Monday 29 December 2014
 
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Italy

Qatar group acquires five-star hotel in Italy

Qatar-based Al Rayyan Tourism and Investment (Artic) said it has acquired Boscolo Aleph Hotel, a luxury five-star property located in the centre of Rome, Italy. Artic is the international hospitality subsidiary of Al Faisal Holdin

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Italy's Veneto region signs deal to boost bilateral trade

A high-powered delegation from the Italian Ministry of Tourism and Trade recently signed a memorandum of understanding (MOU) with Dubai FDI, the investment promotion agency of Dubai Economic Department (DED), to boost industrial and trade ties b

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Daimler buys stake in Italian motorcycle maker

Daimler AG has annoucned plans to buy 25 per cent of Italian motorcycle maker MV Agusta - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety. Buying into Agusta giv

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Prada to open fewer stores as profit falls

Italian luxury goods group Prada said it will be opening fewer stores than previously planned this year after reporting a 21 per cent fall in its first-half net profit. The company said it did not see significant improvements in t

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Etihad seals deal to buy 49pc stake in Alitalia

Abu Dhabi-based Etihad Airways will buy almost half of Alitalia and pour 560 million euros ($751 million) into the loss-making Italian flag carrier in a turnaround effort that will involve heavy job losses, under a long-delayed deal signed on Fr

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Etihad set to seal Alitalia investment deal

Loss-making Italian airline Alitalia will seal its tie-up with Gulf carrier Etihad on Friday, the government said, a deal that comes as the country's flagship airline was on the brink of bankruptcy and that protects more than 10,000 jobs.

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Etihad eyes Poste Italiane tie-up says report

Abu Dhabi's Etihad and Italy's post office operator Poste Italiane are preparing a partnership after the Gulf airline makes a planned investment in Italy's troubled flag-carrier Alitalia, a person close to the matter said.

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Italy rescues 4,000 migrants; 19 killed

Nineteen people died trying to reach Italy on a boat packed with hundreds of migrants, probably poisoned by carbon monoxide fumes from its engines, said the Italian Navy on Saturday, which has rescued more than 4,000 migrants in the last three d

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ArcelorMittal mulls bid for Italian steel giant

ArcelorMittal, the world's biggest steelmaker, is considering making an offer later this month for Italy's second largest steel producer Lucchini, according to Italian union CGIL FIOM. Lucchini, formerly owned by Russia

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Italian bank UniCredit plans 2,400 job cuts

Italy's UniCredit has reached a deal with unions to cut 2,400 jobs, the sector's main union FABI said, in the first stage of workforce reductions foreseen in the bank's 2013-18 restructuring plan. The country's big

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