Home World Europe

Europe

Dubai’s Emirates ramps up A380 flights; adds services to UK and Russia

Emirates is expanding its services to the UK following the establishment of UK-UAE air corridor

Multiple shots fired at Saudi embassy in Netherlands

No injuries were reported

Turkey: Search, rescue work continues after earthquake

Rescuers seek survivors as Aegean earthquake toll rises

President Recep Tayyip Erdogan said at least 37 people were killed while 885 were injured

UAE joins Global Ocean Alliance to achieve 30by30 conservation target

The UAE is the first Middle Eastern country to endorse the target

British Business Group

Lessons learnt: How Covid-19 has impacted the British business ecosystem in the UAE

Gulf Business speaks to John Martin St. Valery, chairman of the British Business Group for Dubai and the Northern Emirates, on coping with the crisis, impact of Brexit and plans ahead

Boeing Max judged safe to fly by Europe’s aviation regulator

The Max was grounded in March 2019 in the wake of two accidents that took 346 lives

Abu Dhabi’s Mubadala invests $235m in Germany’s Evotec

The funds will be invested in the upscaling of biologics strategy, data-driven precision medicine processes, and multimodality drug discovery and development platforms, among others

Abu Dhabi’s IHC invests in DNA sequencing tech pioneer Oxford Nanopore

The funds will support Oxford Nanopore as it scales up its rapid Covid-19 testing capability

ECB takes major step toward introducing a digital Euro

A central-bank digital currency would allow euro-area residents to place deposits with the ECB directly

Rolls-Royce preparing announcement on equity issuance

The British maker of aircraft engines said last month it intends to raise as much as GBP2.5bn

Saudi Arabia floats plan to delay G20 summit until December

A spokesman for the Saudis’ G20 secretariat said that Italy will be taking over the presidency as planned at the start of December

FIVE Hotels & Resorts to open new destination in Europe

The brand intends to revive the prestigious history of Zurich’s Atlantis hotel

BMW records first quarterly loss since 2009 on virus impact

BMW shares have lost more than a fifth this year

Dubai’s Emirates’ A380s take to the skies

The carrier resumes A380 flights to London and Paris, and announces A380 services to Amsterdam

Coronavirus pandemic drags global M&A to lowest level since 2012

Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012

Google Apple

Google paying billions to Apple to remain default search engine in Safari

Google reportedly pays approximately $1.5bn every year to Apple to remain as its default search engine in mobile Safari in the UK alone

Japan’s SMBC Nikko to open branches in Paris, Abu Dhabi

SMBC Nikko’s overseas operations earned $143m before taxes in the year ended March

UK visa services resume in UAE, Saudi, among other GCC countries

Optional Priority visas, super priority visas, and walk-in services will not be offered initially

British Airways to resume London-Dubai flights on alternate days from July 17

Starting from August 1, the flights in both directions will operate daily

Goldman banker moving from Dubai to London in latest change to Mideast lineup

Fabrice Francois will join Goldman’s mid-market advisory franchise, known as the cross markets group

Ralf Brandstätter volkswagen

Ralf Brandstätter appointed as Volkswagen brand CEO

He previously occupied the position of COO of Volkswagen Passenger Cars

Deutsche Bank’s head of EMEA to exit the company

Ashok Aram, who also heads the firm’s international private and commercial bank operations, is departing for personal reasons

aston-martin-dbs-superleggera-4

Aston Martin appoints SentinelOne as official cybersecurity partner

The cybersecurity firm’s endpoint protection platform will help secure the carmaker’s manufacturing, headquarters, supply chain, and field offices

Abu Dhabi’s main refinery makes China sales push after servicing

Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel

French hotel group Accor launches fund to assist employees

Accor confirmed that it currently has more than $2.7bn in cash on hand and an undrawn revolving credit facility of $1.3bn

Austria’s OMV mulls additional 39% stake in Borealis from Abu Dhabi’s Mubadala

The acquisition would increase OMV’s holding in Borealis to 75 per cent, while Mubadala would maintain a 25 per cent stake

Italian investor seeks partner to bid for troubled NMC Health

GKSD Investment Holding SA approached Abu Dhabi’s Mubadala Investment Co. about becoming an equity partner

NMC Healthcare

Hospital operator NMC Health asks lenders for leniency

NMC’s shares have been in free-fall since a December report by Muddy Waters Capital LLC

Wizz Air Abu Dhabi to launch in H2 2020

The low-cost carrier will focus on establishing routes to markets in which Wizz Air has existing, high growth operations

Dubai’s Operation Falalel to expand to New York, London, Paris

The restaurant brand expects to roll out its first unit in New York by Q2 2020