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NBAD Signs Refinancing Deal With Paris’ Prince de Galles Hotel

The Abu Dhabi lender is refinancing the renovation of the Parisian five-star hotel that is scheduled to re-open in May 2013.

German Firm Wins Contract To Supply Tanks To Qatar

Arms exports are a sensitive issue in Germany given the role arms makers like Krupp played in fuelling 19th and 20th century wars.

Pegasus Airlines To Float IPO Stake This Week

The stake will be split between domestic, qualified and foreign institutional and individual investors.

Qatar, UK’s Centrica Buy $987m Of Gas Assets In Canada

The deal is the first joint investment by Qatar Petroleum International and Britain’s biggest energy supplier.

UK Property Developers Woo ME Buyers

New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.

Emirates Starting Stockholm Flights

Emirates targets growing bilateral trade links and outbound Swedish leisure traffic

Serbia Hints Etihad May Invest In JAT Airline Next Week

Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.

Mashreq Sues ING Over Losses Tied To ‘Roach Motel’ Debt

The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.

Former UK Prime Minister Margaret Thatcher Dies

Baroness Thatcher became the first female prime minister for the United Kingdom in 1979.

Emirates Flying Milan-New York From October 1

Italian Civil Aviation Authority has authorised the services, an extension to one of Emirates’ existing triple daily flights, on an extra-bilateral basis.

Etihad-Aer Lingus Codeshare Gains US Regulatory Approval

Etihad passengers flying on Aer Lingus’ planes to New York and Chicago can now pre-clear US Customs and Border Protection in Dublin

Is Cyprus Too Small To Matter?

With the Euro bailout of the island country of Cyprus what are the implications for the UAE and Middle East?

Eurozone Unemployment Rate Hits Record High Of 12%

The number of jobless people in the 17-member union reached 19.07 million in February.

UK Gas Stocks Swell On LNG Supplies From Qatar

Three large deliveries from Qatar of super-cooled gas over the last week increased stocks of liquefied natural gas to 6,219 GWh.

Leeds United’s Dubai-Based Owner Says Studying Investor Offers

GFH Capital is bringing in additional investors to develop the English soccer club.

Hayya Card holders can enter Qatar until January 2024

Qatari Investors To Buy 100% Of Printemps

Borletti and RREEF bought Printemps in 2006 from French luxury group PPR for 1.1 billion euros ($1.41 billion).

Leeds Football Club Sell Stake To Bahrain Bank

International Investment Bank’s chief executive, Aabed Al-Zeera, will join the Leeds City Holdings Limited.

UAE President Sheikh Khalifa To Visit The UK Next Month

This is the UAE’s first state visit to the United Kingdom since 1989.

UAE Approves $400m Loan To Serbia, Eyes Airline Deal

Etihad airline may become a strategic partner of Belgrade’s loss-making JAT Airways.

Why BMW Shares Will Outperform Daimler

Chinese consumers will drive auto revenues in 2013, says Matein Khalid, fund manager in a royal investment office.

Leeds United Owner Says Seeks Investors, Not Buyer

The statement conflicts with comments made by its Bahrain-based parent Gulf Finance House.

Emirates Signs 5-Year Sponsorship Deal With Barcelona Open

As part of the deal, the airline will have promotional rights to branding and digital elements of the tennis tournament.

UAE Oil Firm Lamprell Fined Dhs13.3m By London Regulator

The UK’s Financial Services Authority said Lamprell failed to inform the market of its deteriorating financial position on time.

Dubai-Based GFH Capital In Talks To Sell Leeds United Soccer Club

GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.

Qatar Not Considering Bid For Marks & Spencer – Source

Reports claimed Qatar Investment Authority was seeking a consortium for an £8 billion takeover of the British retail store.

Qatar Seeks Partners for $12.1bn Marks & Spencer bid

Qatar Investment Authority has reportedly approached several large private equity houses to jointly bid for British retailer Marks & Spencer.

Broker FIS Says Relocating Ship Futures To Dubai

Managing director John Banaszkiewicz says the broker will take advantage of Dubai’s proximity to Asia.

UK Government Promotes London As Islamic Finance Hub

More than $34 billion worth of Islamic bonds have been issued through the London Stock Exchange.

Nomura’s EMEA CEO To Leave Bank

John Phizackerley had previously said he planned to beef up staffing at the lender’s Dubai office.

GCC Tourists Spend Dhs2,440 Per Head In The UK

Visitors from Qatar and Kuwait were found to be the biggest spenders.