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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

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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

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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

Iran to transfer black boxes of crashed plane to Ukraine

The 737-800 Ukraine International Airlines jet crashed on January 8, killing all 176 people onboard

The Central Bank hub expands on invites to Kuwait, Morocco, Vietnam

The Switzerland-based body serves as a forum for policy makers to discuss global economic developments

Abu Dhabi’s Etihad Airways enters into agreement with UK’s easyJet

Customers can purchase tickets through the easyJet global website connecting the two airlines’ networks

UAE issues UK travel advisory

The Ministry of Foreign Affairs has issued an advisory in the wake of an increase in violence and knife crime

UK: Is the worst over as yet?

The UK has technically evaded recession but as uncertainty around Brexit looms large, the economy continues to trudge along

Dubai’s dnata to acquire remaining 50% shares in UK-based Alpha LSG

Alpha LSG has revenues of more than £290m, and employs 3,500 people in the UK

Dubai’s DFSA, Luxembourg financial regulator sign agreement

This cooperation is Dubai Financial Services Authority’s eighth fintech agreement

Damac chairman purchases Roberto Cavalli

Vision Investment Company, controlled by the Damac chairman, purchased the Italian fashion house in a deal reportedly valued at €160m

Al Maktoum Centre for Middle Eastern Studies to open at Trinity College Dublin

The new centre is designed to help promote Middle Eastern studies within Ireland and globally

“Sacred landmark” Notre-Dame Cathedral devastated by fire

UAE Minister of State for Foreign Affairs, Anwar Gargash, called the incident in Paris a “terrible tragedy”