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Japan Airlines Boeing 787 Makes Emergency Landing At Honolulu

The jetliner en route to San Francisco from Tokyo diverted to Honolulu after oil pressure in its right engine dropped.

Drake & Scull’s German Unit Wins Two Indian Deals Worth Dhs50m

Passavant-Roediger, a German subsidiary of UAE-based Drake & Scull International, will undertake one project in Gujarat and one in Rajasthan.

More Gulf Capacity Set For Tokyo

Qatar Airways joins Emirates in providing more access to and from Tokyo’s second airport

Bahrain’s Al Salam Bank Launches Asian Islamic REIT Fund

The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG.

UAE-Led Group To Buy Two India Power Plants In A Deal Worth $1.6bn

Abu Dhabi’s TAQA will control the operations and management of both plants under the deal.

Cathay Pacific To Make Doha Debut

Strategic agreement follows Qatar’s entry into the oneworld alliance

Etihad To Launch Daily Phuket Flights

UAE residents and holidaying Europeans now have improved access to the popular Thai destination

Saudi Arabia, Malaysia Exchanges To Boost Islamic Finance Ties

An agreement will see the exchanges share expertise and develop human capital.

Saudi To Lend $57.8m To Pakistan For Hydro Power Project

The Kingdom will also provide Pakistan a credit facility of $125 million for the import of urea.

India Regulator Issues Notice To Etihad On Jet Deal

The Abu Dhabi carrier may have to make a tender offer to buy the entire 25 per cent public holding in Jet.

UAE-Led Group Expects To Sign $2bn India Power Deal

TAQA plans to take a majority stake in the plants while India’s IDFC Alternatives and PSP Investments will hold minority stakes.

Papua New Guinea Appoints UBS To Refinance $1.48bn Abu Dhabi Bond

The five-year bond was issued to Abu Dhabi’s International Petroleum Investment Co (IPIC) in 2009.

Saxo CEO Warns of China, Euro Concerns in 2014

Lars Seier Christensen warns of slowdown in China and on-going concerns in the Eurozone

Middle East To See A Surge In Chinese Investments In 2014

Around 74 per cent of Chinese investors polled said that they expected outbound M&A deals from the country to rise in 2014.

Japan’s Tohoku Signs 15-Year LNG Deal With Qatar

Tohoku declined to provide any details on how the Qatar gas will be priced.

Saudi Airline Flynas Targets UK And South-East Asia

One-time short-haul carrier is embarking on international expansion

Viceroy Dubai Palm Jumeirah secures $201m Funding

Industrial and Commercial Bank of China marks its first project financing deal for a hospitality project in the Middle East

Exclusive: Just Falafel Eyeing Asian And European Expansion

Fast food chain plots Asian and European expansion on top of openings in UK and North America.

UAE Plans Renewable Energy Projects In Five Pacific Nations

Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.

Hong Kong Exchange CEO: “We Are Not Ready For China’s Boom”

Dr Li Xiaojia urges Hong Kong to boost its capabilities before it loses out to other international finance centres.

Dubai Energy Firm Secures Dhs1bn Funding For India Power Project

Coal & Oil will use the amount to complete its 1200mw thermal power plant under construction in Tamilnadu, India.

Qatar Fund In Talks To Invest $200m In Indian Property

Qatar Investment Authority is holding “conversations” with Kotak Realty Fund, says source.

Expo 2020 Allegations By Gulf News “Baseless”, Says Pakistan

The newspaper defends its decision to publish the editorial, which accuses Pakistan of betraying the UAE by not supporting Dubai during the Expo 2020 vote.

UAE Visitors To Singapore Hit 30,000 In First Half

Middle East travellers benefit from plentiful air lift, and abundant food, shopping and leisure attractions

Cathay Pacific Moves Dubai Freighter Operations To DWC

The carrier said its 14 weekly passenger services will continue to operate through Dubai International.

Qantas Issues Profit Warning; To Cut 1,000 Jobs

Surprise announcement shows Qantas continues to wrestle with fuel costs and competition

Majority of Finance Executives Are “Flexible” On Ethics

A study found that there is a significant gap between the belief about ethics and industry practices among finance executives.

Majority Of UAE NRIs Send Money Home – Survey

Up to 85 per cent of non-resident Indians in the UAE remit their salaries, revealed a survey by Friends Provident.

UAE To Send $10m To Typhoon-Hit Philippines

Typhoon Haiyan has left an estimated 10,000 people dead and four million affected after it hit land on Friday.

Open Doors For India’s Airspace?

Is India set to loosen its protectionism over the national airline sector? It’s about time it did.