Standard Chartered CEO – ‘Excessive Austerity Will Be A Disaster’

V. Shankar, CEO of Standard Chartered EMEA, says much will still depend on Europe.

France’s Hollande In UAE Visit For Total

The French President will meet Sheikh Khalifa bin Zayed al-Nahayan to help Total win a $10 billion deal.

UAE Expected To Invest Millions In Serbia

The UAE will sign a deal next week concerning Serbia’s weapons industry worth $132 million.

ME Airlines Lead Aviation Rebound

Middle East airlines recorded a 10.5 per cent international passenger demand growth in November, says IATA.

Etihad Profits From South China Exports

Etihad Cargo announces new direct weekly freighter operation from Abu Dhabi to Guangzhou.

UAE Discussing Rafale Jets With France

The on-off negotiations over 60 fighter jets have been ongoing for several years.

Emirates Expands Asian Network

A fifth daily non-stop service is being introduced between Dubai and Bangkok, swelling services to 35 flights a week from March 31.

Emirates Upgrades Lusaka And Harare

A three-class Boeing B777-300ER will be deployed from February, providing more seats and cargo space

Abu Dhabi Foreign Trade Up 37.6% In 2011

Exports rose 38.5 per cent to Dhs416 billion, driven by a rise in oil prices.

Saudi Arabia Bans Brazil Beef Imports

The decision follows Egypt’s ban after fears of mad cow disease case.

Emirates Receives Five Planes In December

The additional widebody planes will help serve the carrier’s ongoing network expansion

US Explores Ways To Boost Middle East Trade

The under-secretary for international trade says businesses in the States are thinking globally.

Emirates’ London Heathrow Flights All A380

Combined with daily Manchester A380 services, the world’s largest A380 carrier will be sending 360 flights to and from the UK each month

GCC To Host First World Luxury Expo

Steinway Piano Gallery will be displaying a crystallised 1/6 scale model grand piano worth AED12 million for the first time

UAE’s NMC Unit Signs Deal With Indian Food Producer

Under the agreement, NMC Trading will introduce Radikal’s Basmati rice to the UAE market.

Chinese Textile Traders Eye Middle East Investment

Around 120 textile and garment suppliers from China are in Dubai to woo regional distributors.

UAE Submits Official Bid To Host World Expo 2020

Dubai is competing against four other cities to host the major world event.

Greek PM To Visit Qatar For Investment Talks

Antonis Samaras will meet with the Gulf state’s emir and prime minister to discuss investing in Greece.

Boeing Targets Doubling Of Middle East Defence Sales

The plane manufacturer expects to increase revenue from defence sales in the region to $4 billion.

Arab Spring Economies To Recover Slowly – IMF

Weak demand in Europe and other regions will continue to weigh on the Arab Spring states.

British PM Cameron Meets KSA’s King Abdullah

The two leaders discussed regional and international developments, Palestine and the situation in Syria.

UAE And UK Plan Defence Partnership Around Typhoon

Prime Minister David Cameron’s visit to the country comes to an end as both parties discuss a strategic air defence relationship.

UK Prime Minister Cameron Visits The Gulf

David Cameron will visit the UAE, Saudi Arabia and another Middle Eastern country as he aims to secure orders for fighter jets.

DP World’s Terminal Volumes Drop Slightly

The world’s third-largest port operator recorded a 0.7 per cent year-on-year fall in the third quarter.

Sarawak Minister Targets $3 Billion Qatar Investment

Sarawak targets Qatar for investment into palm oil, aqua-culture and aluminum.

Iran Warns UAE Over Gulf Islands Dispute

The three islands situated on the Strait of Hormuz are causing disagreement over who owns them.

Australia’s Victoria Eyes MENA Trade Spike

Increased trade opportunities and direct air links are driving business between the regions.

Qatar And France Agree Suburbs Relationship

The Gulf state will help set-up a Franco-Qatari fund aimed at investing millions of Euros into depressed French suburbs.

Swiss Lift Ban On UAE Arms Exports

United Arab Emirates are once again able to buy weapons from the European country after a previous ban following re-exported grenades is lifted.

UAE Non-Oil Trade Up 5%

The country’s non-oil trade reached Dhs76.6 billion in February this year, according to official statistics.