outbreak in West Africa, that has killed 932 people so far, could be one of the biggest challenges this year for some airlines, said IATA.

UK Minister Sayeeda Warsi Quits Over ‘Morally Indefensible’ Gaza Policy

Gaza officials say the war has killed 1,865 Palestinians, most of them civilians.

Turkey’s Erdogan Outlines Vision For Hands-on Presidency As Election Looms

Turks, where previous heads of state have been chosen by parliament, will vote directly for their president for the first time on August 10.

Qatar Airways Passenger Arrested In UK For Fake Bomb Threat

The incident, which led to the closure of the northern England airport for 25 minutes, briefly sparked fears of a terrorism attack.

Dubai’s Depa Wins New Contracts Worth Dhs300m In Singapore, Netherlands

The contracts were awarded to subsidiaries of the interior contracting company.

Airbus Wins 705 Net Orders In The First Six Months Of 2014

The aircraft maker said it had delivered 352 planes between January and July, including 16 A380 superjumbo aircraft.

Lufthansa’s Profit Falls Short As Ticket Prices Dip

Lufthansa’s second-quarter operating profit was $480.9 million, far below the average forecast.

Rolls-Royce Says 2014 On Track, To Return To Growth Next Year

Rolls-Royce alarmed markets in February by announcing there would be a pause in profit growth in 2014, thanks to declining U.S. and European military budgets.

Middle East Investment In Europe Up 25% In H1 2014

Capital from the Middle East accounted for 13 per cent of the total cross border investment coming into Europe, a new report says

Swatch Warns Of Hong Kong Uncertainty As Profits Fall 11.5% In H1

Marketing expenses for the Olympic Games in Sochi, a fire at its production unit and a strong Swiss franc squeezed net profit in the first half.

Saudi’s Flynas To Drop Manchester In August

The airline currently operates three weekly flights on the Jeddah-Manchester route.

Oman Fund Working To Rescue Bulgaria’s Corpbank

A plan is expected to be put together within three months.

Airbus Eyes Middle East Order For Revamped A330 Jet

The planemaker closed the Farnborough Airshow with total orders and commitments for 496 aircraft, including 121 for the A330neo.