Tuesday 24 May 2016
 
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Luxembourg

UAE Space Agency, Luxembourg discuss mutual co-operation

The UAE Space Agency discussed ways of bilateral co-operation and mutual collaboration with a delegation from the Grand Duchy of Luxembourg at the Agency’s headquarters in Abu Dhabi.   Dr Khalifa Mohammed A

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ADGM, Luxembourg for Finance in bilateral co-operation deal

The Abu Dhabi Global Market (ADGM) and Luxembourg for Finance (LFF) have signed a deal on bilateral co-operation, on the sidelines of the second meeting of the recently concluded UAE-Luxembourg Council for Islamic Cooperation. &nb

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German carrier Lufthansa eyes Luxair stake sale

Lufthansa is considering to sell its 13 per cent stake in Luxair and has been in touch with other shareholders, including the Luxembourg government, to discuss the matter. Lufthansa, which has held a 13 per cent stake in flag carr

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Luxembourg eyes sukuk bill before summer

Luxembourg hopes to adopt a bill before the summer holidays that would allow it to issue its first Islamic bond, with the AAA-rated sovereign opening the door to future sukuk issuance, a filing with the legislature said. The gover

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Gulf investors plan first euro zone Islamic bank

Private investors from Gulf countries, including a royal family from the UAE, plan to establish the first full-fledged Islamic bank headquartered in the euro zone, an executive said on Tuesday. The investors aim to launch the vent

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DCCC signs collateral management pact

Luxembourg-based Clearstream and Dubai Commodities Clearing Corporation (DCCC), the central counterparty (CCP) of the Dubai Gold & Commodities Exchange, have agreed to co-operate on collateral management for CCP margining. The

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Turkish Airlines adds 6 new destinations

Turkish Airlines will start operations to five new destinations this month, in addition to Al-Qassim in Saudi Arabia, to which it began services today. The other destinations are Marseille (France), Constanta (Romania), Tallinn (E

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New Iran sanctions not needed, says UK’s Hague

The European Union should focus on implementing its current sanctions against Iran over Tehran's nuclear programme rather than imposing new measures for the moment, Britain's Foreign Secretary William Hague said on Monday.

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Qatar Airways confirms Cargolux stake sale

  Qatar Airways has sold its entire 35 percent stake in freight-only airline Cargolux, the chief executive of Qatar Airways confirmed on Sunday.   "We sold our stake back to the Luxembourg auth

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Qatar Airways pulls out of Cargolux

Luxembourg said on Wednesday it had taken back a stake in freight-only airline Cargolux from Qatar Airways (QA) with the intention of selling it on soon. Luxembourg sold the 35 percent stake to Qatar Airways last year, and bought

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