Home World Europe


UAE And UK Plan Defence Partnership Around Typhoon

Prime Minister David Cameron’s visit to the country comes to an end as both parties discuss a strategic air defence relationship.

UK Prime Minister Cameron Visits The Gulf

David Cameron will visit the UAE, Saudi Arabia and another Middle Eastern country as he aims to secure orders for fighter jets.

Barclays Hit By Fresh US Investigations

The US Federal Energy Regulatory Commission may seek a $435 million civil penalty and roughly $35 million in disgorgement from the lender.

Qatar Airways CEO – UK Needs Airport Capacity To Avoid Catastrophe

Akbar Al Baker said London’s Heathrow airport has already reached a “critical point.”

BAE-EADS Merger Called Off

The two European aerospace giants cancelled their planned merger because of political impasse.

Cityscape: IP Global To Open New Middle Eastern Offices

The property investment firm is eyeing offices in Oman and Qatar after the region accounts for 18 per cent of London’s purchases.

Olympics Restores London’s Smile

After a difficult few years and low public morale, the greatest show on earth has returned London to its pinnacle status.

BAE, EADS Talks May Spur More Mergers

Britain’s BAE Systems and Airbus-owner EADS are in advanced merger talks to create a European powerhouse in aerospace, defence and security.

Dubai-EU Trade Volumes Flat In H1 2012

While imports remained constant, exports to the EU rose 15 per cent year-on-year during the first six months.

British Retailers Eye Middle East For Expansion

The MENA region ranks fifth most popular destination for international expansion, with UAE most popular country.

ME Investors Stack Up European Property

Regional investors accounted for 12 per cent of Europe’s real estate market in Q2 2012.

Barclays Appoints Jenkins To Fill Diamond’s Shoes

The banking group appoints a new chief executive to repair its damaged reputation following the Libor scandal.

Qatar-Barclays Payments Face Fraud Probe

Fees from Qatar Investment Authority paid to the British bank are being scrutinised by the UK’s Serious Fraud Office.

Arab Bank chairman quits over CEO dispute

Abdel Shoman, chairman of Jordan-based Arab Bank, reportedly resigned after a disagreement with key shareholders.

5 minutes with… Carsten Schaeffer, VP Lufthansa EMEA

A quick catch up with the regional boss of the Germany’s national carrier.

Standard Chartered Questions New York Action

New York’s top bank regulator has threatened to revoke the bank’s state licence over alleged Iran ties.

Standard Chartered May Lose NY Licence Over Iran Ties

New York’s top bank regulator has accused the UK-based bank of hiding $250 billion in transactions tied to Iran.

Olympics: Saudi Judo Athlete Allowed To Wear Hijab

Wojdan Shaherkani had refused to take part in the judo competition if she was not permitted to wear the hijab.

Oil Below $104 On Eurozone Fears

Oil fell on worries that Spain may be forced to seek a lifeline from international lenders.

Murdoch Resigns From News Corp Boards

The media mogul has stepped down from some of the company’s subsidiary boards that oversee its British titles.

Qataris Buy Stake In London Developer

The group, with links to the royal family, has bought a 45 per cent stake in Native Land which operates in London’s wealthy Chelsea.

IMF Cuts Global Growth Forecast

The Eurozone debt crisis is slowing down economies across the world, said the International Monetary Fund.

Gulf Deposits In Jersey Hit $33bn

The Gulf States account for 14 per cent of the total deposits in the island, according to official data.

Qatar Plans New Harrods Hotels

Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.

Arabtec Group Wins $2.9bn Deal

The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.

Top 10 Global Spenders In UAE

Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.

Saudi Women To Enter Olympics

Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.

Qatar Buys French Luxury Hotels

Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.

Brent Touches 17 Month Low

Oil prices briefly fell below $95 a barrel on Tuesday on Eurozone worries, but bounced back again.

World Markets Up On Greek Results

The pro-bailout party has won the elections in Greece, ensuring that the country stays within the Eurozone.