The reduction follows ongoing political unrest in Ukraine.
As Expo 2015 host Milan prepares for the event, officials say they are pleased to hand the baton to Dubai in 2020.
Investcorp will provide capital to Eyck, a newly established investment manager founded by Khing Oei.
UniCredit, which is one of Alitalia’s creditor banks, owns a 13 per cent stake in the airline after it took part in a 500 million euro share issue.
Etihad has finished reviewing Alitalia’s books as it considers whether to invest as much as 300 million euros via a capital increase, sources say.
A carrier must be more than 50 per cent owned and “effectively controlled” by an EU member state or EU citizens to obtain an operating license.
The club’s co-CEO Barbara Berlusconi said she would travel to the Middle East to find partners for the club.
The expansion is part of British Airways’ investment in Saudi Arabia and the wider Middle East.
European real estate investment from the Middle East reached nearly €10 billion ($13.7 billion) in 2013, finds CBRE report.
Executives from 13 companies listed on the DFM and NASDAQ Dubai will meet investors on April 28 and 29 in London.
The Gulf state announced deals with about 20 global companies, including with Lockheed Martin, Raytheon, Airbus and Boeing.
The JV, Etihad Rail DB, will manage operations for the first stage of the railway.
Reports claim Etihad’s stake in Aer Lingus is now valued at just under €37 million
Apple discontinued the iPad 4 last year when it launched its current flagship tablet, the iPad Air.
The acquisition of General Lighting Company will create a new joint venture, Philips Lighting Saudi Arabia.
Higher oil prices due to tensions in Crimea and economic weakness in Argentina and Brazil are expected to weigh on profits.
The fatal bombing of a tourist bus in Egypt’s Sinai region prompted a travel advisory from Germany.
Passavant-Roediger, a German subsidiary of UAE-based Drake & Scull International, will undertake one project in Gujarat and one in Rajasthan.
Germany’s Lufthansa has announced plans to offer wirelessly streamed movies to passengers.
The UAE has passed a new ruling exempting citizens from 13 European member states from requiring a pre-entry visa.
Seats have 50 per cent more room than economy and will initially be on Boeing 747-8s and gradually rolled out across the long-haul fleet.
The city’s third Sofitel will have a strong artistic flavour
Xperia Z2 and M2 smartphones are designed to enhance connectivity and clarity
Samsung is expected to launch the new Galaxy S5, while new releases can also be anticipated from HTC and LG.
The sizes of the stake and details of the nature of the alliance have not been disclosed.
Ambassador for the UK’s financial sector wants to see more women at senior management and board level.
Doha carrier will be first Gulf carrier to operate a purely business class service on the high-density route
Restaurants Oblix, Aqua Shard and Hutong moved into the tower last summer.
UAE officials say procedures for exemption are almost complete.
The Virgin Group founder was speaking at the Government Summit in Dubai.