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Dubai’s Depa Wins New Contracts Worth Dhs300m In Singapore, Netherlands

The contracts were awarded to subsidiaries of the interior contracting company.

India Keeps Policy Rate Unchanged, Sounds Tough On Inflation

The Reserve Bank of India (RBI) left the repo rate at 8.00 percent, as expected by nearly all 43 economists surveyed for a poll published last week.

UAE’s Oil Exports To Japan Drop 14.4% In June

The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.

UAE’s Just Falafel Enters India, Opens First Restaurant In Bangalore

The UAE-based fast food chain has teamed up with Prism Properties to open its outlet in the South Indian city.

UAE’s TAQA Pulls Out Of $1.6bn India Power Deal

In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures.

Flydubai To Start Flights To Mumbai From October

The low-cost carrier will operate direct flights to the Indian city five times a week from October 28.

Japan To Count Saudi, UAE Crude Storage Toward Reserve Goals

Japan has been lending 10.7 million barrels of crude tank capacity to the two countries.

Emirates To Start A380 Mumbai Flights

The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities

Private Banks Not First Choice For Wealthy – StanChart Report

The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.

Etihad Signs Partnership With Philippine Airlines

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

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.

India, UAE Discuss Strategic Oil Storage Lease – Sources

ADNOC is reportedly planning to take up to two million tonnes capacity in India.

Etihad Increases Frequency On Indian Routes

Double-daily frequencies will be operated to Bangalore, Chennai, Kozhikode and Hyderabad.

Abraaj To Consider Options For Pakistan K-Electric Stake

Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.

It’s Asian Bonds, Not Equities, That Are Too Rich

The tricky part for investors is to precisely time their exit from bonds.

Qatar Airways Starts Tokyo Haneda Flights

Doha carrier now serves both city hubs and is the latest carrier to fly to the more conveniently located airport

Bahrain’s Batelco Wins $211.1m From Indian Partner

Batelco, via wholly-owned subsidiary BMIC, had sued Chennai-based Siva and its chairman Chinnakannan Sivasankaran.

Aramex Acquires Australia’s Mail Call Couriers

Aramex CEO Hussein Hachem says he will be looking to bring Mail Call’s ‘WantItNow’ e-commerce delivery service to other markets.

Emirates, Etihad Warn Of Flight Delays On Karachi Route

A terrorist attack killed at least 27 people in Karachi’s Jinnah airport on Sunday.

Pakistan Sees Etisalat Resolving $799m Dispute Soon – Minister

Etisalat led a consortium that bought a 26 per cent stake in Pakistan Telecommunication for $2.6 billion, with $1.8 billion paid upfront.

Malaysia – The Foodie’s Paradise

Forget Kuala Lumpar. When it comes to city breaks, Penang is Malaysia’s crown jewel.

Dubai Islamic Bank Buys 25% Of Indonesia’s Bank Panin

The agreement with DIB was made official about two weeks ago, a senior official from the Indonesian bank has said.

Prince Alwaleed Sees 130% Investment Hike After Chinese Firm JD.com Listing

The Saudi businessman and his Kingdom Holding Company invested $250 million for a combined stake of 2.5 per cent in the Chinese online retailer.

Emirates To Start A380 Mumbai Services In July

The Dubai carrier will also deploy larger Boeing 777 aircraft to Delhi and Hyderabad

Australian Apple Users Report Cyber Attack

Cyber attackers have reportedly locked Australian users’ smartphones and demanded payment in return for unlocking them.

Thai Military Rulers Appoint Advisers, Economy In Doldrums

Data on Wednesday showed factory output fell 3.9 per cent in April from a year earlier, the 13th monthly drop in a row.

Five Big Challenges For Modi’s New Government In India

Narendra Modi was sworn in as India’s prime minister on Monday.

Mumbai Tops List For UAE NRI Property Investors – Survey

Bangalore is also emerging as a property investment hotspot for Indian residents in the UAE, finds new survey.

Abraaj Buys Stake In Thai Education Firm Amid Political Turmoil

Abraaj said it had bought a stake in out-of-school education provider KPN Academy, without disclosing the purchase price.

Samsung May Unveil ‘Watch-Phone’ As Early As June

The new smartwatch will be able to make or receive calls without having to be tethered to a mobile phone, say reports.