Emirates To Start A380 Mumbai Flights

The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities

UN, Qatar Condemn Gaza Killings, Call For Immediate Ceasefire

The 13-day bloodshed in the Middle East has cost more than 400 lives.

Emirates Boss Calls For Airlines Summit On “Outrageous” MH17 Attack

Tim Clark said domestic regulators may decide to be more involved in giving their carriers guidance on where it is safe to fly.

Middle East Visitors Spent $5.7m During FIFA World Cup In Brazil

Fans from the UAE, Saudi Arabia and Qatar made up 70 per cent of total Middle Eastern spend during the global tournament.

Freezones Boost GCC’s Push To Establish Business Hubs

As GCC economies seek to diversify away from oil, many countries are pursuing free zones as the solution.

Microsoft Plans To Cut Up To 18,000 Jobs

The company is reducing the size of its recent Nokia acquisition and trimming down other operations.

Airbus Eyes Middle East Order For Revamped A330 Jet

The planemaker closed the Farnborough Airshow with total orders and commitments for 496 aircraft, including 121 for the A330neo.

Airbus, Boeing Climb Close To $100bn In Airshow Deals

The biennial Farnborough Airshow has already outsold the 2012 show which saw $72 billion of orders and commitments.

Qatar Airways Finalises $19bn Boeing 777X Plane Deal

The Gulf carrier also said it had agreed purchase rights to buy a further 50 777X aircraft.

Samsung Faces Rising Pressure As Apple Readies iPhone 6

Research firm says the eight-month-old iPhone 5s outsold the Galaxy S5 in May, although Samsung’s flagship device was only released in late March.

Boeing, Air Lease In 26-Plane Order For 777-300ER, 737 MAX

The deal has a list price value of $3.9 billion.

Airbus Expects At Least 50 A330neo Orders, Aiming For Over 100

The A330neo is expected to have 25 per cent lower capital costs than Boeing’s rival 787 Dreamliner.

Middle East Investment Banking Fees Up 72% In Q2 2014

Investment banking fees in the region reached $237.9 million in the second quarter of this year, a new report finds.

Kuwait’s Zain Says Court Lifts Freeze On Zain Iraq Earnings

Zain’s Iraqi unit was sued by a local telecommunications firm over the $1.2 billion acquisition of rival operator Iraqna from Egypt’s Orascom Telecom in 2007.

FIFA World Cup Was Biggest Social Media Event Ever – Facebook

Up to 350 million users generated a record Facebook “conversation” with three billion posts, comments and likes.

Etihad To Start Daily San Francisco Flights

San Francisco becomes Etihad’s sixth US destination.

Citi To Pay $7bn To Settle Securities Investigation

The settlement, signed over the weekend, caps months of negotiations.

Airbus Unveils Revamp Of A330 Passenger Jet

The A330neo will have a range increase of up to 400 nautical miles, with room for up to 10 extra seats in the cabin.

UAE’s Abraaj Group Buys Stake In Tunisian Hospital

Abraaj’s investment will help increase patient capacity, add new services and ramp up human resource training in the hospital.

Aujan Coca-Cola Buys Majority Stake In Lebanon’s NBC

National Beverage Company (NBC) manufactures and distributes Coca-Cola, Pampa, and other products in Lebanon.

Private Banks Not First Choice For Wealthy – StanChart Report

The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.

Abraaj Investment Management Makes Bid Approach To Egypt’s Bisco Misr

The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.

Gulf Capital Invests $30m In GCC School Operator EKI

The investment is expected to help Evolvence Knowledge Investments Limited (EKI) to expand its offerings in the region.

Egypt Tries Crude Swaps To Import Crucial Foreign Oil

Egypt has been largely unable to buy crude oil in the international market for more than a year due to a domestic subsidy scheme.

Exclusive Interview: Frits Van Paasschen, Starwood CEO

Starwood’s global president and CEO plots the next phase of the hotel chain’s ambitious Middle Eastern expansion.

Shale Boom Confounds Forecasts As US Set To Pass Russia, Saudi Arabia

Forecasts for U.S. shale oil production vary from an increase of 7.5 million barrels per day by 2020 – almost doubling current domestic output of 8.5 bpd.

UAE Opens New Consulate In Toronto

The move is expected to boost trade and business ties between the UAE and Canada.

Qatar Cuts Stake In London Stock Exchange By A Third

Qatar sold the shares at 1,915 pence each as part of its portfolio management, a source said.

Etihad Signs Partnership With Philippine Airlines

The agreement covers codeshare flights, loyalty programmes, airport lounges and the coordination of airport operations.

India’s New Budget Targets Growth, Jobs

Finance Minister Arun Jaitley also raised limits on foreign investment in defence and insurance ventures to 49 per cent from 26 per cent.