Home World Europe

Europe

Saudi Arabia To Buy German Patrol Boats

The Kingdom is expected to spend $2 billion on ships from a Bremen-based dockyard.

UAE’s Camelicious Given EU Export Licence

EICMP will become the first Middle Eastern producer to export camel milk-based products to Europe.

UAE’s Dana Gas Sells Part Of MOL Stake

Hungarian oil and gas group MOL’s shares were down 4.1 per cent on Friday, a five-week low.

Barclays’ Bosses Duck Qatar Questions

UK authorities have been investigating the bank’s fundraising from Qatar at the height of the 2008 financial crisis since July.

Qatar Steel Awards Siemens $38m Contract

Qatar Steel, a subsidiary of Industries Qatar, launched a $5.7 billion aluminium plant in December 2009.

Infiniti Red Bull Racing Unveil RB9

The world champions use a new livery in recognition of its new title partner.

Barclays Finance Director Lucas, Top Counsel To Retire

The British bank, battling with a series of scandals, has appointed headhunters to find suitable replacements.

High-Profile Islamic Finance Firm Dar Al Istithmar Closes

Most of its staff moved to Khalij Islamic, another investment firm with offices in London and Dubai, says sources.

Qatar To Invest $1.34bn In Greek SMEs

The Greek investment scheme is similar to a Qatari plan to invest in Italian companies.

Qatar Puts Hold On £3bn Chelsea Barracks Plan

The UK economy has given the Gulf state reasons to be concerned about the development.

Greek PM To Visit Qatar To Discuss Investment

The trip follows the withdrawal of Qatar last week from a multi-billion euro tender to develop Athens’ old airport.

Turkey’s E-Commerce Firms Set For Shakeout

According to a Deloitte report on e-commerce in Turkey, 17 merger and acquisition deals were closed last year.

Etihad Starting Amsterdam Flights

Abu Dhabi airline’s arrival in May will help boost Netherlands-UAE trade links, currently valued at $3.6 billion

France’s Hollande In UAE Visit For Total

The French President will meet Sheikh Khalifa bin Zayed al-Nahayan to help Total win a $10 billion deal.

Swatch Group 2012 Sales Up 14%

The group expects good results at operating profit and net income level when they’re released next month.

Gulf Airlines Battle For Polish Business

Gulf carriers are looking to capitalise on national carrier LOT’s precarious commercial situation, and others regionally

Dubai’s Just Falafel Plans 20 New UK Stores In 2013

The company has launched it’s first store outside the Middle East in London.

Airberlin CEO Steps Down

The German airline, in which Etihad has a 29 per cent stake, will now be headed by strategy chief Wolfgang Prock-Schauer.

Turkey To Talk To Qatar About LNG Plant

Turkey is planning to build an LNG terminal on the Gulf of Saros to meet increasing demand.

Britain’s BAE Wins $4.1bn Omani Contract

Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.

Emaar Signs $500m Deal For Turkey Project

Emaar Square will house over 1,000 luxury homes, a 180-bedroom five-star hotel and the largest shopping mall in Turkey.

Etihad Buys 70% In Air Berlin’s Loyalty Programme

The deal will generate $242.70 million in revenue for the German carrier.

Islamic Bank Of Britain Takeover Deadline Extended

Qatar’s Masraf Al Rayan will have until the new year to decide on a proposed takeover of the lender.

Manchester City Halve Losses After Title Win

The Abu Dhabi-funded club reports record revenue as Etihad-influenced commercial revenue doubles.

BP Allowed To Bid In Abu Dhabi Oil Concession

The British oil company was originally excluded from the process after not receiving a qualifying letter.

HSBC Slapped With $1.9 Billion Fine

HSBC Holdings will pay the biggest fine in banking history after violating US rules aimed at preventing money laundering.

Swiss Operator VistaJet Eyes Middle East

The luxury jet operator recently placed an order for 56 new planes worth $7.8 billion with Bombardier.

Emirates’ London Heathrow Flights All A380

Combined with daily Manchester A380 services, the world’s largest A380 carrier will be sending 360 flights to and from the UK each month

Qatar Holding And CDD To Invest In French SMEs

The two have signed a MOU that will pool $389 million of investment capital.

TAQA Buys BP’s UK Assets Worth $1.3bn

The deal comes weeks after British Prime Minister David Cameron’s visit to the UAE.