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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.

Dubai’s Arabtec Forms New South Korean Joint Venture

The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.

S.Korea Signs $5.4bn Currency Swap Deal With UAE

The arrangement lets either country swap 5.8 trillion Korean won for 20 billion dirham, or vice versa.

De-icing And Electrical Issues Cause Fresh Dreamliner Woes

A San Diego-Tokyo flight operated by Japan Airlines returned to the US airport after anti-icing equipment failed.

Different Arab money

Malaysia, UAE Tie Up To Boost Economic Ties, Islamic Finance

The two financial hubs held a combined $181 billion in sharia-compliant banking assets as of 2011

India Sells Wheat To UAE, First Private Deal Since Late August

The UAE has purchased 30,000 tonnes of milling wheat from India.

Etihad Signs Air Baltic Codeshare And Doubles Jakarta Flights

Etihad expanding east and north as Jakarta flights set to double at the end of October and Latvian trade links to be bolstered by airBaltic’s new flights from December

Low-Cost Filipino Carrier Begins Dubai-Manila Services

The new service will offer the 500,000 Filipino expats in Dubai more travel options during peak periods.

Emirates Expands East And West

Carrier starts the new month in top gear by launching services to Clark in the Philippines, a new route between Milan and New York and its first A380 service to Brisbane

Etihad Starts Daily Ho Chi Minh Flights

New service to meet strong business and leisure demand and support UAE investments in Vietnam

UAE’s Food Imports From Victoria Up 66%

Major food exports from the Australian state include dairy, meat, fresh fruit and vegetables

Dubai, China Sonangol Sign MoU To Build Oil Refinery

Dubai-based Noor Investment Group will act as the financial advisor to Dubai’s Supreme Council of Energy on the project

Saudi’s CPC Opens $15m Marble Factory In China

The massive new factory, spread across 66,000 sqm, will import 50 per cent of its produce to Saudi Arabia, UAE and Qatar.

Dubai Gold Trade Hurt By New Indian Import Tariffs

The Indian government has hiked the duty on gold bullion imports three times this year to a record 10 per cent

UAE’s Abraaj Exits Investment In Filipino Hospital

Abraaj’s exit in Daniel O. Mercado Centre was executed through a buy-back arrangement with the Mercado family.

Gold Drops On Fresh Stimulus Fears

Spot gold was down 0.3 per cent to $1,321.56 an ounce, after a near three per cent drop on Friday.

Etihad Airways Plans Major India Expansion

The Abu Dhabi-based airline plans to introduce more flights, more seats and new routes to India.

National Bank of Fujairah Launches Subsidiary In Hong Kong

NBF’s new entity will help facilitate expanding cross border flows between the UAE and China.

Cebu Pacific Air Gears Up For Dubai Launch

Low-cost airline has taken delivery of its second A330 which will be deployed on the the carrier’s first long-haul flight to Dubai from October

India Approves Deal To Increase Airline Seats To UAE

The agreement allows the nations to add 50,000 additional seats per week for the next three years.

Qatar Airways Starts Chengdu Flights

The Chinese city’s large industrial development zone is likely to funnel in corporate travellers

UAE’s Etihad Sees Clearance For Jet Deal, Extends Deadline

Etihad agreed to pay $379 million for a 24 per cent stake in Jet in April.

Qantas Posts Annual Profit As International Losses Shrink

The Australian airline formed an alliance with Dubai’s Emirates Airline this year.

Emirates To Be First Gulf Carrier To Serve Taipei

Emirates will be keen to connect passengers across its global network, particularly in Europe and Africa.

HSBC Launches Chinese Currency Investment Options

China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.

Abu Dhabi’s Mubadala Unit To Develop Oil Field In Thailand

Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day.