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Airbus Says A350 Tests Going Well, Delivery On Track

The A350 is designed to compete with the Boeing 787 Dreamliner and the larger Boeing 777.

Britain Exports 50,000 T Barley To Saudi Arabia

Britain exported 42,000 tonnes of barley to Saudi Arabia during the 2012/13 season according to customs data.

Airbus CEO Dismisses Boeing’s 747-8 As “Dated”

The two titans of the aviation world are battling for the swiftly shrinking jumbo aircraft space.

Etihad Signs Air Baltic Codeshare And Doubles Jakarta Flights

Etihad expanding east and north as Jakarta flights set to double at the end of October and Latvian trade links to be bolstered by airBaltic’s new flights from December

UAE Financial Heads Woo London’s City Bankers

Despite a lack of local knowledge, UAE financial heads are increasingly looking to recruit top tier talent from the UK.

Lufthansa CEO Says Open To Forming Alliance With Gulf Carriers

Europe’s biggest airline by sales has seen some of its market shares gobbled up by ambitious Gulf airlines.

Spain’s La Liga Opens Dubai Office

The top Spanish league looks to strengthen its ties with the region as it seeks more Middle East sponsors.

Turkey Will Probably Never Join The EU – Ankara Negotiator

Accession talks launched in 2005 got bogged down in a dispute over the divided island of Cyprus.

Turkey Has No Plans To Privatise Stake In Turkish Airlines

The government controls 49 per cent of Turkish Airlines, Europe’s fourth-biggest carrier.

RBS To Boost Mideast, Africa Trade Finance After Regional Revamp

The bank’s retail business in the UAE was sold to Abu Dhabi Commercial Bank in 2010.

Qatar Looking Less Likely To Bid For Versace – Sources

Family-owned Italian fashion house Versace is looking to sell between 15 to 20 per cent to investors.

Qatari Businessman ‘Robbed At Paris Charles de Gaulle Airport’

Report claims businessman was assaulted and forced to hand over high-value items

France’s Alstom Wins $227m Saudi Steam Turbine Deal

The company will supply four 720MW steam turbine generator sets for the Shuqaiq power plant.

Barclays Called Reckless Over $511m Payments To Qatar Investors

The payments were made under “advisory service agreements” linked to Barclays’ emergency fundraising with Qatari investors.

Serbia Seeks To Borrow Up To $3 Billion From UAE – Official

The money will be used to repay “the most difficult debts” and regurgitate the economy, said Serbia’s deputy prime minister.

Ex-Barclays Team Plans London-Based Islamic Asset Firm

Arabesque is due to open to investors in the first quarter of 2014 and will focus on value-based investment strategies.

Dubai’s DAE Ends Merger Talks With BBA

The companies were holding talks to merge certain parts of their businesses.

In France, A Tax-Free Property Empire Owned By Qatar

Around 40 properties in France are owned by Qataris, with total investment amounting to around $7.8 billion over the past decade, found Reuters.

EU Urges Diplomatic Efforts On Syria, “No Military Solution”

EU foreign ministers meet in Vilnius on Friday and Saturday to discuss the situation in Syria.

IFA 2013: Panasonic Launches First HDMI 2.0 TV; Sony Unveils Xperia Z1

Tech showcase acts as global launch pad for new products.

Emirates Starts Stockholm Services

Emirates will be looking to funnel Swedes onto its Asian, Indian and African network.

UAE’s Coffee Planet Secures European Partnership

The popular local brand will begin selling its coffee bags through 340 Jumbo supermarkets in the Netherlands.

Saudi Prince Buys 50% In Sheffield United

Prince Abdullah bin Mosaad bin Abdulaziz Al Saud has promised to invest substantial new capital into the club.

Microsoft Acquires Nokia’s Phone Business For $7.2bn

The transaction is expected to be completed in the first quarter of 2014.

Dubai Aerospace In Talks To Merge Assets With BBA Aviation

BBA was holding talks with its U.S. rival StandardAero over a $4.2 billion tie-up.

Saudi British Bank Plans Sukuk Sale

HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.

Dubai’s DFSA, EU Regulators Tie Up To Hike Investment Flows

The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.

Britain Operates Secret Monitoring Station In Middle East

The station is part of a $1.56 billion global eavesdropping project, say reports citing leaked documents from Edward Snowden.

Dubai Registered Lamborghinis Seized In London

Two Lamborghinis have been seized for being uninsured as London police use a rare Aventador to highlight awareness.

Bahrain’s Investcorp Sells Skrill Group For $800m

Skrill, an online payment system in Europe, was sold to funds advised by CVC Capital Partners.