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Business United Arab Emirates

  • VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.

  • *Nifty futures on Singapore Exchange. *India's capital markets regulator on Saturday permitted loss-making listed firms to raise funds by selling shares, making it easier for such firms to meet their capital needs.

  • *Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.

  • LONDON, Oct 8- Etihad Airways, Abu Dhabi's flag carrier, will announce a code share agreement with Air France-KLM on Monday, the Financial Times reported. The deal will not include an equity stake and signals a thawing of relations between Europe's flag carriers and the younger Gulf airlines, the FT said.

  • SINGAPORE, Oct 8- U.S. crude eased towards $89 a barrel on Monday, as concerns over the global economy and Europe's debt crisis offset support from an unexpected drop in U.S. unemployment.

  • DUBAI, Oct 7- Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency.

  • ABU DHABI, Oct 7- Etihad Airways, Abu Dhabi's flag carrier which has expanded globally through stake purchases in firms like Air Berlin and Virgin Australia, will look to extend its geographical reach to India and other Asian markets.

  • *Flight was on the way to Darfur. KHARTOUM, Oct 7- A Sudanese military plane carrying personnel and equipment to the strife-torn Darfur region crashed near the capital Khartoum on Sunday killing 13 people on board, the army said. The Antonov 12 transport plane was travelling to El Fasher in northern Darfur, military spokesman Al-Sawarmi Khalid told Reuters.

  • DUBAI, Oct 7- Kuwait's Burgan Bank, which recently bought the Turkish arm of EFG Eurobank, is planning to buy a quarter stake in Malta- based trade finance specialist Fimbank, Burgan said in a statement on Sunday. "The acquisition is conditional on signing the final agreement with Fimbank and approval from relevant authorities in Malta," Burgan said.

  • DUBAI, Oct 7- Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency, Iranian media reported.

  • DUBAI, Oct 7- Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency, Iranian media reported.

  • DUBAI, Oct 7- Saudi Arabia's Kingdom Holding, the investment vehicle of Prince Alwaleed bin Talal, is planning to raise up to $500 million from a syndicated loan, with the proceeds largely to refinance existing debt, three banking sources said.

  • DUBAI, Oct 7- Iran's parliament voted on Sunday to suspend plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency, Iranian media reported.

  • DUBAI, Oct 7- Iran's parliament voted on Sunday to suspend plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency, Iranian media reported.

  • *Assets to be sold in Qatar and Egypt. DOHA/ DUBAI, Oct 7- Barwa Real Estate plans to sell assets worth 16 billion riyals in Qatar and Egypt to pay down loans, the Qatari property firm said on Sunday. The assets being sold include land in the Gulf Arab state as well as the Barwa New Cairo project in Egypt.

  • *Deal gives Qtel more control over Algeria, Tunisia subsidiaries. to 92.1 percent, giving an instant boost to its bottom line and more control of subsidiaries in the high growth markets of Algeria and Tunisia.

  • DUBAI, United Arab Emirates-- Qatar Telecom says it is paying $1.8 billion to substantially boost its stake in Kuwaiti telecommunications operator Wataniya. Qatar Telecom, or Qtel, didn't say who sold the shares. It has more than 83 million customers in the Middle East, North Africa and Asia.

  • DUBAI, Oct 7- Arqaam Capital, a Dubai- based emerging market investment bank, has agreed to buy a financial services firm in Libya to tap into economic growth as the country rebuilds after its civil war.

  • DUBAI, Oct 7- Barwa Real Estate plans to sell assets worth 16 billion riyals in Qatar and Egypt to pay down loans, the Qatari property firm said on Sunday. The assets being sold include land in the Gulf Arab state as well as Barwa New Cairo project in Egypt.

  • DUBAI, United Arab Emirates-- Gulf carrier Etihad Airways said Sunday a jump in passenger numbers flying aboard its fast-growing fleet drove third-quarter sales 19 percent higher to $1.3 billion. Like regional rivals Emirates and Qatar Airways, the airline is rapidly expanding its network, increasing the amount of cash it takes in.