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Airbus 350 Successfully Completes First Test Flight

The new wide body offering from Airbus is set to rival Boeing’s 787 Dreamliner.

EU To Levy 4.7% Duty On Jet Fuel Imports From Middle East

The new duty comes after the European Union removed the Gulf states from its generalised scheme of preferences.

Emirates Plans Indoor Aviation Theme Park In London

The 330 square metre facility will highlight operations and achievements of commercial air travel.

Lufthansa Open To Future Co-operation With Gulf Airline

The German airline’s CEO Christoph Franz said that Lufthansa may enter a partnership, but there was “no rush.”

UBP Snaps Up Lloyds International Private Banking Arm

Lloyds also said on Wednesday that it would close its business in Dubai and intended to withdraw from South Africa.

Emirates Secures $160m Sponsorship Deal With Real Madrid

The new four-year deal promotes the Dubai-based carrier to main shirt sponsor of the club from the 2013/14 season.

UK Expats – Are You Liable To Tax Back Home?

The UK’s new residency criteria could have major consequences for some expats, says James Thomas, regional director at Acuma Independent Financial Advice.

Qatar Sovereign Fund Buys Stake In Russian Bank VTB

Qatar Holding, along with Azerbaijan’s SOFAZ and Norges Bank Investment Management, invested $479-639 million each in VTB.

Carrefour Sells Stake In Middle East Venture To MAF For $683m

Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.

France To Invest $25m In Africa, Middle East Embassy Security

The country’s mission in Libya was targeted by a car bomb in April.

Oman Air Orders Three Airbus A330 Aircraft

The order, which will bring Oman Air’s A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.

Regional Exclusive: Armani Profit Up 20%

China and Europe boosted Italian fashion giant’s revenues to $2.7 billion in 2012.

Britain’s Islamic Bank BLME Seeks Stronger Gulf Ties – CEO

The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.

Qatar Holding, Italy Fund Eyeing Versace

In April, Versace CEO Gian Giacomo Ferraris said the house may consider opening the company to outside investors to help fund expansion

Storm Clouds Over The Euro

Persistent problems weigh heavy on Europe

Air Berlin Declines Further Etihad Finance Help

Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).

Etihad Launches Daily Service To Amsterdam

The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.

Qatar’s QPI Hopes To Extend Centrica North America Deal

Centrica and QPI said in April they would buy Suncor Energy Inc’s gas business in Canada for C$1 billion ($986.73 million) in their first acquisition.

UK Backs Dubai As Expo 2020 Host

Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.

Exxon And Qatar To Ship US Natural Gas To Britain

Under the deal, the companies would send up to 15.6 million tonnes of LNG each year to their South Hook terminal in Wales from the Golden Pass plant in Texas.

Low-Cost Carriers ‘Are The Future Of Aviation’

Industry leaders from flydubai, Lufthansa and Boeing discuss the future of low-cost travel at Arabian Travel Market.

Qatari Investor Close To Stake In SolarWorld

A source has said Qatar Solar Technologies (QSTec) is willing to take a minority stake in the German solar company.

Masdar Eyes Further Investment In UK’s Clean Energy Sector

Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.

UAE’s Sheikh Khalifa Visits The UK’s Queen

HH Sheikh Khalifa will meet prime minister David Cameron on Wednesday.

Shell Beats Total To Become UAE’s Sour Gas Partner

The 30-year venture puts Shell in position to renew its role in the UAE’s largest onshore oil concession when that contract comes up for renewal next year.

UAE-Poland Mutual Trade Up 13%

The UAE has imported $365 millon worth of Polish products including ceramic and chemical products, machines and mechanical devices, and food products.

Godolphin’s Al Zarooni Hearing Set For Thursday

Eleven Godolphin horses based at Newmarket in southern England tested positive for steroids, including Certify and Opinion Poll.

Strike Paralyses Lufthansa Network

Middle East travellers should brace themselves for cancellations and delays from today’s strike by the public services trade union ver.di

Total-Led Group Gets Laffan 2 Refinery Deal – Qatar Petroleum

Construction of the $1.5 billion condensate refinery is expected to be completed by the second half of 2016.

Sabic To Cut Over 1,000 Jobs In Europe

The company, which employs 40,000 people spread across 40 countries, made a net profit of around $6.59 billion in 2012.