Air Berlin Starts Abu Dhabi Stuttgart Flights

New route marks first connection between UAE and German city

Qatar To Lift Travel Ban On US Couple In Child Death Case

US officials said that all the requirements have been met for Matthew and Grace Huang to leave the country.

Egypt’s Public Prosecutor Appeals Mubarak Verdict

A court decided to drop charges against former president Hosni Mubarak over the killing of protesters in a 2011 uprising.

Emirates Extends AC Milan Sponsorship Deal For Five Years

The airline will continue to sponsor the club’s shirts until the 2019/2020 season.

Qataris Leading Race For $900m Pepe Jeans Buyout

The clothing retailer, which is also selling its menswear brand Hackett, expects binding offers in around three weeks.

Gulf Markets Stabilise After Panic Sell-Off

Brent crude fell nearly $2 a barrel to a five-year low below $68 in early trade on Monday but then pared some losses and climbed towards $70.

Middle East Retailer Azadea Eyes $500m From Stake Sale

Azadea expects to fetch between $400 million and $500 million with its offer of a 25 per cent stake, sources said.

Flydubai To Receive 43rd Aircraft On 43rd National Day

This month sees the Dubai airline start three services in Eastern Europe

Doha Bank Shareholders Approve India Assets Buy

HSBC Bank Oman said in April it had agreed to the sale of its Indian business to Doha Bank.

Emirates Starts A380 San Francisco Flights

Houston will also join the airline’s superjumbo network this week

Oil Hits 5-Year Lows In Longest Losing Streak Since 2008 Crisis

Both U.S. crude and Brent have fallen for five straight months.

Qatar Court Overturns Conviction Of US Parents In Death Of Adopted Girl

The Huangs were arrested in January 2013 after their 8-year-old daughter, Gloria, died unexpectedly.

Asia Will Feel Positive Impact Of Qatar 2022 – Official

Hassan Al Thawadi assured Asian Football Confederation members they too would also feel the positive affects of a first World Cup in the Middle East.

Middle East Wealth Funds To Actively Invest In 2015

Sovereign wealth funds in the region are investing more in emerging markets such as Africa and China as they shift away from Western markets.

Indian Carrier IndiGo Expands Dubai Operations

Indian low-cost airline spots budget travel opportunities to Bengaluru and Kozikhode

HSBC Oman Says In Talks With Meezan Bank To Sell Pakistan Unit

HSBC Oman, 51 per cent owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale.

Arabs To Present Draft On Palestinian State To UN Security Council Within Days

A proposed resolution on a Palestinian state is unlikely to gain the support of veto-wielding council member the US, a key ally of Israel.

Egypt Repays $2.5bn Deposit To Qatar

The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding.

Pakistan In Talks With Qatar About LNG Imports In 2015

Nearly half of Pakistan’s electricity is generated by gas.

Airbus Sells Part Of Dassault Back To French Planemaker

The move will result in a net reduction of Airbus Group’s stake from 46.3 per cent to 42.1 per cent.

OPEC’s Other Problem: Weak Demand

Oil demand in Asia is not growing quickly enough to offset stagnating consumption, writes Reuters columnist John Kemp.

Oil Prices Fall To 4-Year Lows As OPEC Production Cut Looks Unlikely

Oil prices have fallen by more than a third since June mainly due to increasing production in North America from shale oil.

UAE Dirham Falls To One Year Low Against Dollar In Forwards Market

The dirham is pegged to the dollar at 3.6725 and is trading in the spot market at 3.6730.

HSBC To Refund UAE, Oman, Bahrain Customers For Excessive Fees

The lender said it charged them excessive foreign currency fees on debit and credit card transactions.

Dubai’s Al-Futtaim To Invest $700m In Egypt After Dispute Settled

Mohamed al-Makkawi, Al-Futtaim’s Egypt CEO, said the investments would be directed towards new projects in Cairo Festival City development.

Michelin Mulls Middle East Manufacturing Facility In The Future

The Middle East market, specifically Saudi Arabia, holds strong potential for growth for the French tyre company, says COO.

Dubai’s Noor Bank Eyes Turkish Growth To Beat Competition

The bank has arranged syndications for Turkish borrowers worth more than $4.5 billion since 2010, including more than $2.1 billion in the past 18 months.

Russian Oil Tsar Igor Sechin To Meet OPEC As Saudis Keep Market Guessing

Oil prices have fallen 30 per cent since June to below $80 per barrel.

Oil Steady Below $80 Ahead Of OPEC Output Decision

Key will be what OPEC’s biggest producer, Saudi Arabia, decides, with some analysts expecting no price supporting action from the Kingdom.

GCC Petrochemical Revenues Reach $89.4bn In 2013

Petrochemical revenues from the region grew by $6 billion between 2012 and 2013, increasing 7.3 per cent, a new report shows.