Boeing Sees $5.2 Trillion Jet Market, Win Vs Airbus On Twin-Aisles

Boeing’s annual forecast said single-aisle airplanes such as the 737 and A320 will garner the most orders.

Dubai Ranks Fifth Among Top Global Destinations For Travellers

The emirate is expected to receive around 12 million overnight international visitors in 2014, a new study says.

Emirates Takes Delivery Of 50th A380

Dubai carrier chalks up double-decker milestone with Kuwait and Mumbai next to join the A380 network

Qatar Cuts Stake In London Stock Exchange By A Third

Qatar sold the shares at 1,915 pence each as part of its portfolio management, a source said.

UAE Announces Two New MERS Cases

Both the patients are stable and are receiving necessary medical care, the Ministry of Health said.

Etihad To Launch Six Routes In 2015

Abu Dhabi carrier to fly to Kolkata, Madrid, Entebbe, Edinburgh, Hong Kong and Algiers next year

Etihad Signs Partnership With Philippine Airlines

The agreement covers codeshare flights, loyalty programmes, airport lounges and the coordination of airport operations.

Tabreed Consortium Acquires $286m Cooling Services Contract

The 30-year contract involves buying the existing district cooling provider to Al Maryah Island in Abu Dhabi.

India’s New Budget Targets Growth, Jobs

Finance Minister Arun Jaitley also raised limits on foreign investment in defence and insurance ventures to 49 per cent from 26 per cent.

Qatar Slashes Stake In London Stock Exchange Group

Qatar Holding is set to slash its 15 per cent stake in the owner of the London Stock Exchange by a third.

U.S. Blacklists UAE Firm For Flouting Sanctions On Syria

Sharjah-based Pangates supplied petroleum products to Syria from 2012 to April this year, the U.S. Treasury Department said.

Bahrain Questions Opposition Leader After Expelling US Diplomat

Ali Salman, the leader of opposition group al-Wefaq, was summoned after he met with visiting US official Tom Malinowski.

UAE Holding Suspected Qatari “Agents” For Questioning – Report

A Qatari newspaper reported earlier this week that UAE authorities had detained three Qatari citizens who were on holiday.

Dubai’s Gulf Navigation Cuts Capital, Eyes New Expansion

Dubai’s only listed crude oil shipper said it had written off accumulated losses worth Dhs1.1 billion.

Banque Saudi Fransi Hikes First-Half Dividend

The proposed figure is above the SAR0.3 per share which the bank paid for the corresponding period of 2013.

Abu Dhabi House Prices Grow 29% Y-o-Y In Q2 2014

Investor confidence in the capital’s property market has returned with off-plan projects being sold out, according to a report by Asteco.

Bahrain Office Rental Rates Remain Flat – Knight Frank

Factors such as oversupply and weak occupier demand have led caused rental rates to stagnate.

BMW Middle East Reports A 25% Increase In Sales For The First Half Of 2014

A total of 15,797 BMW and Mini vehicles were sold in the region with the UAE accounting for half of total sales.

Nakheel’s First Half Net Profit Up 54% To Dhs1.85bn

Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.

London’s Residential Properties Continue To Woo Middle East Investors

The city’s political stability and rising demand from a burgeoning workforce have been instrumental in attracting international investment to its property market, a new report says.

Emirates Firms Up Boeing 777X Order

Deal first announced as a commitment at the 2013 Dubai Airshow has now been finalised

Djibouti In Legal Dispute With DP World Over Port Concession

DP World owns one-third of Djibouti’s Doraleh Container Terminal.

Damac Offers Buyers Luxury BMW Cars As Part Of Ramadan Promotion

The offer is open to investors in Damac projects in the Burj Area, Dubai Marina, Jumeirah Village and AKOYA by DAMAC.

UAE Citizens To Travel Visa-Free To Kazakhstan From July 15

Kazakhstan is introducing a 15-day visa-free regime for citizens from 10 countries.

Saudi June Oil Production Rises To 9.78m bpd

The Kingdom typically increases production during the hot summer months to meet a surge in electricity demand.

Emirates To Drop Kiev Flights

Dubai carrier decides to call time on Ukraine service which launched in January

Dubai Holding Chief Says Company Needs $6.8bn To Build New Mega-Mall

Dubai recently announced plans to build the “Mall of the World”, including the world’s largest mall, a theme park and 100 hotels and serviced apartments.

UK Regulators Quiz Airbus Staff Over Saudi Corruption Allegations

The UK’s Serious Fraud Office reportedly questioned and arrested four former and current employees at Airbus unit GPT Special Project Management.

Bahrain Summons Top Opposition Leader For Questioning

Sheikh Ali Salman from al Wefaq and his political assistant were summoned by authorities after they met visiting US official Tomasz Malinowski.

Dubai’s DGCX Considering Spot Silver Contract

The spot silver contract will follow the launch of the first spot gold contract by the DMCC.