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Emirates’ Decision To Cancel A350 Order Will Be A “Blow” For Airbus

The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.

Airbus Says Emirates Cancels Order For 70 A350 Planes

Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.

Alitalia Needs A Few Weeks To Close Etihad Deal – CEO

Gabriele del Torchio said Etihad was proposing to invest up to 560 million euros in Alitalia.

Alitalia CEO Says Job Cuts From Etihad Tie-Up To Number 2,200

Alitalia and Etihad have been in talks since December, but a deal has so far proved elusive.

Qatari-Backed Plan To Redevelop London Site Gets Go-Ahead

The start of building had been delayed after the government intervened to consider how the project would affect views of the Houses of Parliament and Big Ben.

Nakheel Partners German Firm To Launch New Dubai Real Estate Company

The Dubai developer has joined hands with Germany-based real estate brokerage company Engel and Völkers (E&V).

Emirates To Start A380 Frankfurt Services

One of the airline’s three daily services to be upgraded to A380s from September, complementing double-decker A380 flights into Munich

Barclays Cuts Several Hundred Investment Bank Jobs

The cuts will mostly be in the fixed income, currencies and commodities (FICC) trading and markets businesses, according to sources.

Park Hyatt Vienna Set To Open

Hyatt’s first hotel in Austria is located in a 100-year-old building on the Am Hof square

Etihad Launches Daily Zurich Flights

Daily services on A330-300 aircraft will be supported by Etihad Regional’s traffic growth

Air Serbia Passengers Rise On Etihad’s Connectivity

Revenues rise 47 per cent on back of Etihad Airways’ global connectivity, growing codeshare partners and introduction of three Airbus aircraft

Qatar Airways Launches Edinburgh Flights

Scottish passengers and companies now have better access to Asian and Australasian markets

Qatar’s RasGas Signs Deal With E.ON To Supply LNG To The UK

The three-year contract has the potential to supply up to around two billion cubic meters over its term.

Roberto Cavalli Approaches Bahrain’s Investcorp For Possible Investment

Founder-owned fashion firm Cavalli has for some time been looking for a partner or a buyer to bring in new funds.

Emirates Eyes A380 Vienna Services

If previous ‘one offs’ are an indicator, it may not be long before Austrian travellers fly on the airline’s A380s regularly.

Etihad-Owned Air Berlin Considers Splitting In Two

Air Berlin could be divided into a unit that offers traditional scheduled flights and another that flies to tourist destinations.

UAE Businessman BR Shetty Buys Forex Firm Travelex

Dr. Shetty is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.

Qatar Fund Commits $2bn Investment To Russia

The amount will be allocated via joint investments with state-backed private equity fund the Russian Direct Investment Fund.

Emirates Could Buy More A380s If Airbus Revamps Jet – Executive

The carrier placed a surprise order for 50 more of the jumbo jets during the Dubai air show in November.

Airbus Chief Says A380 To Match Boeing’s Latest Jet 777X

Airbus plans to decide later this year whether to upgrade the wide-body jet with new engines.

Qatar To Help Deutsche Bank Raise $11bn In New Equity Capital

The capital measures will increase the bank’s Common Equity Tier 1 ratio and help the German lender expand its investment banking business.

Asking Prices For British Homes Hit Highest On Record In May

Asking prices rose 3.6 per cent in the four weeks to May 10 to an average of $456,900.

Qatar To Take Deutsche Bank Stake As Part Of Cap Increase

Germany’s flagship lender is preparing a multi-billion euro capital increase.

Saudi Arabia May Curb Trade Ties With Netherlands Over Anti-Islam Slogans

Stickers printed by far-right politician Geert Wilders display anti-Islam slogans.

French Investment Bank Natixis Plans Middle East Hiring Spree

Natixis currently has around 40 staff in Dubai, as well as a small representative office in Egypt.

Qatar Airways Launches London Business Class and Hofuf Flights

Doha carrier identifies gap for focused premium product on highly competitive route

Qatar’s Katara Hospitality Inks Deal With Starwood To Operate Milan Hotel

Katara-owned Excelsior Hotel Gallia will be a part of Starwood’s Luxury Collection portfolio, making it the brand’s seventh hotel in Italy.

Dubai Agrees $1.7bn Sale Of German Packaging Firm Mauser

Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan’s buyout unit in 2007, in a deal which valued the firm at 850 million euros.

UK Fraud Office Steps Up Probe Into Barclays Over Qatar

The Financial Times said this was an acceleration of the SFO’s probe into allegedly corrupt arrangements with Qatar as part of the bank’s emergency cash call in 2008.

UAE’s Just Falafel To Open 57 New Outlets In Europe

The stores, located in Europe’s Benelux region, will be operated by Wadi Degla Holding.