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Open skies with GCC crucial for US economy – senior Boeing official

Three US carriers are calling for an end to the US’ open skies agreement with the UAE and Qatar over a subsidies row

Are the US and the GCC states good pals again?

Obama sought to reassure GCC nations at last month’s Camp David summit in the US but were they all convinced?

Video: flydubai’s latest 737 takes shape in Boeing’s Renton factory

Boeing’s 737 manufacturing facility in Renton produces 42 airplanes every month

Buyout firm Arcapita sells $640m US real estate portfolio

The portfolio includes 16 facilities and 4,000 residential units for continuing senior care, the company said in a statement.

Qatar Airways threatens to quit oneworld alliance over subsidy row

The airline’s CEO Akbar Al Baker accuses one of his American partners of blocking its expansion

Qatar Airways CEO sees no need for concessions to US airlines

Al Baker said Qatar Airways expects to deliver its rebuttal to the U.S. airlines’ claims in the next few weeks

Boeing on track to deliver flydubai’s first 737 MAX in 2017

Testing of the new aircraft is slated to begin in the first half of 2016.

Mubadala GE joint venture says looks at options for future structure

The joint venture was studying options in the wake of the U.S. conglomerate’s decision to exit most of its GE Capital operations.

Qatari couple charged in Texas with abusing household staff

Hassan Salem Al Homoud and his wife, Zainab Al Hosani, were charged with engaging in forced labor and could face up to 20 years in prison if convicted.

Etihad to support 23,400 jobs, add $2.9bn to US economy in 2015 – study

By 2020, the airline will have committed $41 billion to the US’ GDP, an Etihad-commissioned study by Oxford found.

Chevron says output from Saudi-Kuwait joint Wafra oilfield to remain shut

The oilfield will not be reopened until difficulties to operate there are resolved, the US firm said.

Abu Dhabi fund ADIA names Pandtle head of US internal equities

Pandtle, who previously worked at Eagle Asset Management, will oversee the management of US-focused equity portfolios run by the fund.

Boeing appoints Bernie Dunn as head of Mideast business

Dunn had been president of Boeing Turkey and North Africa since July 2012 and succeeds Jeff Johnson.

Obama seeks to reassure Gulf allies at summit, sees no early end to Syria war

The US leader said that the rare summit with Gulf Arab leaders was “very frank and honest”.

Saudi man gets life in US prison in Africa embassy bombings case

Khalid al-Fawwaz was not charged with planning or participating in the attacks, which killed 224 people and injured more than 4,000.

Etihad Airways says US carriers got $70bn in government aid

The claim follows US carriers’ allegations that Etihad, Emirates and Qatar Airways have received more than $40 billion in state subsidies.

Google’s new self-driving cars to hit roads for testing

Engineers will operate 25 prototype vehicles designed by Google.

Qatar Airways Added $900m To The US In 2014, Says CEO

Akbar Al Baker once again refuted “baseless” subsidy claims, and called for the US government to continue its open skies agreement.

Obama Seeks To Reassure Gulf Allies On Iran, Security At Summit

Tension over U.S. policy toward Tehran, Syria and the Arab Spring uprisings will loom over the meetings.

Absent From Obama Summit, Bahrain King Expected At UK Horse Show

Like Saudi Arabia’s King Salman, King Hamad has decided to send his crown prince to the United States in his stead.

Closer Defence Ties Between US, Gulf Critical To Terrorism Fight -Kerry

US President Obama is holding a summit with the six GCC nations to discuss Iran, Yemen and other security issues.

Emirates Airline Could Use European Hubs To Expand In Americas

The move could further anger US carriers, which accuse Emirates of competing unfairly through state subsidies.

Obama To Meet With Saudi Crown Prince, Deputy In Oval Office On Wednesday

Obama’s summit with the GCC countries begins Wednesday evening and continues on Thursday.

Saudi Foreign Minister Says US-GCC Summit To Focus On “Aggressive” Iran

Adel al-Jubeir said the summit would focus on conflicts in Syria and Iraq and also on the fighting in Yemen.

Saudi, Alcoa Aluminium Smelter Production To Top Initial Target This Year

Ma’aden, the Gulf’s largest miner, is currently exporting around 70 to 80 per cent of the smelter’s production.

Abu Dhabi’s Image Nation To Finance Tom Hanks Thriller, The Circle

The movie has been written and will be directed by James Ponsoldt, and will start shooting in August 2015.

King’s Absence From US Summit Shows Saudi Displeasure Over Iran Push

Analysts and diplomats in the Middle East described King Salman’s decision to skip the meeting at Camp David this week as a snub.

Saudi King Salman Phoned Obama, Discussed Summit, Yemen

King Salman has nominated Crown Prince Mohammed bin Nayef to attend the summit in Washington and Camp David, Maryland.

China Overtakes US To Become World’s Top Crude Oil Buyer

China’s crude oil imports hit a record of almost 7.4 million barrels a day last month.

Saudi King Sending Crown Prince To Summit With US President Obama

The summit coincides with the start of a five-day humanitarian truce in Yemen.