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The Foreign Office said on August 6 it had withdrawn all staff from the embassy due to a high threat of kidnapping.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

Fire Damages Qatari-Owned Historic Paris Hotel

The damage came as workers were putting final touches to a renovation by the owner, a brother of Hamad bin Khalifa al-Thani, the former emir of Qatar.

London Remains Safe Haven For Middle East Property Investors

However, GCC investors are looking beyond traditional luxury hotspots such as Mayfair and Knightsbridge.

Etihad Nears Deal To Invest In JAT Airways

Last month the Abu Dhabi carrier and JAT signed a preliminary agreement over a possible equity investment.

Saudi Arabia Calls On EU To Arm Syrian Rebels

The European Union lifted restrictions on arming the rebels in May. Britain and France said they would not send weapons before August 1.

Telecom Italia Denies Report On Qatari Talks

Reports suggested that telecoms operator was in talks with Qatari funds to sell a stake in its fixed-line business.

Kuwait Fund Says More Than Doubled UK Investment In Past 10 Years

Kuwait Investment Authority, which has around $342 billion assets under management, has increased investment in Britain to over $24 billion.

Qatar Airways To Operate Dreamliners To Scandinavia

The Doha-based airline will operate the Boeing 787 on services to the capital cities of Sweden, Denmark and Norway.

France and Qatar Launch New $394m Fund To Invest In French SMEs

Qatar had earlier planned to invest 50 million euros into businesses in French suburbs.