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Airbus, Boeing Climb Close To $100bn In Airshow Deals

The biennial Farnborough Airshow has already outsold the 2012 show which saw $72 billion of orders and commitments.

Airbus Expects At Least 50 A330neo Orders, Aiming For Over 100

The A330neo is expected to have 25 per cent lower capital costs than Boeing’s rival 787 Dreamliner.

Airbus Unveils Revamp Of A330 Passenger Jet

The A330neo will have a range increase of up to 400 nautical miles, with room for up to 10 extra seats in the cabin.

Qatar Cuts Stake In London Stock Exchange By A Third

Qatar sold the shares at 1,915 pence each as part of its portfolio management, a source said.

Qatar Slashes Stake In London Stock Exchange Group

Qatar Holding is set to slash its 15 per cent stake in the owner of the London Stock Exchange by a third.

UAE Citizens To Travel Visa-Free To Kazakhstan From July 15

Kazakhstan is introducing a 15-day visa-free regime for citizens from 10 countries.

Emirates To Drop Kiev Flights

Dubai carrier decides to call time on Ukraine service which launched in January

UK Regulators Quiz Airbus Staff Over Saudi Corruption Allegations

The UK’s Serious Fraud Office reportedly questioned and arrested four former and current employees at Airbus unit GPT Special Project Management.

Airbus Lags Boeing In Order Race Despite Busy June

The European planemaker posted 515 orders between January and June, or 290 when adjusted for cancellations.

Etihad Becomes Official Airline Of England Cricket Board

England’s national squads will fly with the UAE carrier and the airline will benefit from a range of commercial rights

Airbus Plans To Revamp A330 With Rolls-Royce Engines

General Electric – the main alternative A330 engine supplier – is reportedly no longer in the running for the $2 billion “A330neo” revamp.

Bahrain’s Invescorp Walks Away From Cavalli Deal Over High Valuation

Italian designer Roberto Cavalli was hoping to receive a 450-million-euro ($612 million) offer from Investcorp by a June 30 deadline.

Qatar’s Katara Hospitality Goes On InterCon Buying Spree

Qatar company teams up with IHG for first time and will invest in key European hotels to bring them back to their full glory

Etihad Agrees On Principal Terms To Buy 49% Of Alitalia

The two carriers have been in talks since December, but a deal has so far been elusive.

New $5bn Islamic Aircraft Leasing Fund Launched; Will Target GCC

ALIF Fund will be managed by the International Airfinance Corporation with Airbus and IDB as investors and partners.

France Wins $2.7bn Qatar Tram Deal, Discusses Rafale Jets

The deal will see the light rail system starting to operate in 2018-20 in Lusail City.

Portugal Records 140% Rise In UAE Tourist Numbers

The increase in tourism numbers was spurred by the launch of a daily Emirates flight route to Lisbon back in July 2012.

UAE Businessman Khalaf Al Habtoor Buys Intercontinental Budapest Hotel

The acquisition is Al Habtoor’s second hotel in the Hungarian capital.

Dutch Companies Hit By Saudi Retaliation For Politician’s Anti-Islam Campaign

Populist politician Geert Wilders published stickers critical of Islam in the green and white colours of the Saudi flag last December.

Qatar Airways A380 Deliveries Delayed Again – CEO

The delivery had been expected around the end of May, but was pushed back after the airline rejected the aircraft during a pre-delivery inspection.

Middle East Investors To Spend $180bn On Global Real Estate Over Next 10 Years – Report

Sovereign wealth funds in the region are expected to make the biggest investments, with Europe slated to receive the bulk of the amount.

Airbus To Increase Seat Capacity On Popular A320 Models

The more densely arranged cabins will be available early next year.

Alitalia Board Votes To Accept Etihad Offer, Rapidly Do Deal – CEO

Abu Dhabi-based Etihad is prepared to invest up to $1.70 billion over the next four years.

Exclusive: Abu Dhabi’s Etihad Plans To Buy 49% Stake In Alitalia – CEO

Etihad is looking to invest up to $1.7 billion in Alitalia over the next four years.

Emirates’ Decision To Cancel A350 Order Will Be A “Blow” For Airbus

The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.

Airbus Says Emirates Cancels Order For 70 A350 Planes

Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.

Alitalia Needs A Few Weeks To Close Etihad Deal – CEO

Gabriele del Torchio said Etihad was proposing to invest up to 560 million euros in Alitalia.

Alitalia CEO Says Job Cuts From Etihad Tie-Up To Number 2,200

Alitalia and Etihad have been in talks since December, but a deal has so far proved elusive.

Qatari-Backed Plan To Redevelop London Site Gets Go-Ahead

The start of building had been delayed after the government intervened to consider how the project would affect views of the Houses of Parliament and Big Ben.

Nakheel Partners German Firm To Launch New Dubai Real Estate Company

The Dubai developer has joined hands with Germany-based real estate brokerage company Engel and Völkers (E&V).