(MENAFN) Etihad Airways plans to add new flights to India, and take a 24 percent stake in Jet Airways, according to Gulf News. Flights to Mumbai, New Delhi, Kochi, Bangalore, Chennai and Hyderabad will be doubled, from 7 flights a week to 14. James Hogan, President and Chief Executive Officer of Etihad Airways, said: "Subject to receiving regulatory approvals, we will continue to expand our Abu Dhabi"India operations and work with our growing stable of partners to accommodate strong growth and deliver much greater choice for travel to and from India."
(MENAFN) The property division of the Kuwaiti government has reached a USD2.8 billion deal buying a London real estate development, Arabian Business reported. London Bridge Holdings said: "This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre." The development is set in a new business community in a famous location. The site includes City Hall and the headquarters of the London Mayor, in addition to a sunken amphitheatre, offices, shops, restaurants, cafes and a pedestrianized area.
(MENAFN) Holders of Emirati, Omani and Qataris passports will be able to visit the UK for six month using an electronic visa waiver (EVW) staring next year, Arabian Business reported. The UK's Border Agency said that the EVW offers a free, fast and simple alternative to a visit visa. This will significantly lower the time needed for nationals to obtain a UK visa. "The Electronic Visa Waiver scheme is another example of how UK Visas and Immigration is innovating in order to serve the needs of its customers and ensure Britain succeeds in the global race," the British Home Secretary said.
(MENAFN) Qatar Airway's CEO said that the airline company could join Dubai-based Emirates Airline in a bid to increase its leverage when holding talks with aircraft manufacturers, Arabian Business reported. The CEO said: "Integration of Emirates and Qatar Airways will benefit this region and will make the two airlines even stronger than they are today." At the previous Dubai Airshow, Qatar Airways partnered with Emirates and ordered 50 Boeing 777-9Xs at a list value of USD18.9 billion, and Dubai's Emirates purchased 115 777-9Xs and 35 777-8Xs for USD55.6 billion.
(MENAFN) A global study Hay Group reveals that wages in the Middle East region are expected to increase by five percent in 2013, Arabian Business reported. The expected growth in salaries represents a slower figure than other emerging markets and the global average. The study performed shows that the salary increase this year will be 0.5 percent lower than the increase achieved last year. A consultant at Hay Group said: "This year's global forecast highlights a significant slowdown of pay rises into the New Year, as GDP growth in many parts of the world remains subdued."
(MENAFN) Saudi Arabia plans to convince Saudi investors to explore opportunities in Greece, which has strong economy and investment possibilities in tourism, real estate, foodstuff manufacturing, sustainable energy and agriculture, according to Arab News. Secretary-General of the Arab Hellenic Chamber of Commerce and Development Rashad Mabger called on Saudi business men to explore the opportunities in Greece during a meeting of 45 businessmen of both countries on Sunday. Mabger said the volume of trade between Greece and the Arab countries should be more than it is, as the current trade volume does not reflect the deep historic and political relations between them.
(MENAFN) Philips has provided Saudi Arabia with state-of-the-art medical devices and training to the local people to operate those equipment, according to Arab News. Diederik Zeven, vice president and general manager, Middle East and Turkey, Philips Healthcare, said that Saudi Arabia was one of the first countries in the world which installed Philips' devices even before their formal launch in the US. The new devices were distributed in Riyadh, Hafr Al-Baten and Dammam.