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Money Matters by BLOMINVEST Bank

by Executive Staff

Regional stock market indices Regional currency rates Qatar Airways orders 24 Airbus jets at a cost of $1.9 billion Qatar Airways captured the spotlight during the Paris Air Show by placing a $1.9 billion order to buy 24 single-aisle Airbus jets. The aircraft are to be delivered in 2010 and will be equipped with advanced technological aviation systems. It is worth noting that Qatar Airways already operates 19 Airbus single-aisle A320 family aircraft and is one of Airbus’s major customers in the Gulf. Moreover, the fast growing Doha-based carrier will launch a low-cost airline in the region as a strategy to compete with regional budget carriers that are gaining on Qatar Airways’ market share. Al Futtaim’s $2 billion Moroccan property project Al Futtaim Capital, the investment arm of Al Futtaim Group, is planning to develop a mega real estate project in Morocco. The project will be Al Futtaim’s third large-scale

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