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Italy’s Monte Paschi Foundation In Talks With Qatar For Stake Sale

Qatar sovereign fund is reportedly seeking a 15-20 per cent in the troubled Italian lender.

Emirates Launches First A380 Flights To Barcelona

Emirates will look to funnel Spaniards into Dubai and onto its global network – particularly Asian markets such as Hong Kong and Bangkok.

Saxo CEO Warns of China, Euro Concerns in 2014

Lars Seier Christensen warns of slowdown in China and on-going concerns in the Eurozone

Rolls-Royce Reveals Bespoke Waterspeed Collection Sketch

Rolls-Royce Middle East reported a fourth consecutive record year in 2013, with sales up 17 per cent year-on-year.

Kuwait To Invest $676m In Italy

The announcement was made by Italian Prime Minister Enrico Letta, who is officially visiting the GCC.

Islamic Bank Of Britain Gets Fresh Capital, Plans Expansion

The injection will allow IBB to grow its retail operations and develop its commercial business.

Saudi Airline Flynas Targets UK And South-East Asia

One-time short-haul carrier is embarking on international expansion

Etihad Regional Starts Geneva-Stuttgart Flights

New route enables Stuttgart passengers to connect with Etihad’s global network via Geneva

Etihad In Final Due Diligence Stage For Alitalia Stake Buy

Abu Dhabi-based Etihad is reportedly planning to buy a 40 per cent stake in the struggling Italian carrier.

Dubai’s Arabtec Expands, Opens New Headquarters In Belgrade

The new office will help the company expand its presence in the wider Balkan region.

BAE Systems Says Making Progress On Saudi Price Talks

BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.

UK Offers Support To Qatar For 2022

Ambassador Nicholas Hopton dismissed criticism Qatar has faced in preparation for hosting the event.

Abraaj Group Acquires Majority Stake In Turkish Dairy Firm

Abraaj’s investment will help Yörsan Group grow both domestically and internationally.

UAE, Denmark Sign MoU To Advance Sustainability

Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.

Exclusive: Just Falafel Eyeing Asian And European Expansion

Fast food chain plots Asian and European expansion on top of openings in UK and North America.

Gulf Finance House To Sell 75% In Leeds United, Retain 10% Stake

GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.

Shell And UAE’s Mubadala Swap Malaysian Offshore Field Stakes

Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.

Investcorp Sells UK-based TDX Group to Equifax for $327m

TDX is the UK’s largest debt placement services and debt management platform company.

Qatar’s Masraf Al Rayan Buys Islamic Bank Of Britain

IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank.

Bahrain’s GFH Agrees Part Sale Of Leeds United Stake

GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital.

First Jubail Diesel Cargo Adds To Pain For Europe’s Refiners

Saudi Aramco is set to ship the first cargo of diesel to the Mediterranean for January 23 loading.

Swatch Group Reports Sales Rise Of 8.3%

The Swiss group, which owns 20 brands, saw its watches and jewellery segment grow by more than 10 per cent.

UAE Arrests Iranians Suspected Of Kidnapping Briton In Dubai

Abbas Yazdi, a 44-year old businessman, went missing in Dubai in June.

25m Euro Gulf Investment In Irish Companies Announced

The Gulf Trade Mission was led by the Irish prime minister Enda Kenny.

Alitalia’s Chairman Likely To Stay On For Talks With Etihad

Roberto Colaninno said in October he would step down after a 300-million-euro capital increase, completed at the end of December.

Emirates Launches Daily A380 Service To Switzerland

Zurich is the Dubai carrier’s 25th A380 destination.

Emirates President Tim Clark Knighted In UK Honours List

Clark was recognised for his “services to British prosperity and to the aviation industry”.

Emirates To Operate A380 On London Gatwick Route

The new service will be launched on March 30, 2014 and is expected to increase capacity by 36 per cent.

UK Visa Waiver To Boost UAE Tourist Numbers

The UK has been aggressively targeting the wealthy Gulf tourists through various marketing campaigns this year.

Alitalia In Talks With Etihad For Possible Investment

The struggling Italian carrier is studying other options as well, said its CEO.