Banking & Finance Qatar Airways suffers setback in feud with Airbus A British judge has denied a bid by Qatar Airways to reinstate a jet contractcancelled by Europe’s Airbus in the latest twist to a dramatic feud playing out in UK courts. The companies have been locked in a safety dispute for months on Europe’s A350 long-haul jet. Their unprecedented bust-up widened in January when Airbus revoked a separate deal for […] April 29, 2022
Tourism Airbus wins backing for 2024 jet output European planemaker Airbus looks set to raise narrowbody jetliner production for 2024 after reaching a compromise deal with at least two suppliers following months of wrangling over the speed of post-pandemic recovery. The world’s largest planemaker is restoring and slightly expanding pre-pandemic output for best-selling models as traffic rebounds in the West, but has been […] April 29, 2022
Real Estate Qatar Holding launches tender bid on Italy’s Coima Res Evergreen, controlled by Qatar Holding, said on Thursday it had launched a voluntary tender and exchange offer on the whole share capital of real estate company Coima Res at 10 euros ($10.50) per share. The offer, which aims at clinching acceptances equal to at least 95% of Coima Res and delisting the Italian company, comes […] April 29, 2022
Banking & Finance ADQ buys stakes worth $1.85bn in Egyptian firms Abu Dhabi’s state holding company ADQ bought shares worth $1.85 billion in five publicly traded Egyptian companies in April, helping Egypt after the Ukraine crisis prompted foreign investors to flee. Egypt has been on the hunt for foreign exchange since Russia’s invasion of Ukraine prompted investors to pull billions of dollars out of its treasury […] April 28, 2022
Markets Oil drives rise in Gulf stock markets Major Gulf bourses closed higher on Wednesday, with a rise in oil prices driving the Saudi index up more than one per cent, while geopolitical tensions weighed on sentiment in Egypt. Oil prices rose 1.4 per cent on a drop in US oil inventories and concern over tighter supplies from Russia and Libya. Saudi Arabia’s […] April 20, 2022
