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Berlin forces up Emirates’ business fares
Berlin has forced Emirates to raise the prices of business class tickets on flights out Germany as concerns about the Middle East’s largest airline grow as it expands into continental Europe
Orascom to challenge $596m tax bill
Egyptian teleco says it will dispute an Algerian demand for $596.6m in back taxes and penalties against its subsidiary Orascom Telecom Algeria
GE prices Islamic corporate bond
GE has taken a move that will help open up a niche market to a broader non-Muslim investor base
Dubai’s air traffic defies downturn
Aviation has remained one of the city’s few upbeat sectors with traffic through the airport rising for five months
Emirates eyes $1bn profit next year
The Middle East’s biggest airline should make a $1bn profit next year, its chairman says, brushing aside the global aviation crisis that has seen rivals post record losses
Dubai air show deals starting to trickle in
The third day of the Dubai air show ends much as the first two did, with just a handful of extra order announcements from the main aircraft manufacturers, which organisers said brought the total value of air-show deals to $8.3bn
US military supplier accused of prices fraud
The US government charged the main food supplier to troops in Iraq – the recipient of more than $8.5bn (€5.7bn, £5.1bn) in contracts – with systematically overcharging for burgers, chicken and crustaceans, among other products
Sharjah companies set fair for recovery
Sharjah’s vibrant community of small and medium-sized businesses has found plenty of opportunities over the past decade but its close economic link with Dubai has proved less beneficial of late
Inflation rears its head again in Egypt
The country’s central bank has blamed the ‘transitory’ problem of rising fruit and vegetable prices caused by a poor harvest for a surge in the headline rate
Oil heavyweight ponders landscape
The head of the world’s most influential state oil company predicts demand will grow at a ‘reasonable pace’, increasing annually by perhaps 1m to 1.5m barrels per day from 2010
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