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Dubai’s DAE Ends Merger Talks With BBA

The companies were holding talks to merge certain parts of their businesses.

In France, A Tax-Free Property Empire Owned By Qatar

Around 40 properties in France are owned by Qataris, with total investment amounting to around $7.8 billion over the past decade, found Reuters.

EU Urges Diplomatic Efforts On Syria, “No Military Solution”

EU foreign ministers meet in Vilnius on Friday and Saturday to discuss the situation in Syria.

IFA 2013: Panasonic Launches First HDMI 2.0 TV; Sony Unveils Xperia Z1

Tech showcase acts as global launch pad for new products.

Emirates Starts Stockholm Services

Emirates will be looking to funnel Swedes onto its Asian, Indian and African network.

UAE’s Coffee Planet Secures European Partnership

The popular local brand will begin selling its coffee bags through 340 Jumbo supermarkets in the Netherlands.

Saudi Prince Buys 50% In Sheffield United

Prince Abdullah bin Mosaad bin Abdulaziz Al Saud has promised to invest substantial new capital into the club.

Microsoft Acquires Nokia’s Phone Business For $7.2bn

The transaction is expected to be completed in the first quarter of 2014.

Dubai Aerospace In Talks To Merge Assets With BBA Aviation

BBA was holding talks with its U.S. rival StandardAero over a $4.2 billion tie-up.

Saudi British Bank Plans Sukuk Sale

HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.

Dubai’s DFSA, EU Regulators Tie Up To Hike Investment Flows

The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.

Britain Operates Secret Monitoring Station In Middle East

The station is part of a $1.56 billion global eavesdropping project, say reports citing leaked documents from Edward Snowden.

Dubai Registered Lamborghinis Seized In London

Two Lamborghinis have been seized for being uninsured as London police use a rare Aventador to highlight awareness.

Bahrain’s Investcorp Sells Skrill Group For $800m

Skrill, an online payment system in Europe, was sold to funds advised by CVC Capital Partners.

Britain To Reopen Yemen Embassy On Sunday

The Foreign Office said on August 6 it had withdrawn all staff from the embassy due to a high threat of kidnapping.

Dubai’s Leeds Utd Owner Sells More Than Half Stake

GFH Capital offloaded a 10 per cent stake to Bahrain-based International Investment Bank earlier this year. It has now sold a total of more than half the shares.

Eurozone Out Of Recession – ME Still Stronger

The announcement papers over the economic cracks still seen on a country-by-country basis as Spain saw its economic output fall 0.1 per cent.

ME Vacationers Spend Dhs12,443 Per Head On London Hotel Stay

An average Middle Eastern traveller spends 71 per cent more on a hotel stay in London than the global average, finds survey.

UAE’s Abraaj and UK’s CDC Invest $17.5m In India’s Rainbow Hospitals

Rainbow Hospitals, a specialised maternity and paediatric healthcare chain, is based in Hyderabad, India.

France Debates Extending Headscarf Ban To Universities

France’s 2004 ban on headscarves in schools and 2010 ban on full face veils in public have alienated many of its five million Muslims.

Exclusive Interview: Rory Tapner, Coutts CEO

Rory Tapner, Coutts CEO, reveals how the UK’s most famous private bank is set on carving out a slice of the region’s rapidly growing wealth.

Kuwait’s Kout Buys British Roadside Dining Chain Little Chef For $23m

The Kuwaiti form bought Little Chef from private equity firm RCapital.

Iranians May Have Abducted Briton In Dubai -UK Government Source

Abbas Yazdi, a British-Iranian citizen, was reported missing on June 25.

BAE Sees Multi-Billion Dollar Saudi Jet Deal Agreed In Second Half

BAE has been locked in pricing negotiations with Saudi Arabia over the Gulf state’s order of 72 jets since 2007.

Pictures: Celebrations For The Birth Of UK’s Royal Baby Boy

The prince, third in line to the throne, was born to Kate and William on Monday.

UK’s Royal Baby Born: Duchess Gives Birth To Boy

Prince William and Catherine Middleton married in April 2011. This is their first child, becoming the third in line to the throne.

European Refiners Buy Emirati Oil To Cover Shortage

High prices on Europe-destined sour crude coupled with weak demand for sour crude in Asia has opened a price gap over the last month.

Qatar Plans To Buy 118 German Leopard Tanks

The tiny Gulf state also plans to buy 16 tank howitzers from equipment makers Krauss-Maffei Wegmann and Rheinmetall.

Oman’s Renaissance Sells Unit To UK Interserve For $46m

The UK group bought Topaz Oil and Gas to expand its growth in the Middle East.

Qatar, RWE In Initial Talks On DEA Unit

RWE said in March it was planning to offload DEA to slash capital spending and cut its multi-billion euro debts.