Gulf Business http://gulfbusiness.com Thu, 31 Jul 2014 12:15:45 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.3 Lufthansa’s Profit Falls Short As Ticket Prices Dip http://gulfbusiness.com/2014/07/lufthansas-profit-falls-short-ticket-prices-dip/ http://gulfbusiness.com/2014/07/lufthansas-profit-falls-short-ticket-prices-dip/#comments Thu, 31 Jul 2014 11:45:16 +0000 http://gulfbusiness.com/?p=51942 Lufthansa's second-quarter operating profit was $480.9 million, far below the average forecast.

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Dubai’s Luxury Property Price Growth Slows Sharply In Q2 http://gulfbusiness.com/2014/07/dubais-luxury-property-price-growth-slows-sharply-q2/ http://gulfbusiness.com/2014/07/dubais-luxury-property-price-growth-slows-sharply-q2/#comments Thu, 31 Jul 2014 11:30:24 +0000 http://gulfbusiness.com/?p=51934 With 25 to 35 per cent of buyers in Dubai depending on mortgages, regulations that limit lending have been instrumental in easing the growth in luxury house prices.

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Oil Slips To $106 On Increased Supply, Low Demand http://gulfbusiness.com/2014/07/oil-slips-106-increased-supply-low-demand/ http://gulfbusiness.com/2014/07/oil-slips-106-increased-supply-low-demand/#comments Thu, 31 Jul 2014 11:22:08 +0000 http://gulfbusiness.com/?p=51930 Oil prices have eased after hitting multi-month highs in June because of political tensions in the Middle East, Africa and Europe.

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Rolls-Royce Says 2014 On Track, To Return To Growth Next Year http://gulfbusiness.com/2014/07/rolls-royce-says-2014-track-return-growth-next-year/ http://gulfbusiness.com/2014/07/rolls-royce-says-2014-track-return-growth-next-year/#comments Thu, 31 Jul 2014 10:48:31 +0000 http://gulfbusiness.com/?p=51921 Rolls-Royce alarmed markets in February by announcing there would be a pause in profit growth in 2014, thanks to declining U.S. and European military budgets.

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Stock News: UAE Markets Mixed, Investors Bet On Property http://gulfbusiness.com/2014/07/stock-news-uae-markets-mixed-investors-bet-property/ http://gulfbusiness.com/2014/07/stock-news-uae-markets-mixed-investors-bet-property/#comments Thu, 31 Jul 2014 08:00:01 +0000 http://gulfbusiness.com/?p=51908 The Dubai benchmark added 0.5 per cent in the first hour of trade with builder Arabtec rising 1.5 per cent.

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Law Required To Control Use Of Anti-Aircraft Weapons – IATA http://gulfbusiness.com/2014/07/law-required-control-use-anti-aircraft-weapons-iata/ http://gulfbusiness.com/2014/07/law-required-control-use-anti-aircraft-weapons-iata/#comments Thu, 31 Jul 2014 07:33:33 +0000 http://gulfbusiness.com/?p=51892 The global aviation industry has called for controls on the design, manufacture and deployment of anti-aircraft weapons following the MH17 tragedy.

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Bollywood Star Shah Rukh Khan Backs Dhs2.3bn Real Estate Project In Dubai http://gulfbusiness.com/2014/07/bollywood-star-shah-rukh-khan-backs-dhs2-3bn-real-estate-project-dubai/ http://gulfbusiness.com/2014/07/bollywood-star-shah-rukh-khan-backs-dhs2-3bn-real-estate-project-dubai/#comments Thu, 31 Jul 2014 07:10:38 +0000 http://gulfbusiness.com/?p=51889 The Royal Estate project, which was stalled in 2008, was relaunched this year as a joint venture between developers Aristocratic Star, PAL Developments and Pacific Ventures.

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Property Developer Damac Looks To List Shares On Dubai Bourse http://gulfbusiness.com/2014/07/property-developer-damac-looks-list-shares-dubai-bourse/ http://gulfbusiness.com/2014/07/property-developer-damac-looks-list-shares-dubai-bourse/#comments Thu, 31 Jul 2014 06:35:26 +0000 http://gulfbusiness.com/?p=51881 The developer is offering its investors an option to convert its Global Depositary Receipts (GDRs), listed on the London bourse into ordinary shares that would be listed on Dubai's stock market.

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UN Says ‘Enough Is Enough’ After Another Gaza School Attack http://gulfbusiness.com/2014/07/un-says-enough-enough-another-gaza-school-attack/ http://gulfbusiness.com/2014/07/un-says-enough-enough-another-gaza-school-attack/#comments Thu, 31 Jul 2014 04:44:49 +0000 http://gulfbusiness.com/?p=51870 At least 16 people were killed and some 100 wounded when an Israeli artillery struck a U.N. school at dawn on Wednesday in Gaza's biggest refugee camp.

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Air Algerie Jet Plunged Rapidly From Altitude Before Crash -Official http://gulfbusiness.com/2014/07/air-algerie-jet-plunged-rapidly-altitude-crash-official/ http://gulfbusiness.com/2014/07/air-algerie-jet-plunged-rapidly-altitude-crash-official/#comments Thu, 31 Jul 2014 04:27:27 +0000 http://gulfbusiness.com/?p=51867 The aircraft fell from an altitude of 10,000 metres to zero in about three minutes, a steep fall given the size of the plane.

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OPEC Oil Output Rises In July On Fragile Libyan Rebound http://gulfbusiness.com/2014/07/opec-oil-output-rises-july-fragile-libyan-rebound/ http://gulfbusiness.com/2014/07/opec-oil-output-rises-july-fragile-libyan-rebound/#comments Wed, 30 Jul 2014 12:34:40 +0000 http://gulfbusiness.com/?p=51860 Supply from the Organization of the Petroleum Exporting Countries has averaged 30.06 million barrels per day (bpd) in July, up from 29.92 million bpd in June, a survey says.

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Alitalia To Present Final Proposal To Etihad On Thursday http://gulfbusiness.com/2014/07/alitalia-present-final-proposal-etihad-thursday/ http://gulfbusiness.com/2014/07/alitalia-present-final-proposal-etihad-thursday/#comments Wed, 30 Jul 2014 12:29:06 +0000 http://gulfbusiness.com/?p=51855 Etihad's plans to take a 49 per cent stake in the Italian carrier has been held up by disagreements over Alitalia's debt pile and plans for job cuts that have stoked outrage among Italian unions.

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France Says Evacuating Nationals In Libya http://gulfbusiness.com/2014/07/france-says-evacuating-ationals-libya/ http://gulfbusiness.com/2014/07/france-says-evacuating-ationals-libya/#comments Wed, 30 Jul 2014 11:31:53 +0000 http://gulfbusiness.com/?p=51852 The French embassy in Tripoli has temporarily closed, the foreign ministry said, adding that diplomatic activities would continue to be conducted from Paris for now.

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Carnage At U.N. School As Israel Pounds Gaza Refugee Camp http://gulfbusiness.com/2014/07/carnage-u-n-school-israel-pounds-gaza-refugee-camp/ http://gulfbusiness.com/2014/07/carnage-u-n-school-israel-pounds-gaza-refugee-camp/#comments Wed, 30 Jul 2014 11:00:25 +0000 http://gulfbusiness.com/?p=51847 The Gaza Health Ministry put the number of dead in the attack at 15 after a local UNRWA official said 19 had been killed.

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India’s Capital Gains Tax Levy To Affect Dubai’s Property Market http://gulfbusiness.com/2014/07/indias-capital-gains-tax-levy-affect-dubais-property-market/ http://gulfbusiness.com/2014/07/indias-capital-gains-tax-levy-affect-dubais-property-market/#comments Wed, 30 Jul 2014 10:16:50 +0000 http://gulfbusiness.com/?p=51833 The revival of the capital gains tax on Indians buying property overseas could have a knock on effect on Dubai’s residential property market, according to a real estate consultancy.

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Twitter Assuages Growth Concerns For Now As Shares Soar 35% http://gulfbusiness.com/2014/07/twitter-assuages-growth-concerns-now-shares-soar-35/ http://gulfbusiness.com/2014/07/twitter-assuages-growth-concerns-now-shares-soar-35/#comments Wed, 30 Jul 2014 10:12:21 +0000 http://gulfbusiness.com/?p=51843 Twitter reported a 124 per cent jump in quarterly revenue to $312 million, beating expectations for $283.1 million.

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UAE Residents Feel Tremors From Earthquake Off Iran Coast http://gulfbusiness.com/2014/07/uae-feels-tremors-earthquake-iran-coast/ http://gulfbusiness.com/2014/07/uae-feels-tremors-earthquake-iran-coast/#comments Wed, 30 Jul 2014 09:18:07 +0000 http://gulfbusiness.com/?p=51837 Earthquake measuring 5.5 on Richter scale took place in Iran while tremors were felt in Abu Dhabi and Northern parts of the UAE.

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Three Killed In Car Bomb In Cairo -Egyptian State-Run TV http://gulfbusiness.com/2014/07/three-killed-car-bomb-cairo-egyptian-state-run-tv/ http://gulfbusiness.com/2014/07/three-killed-car-bomb-cairo-egyptian-state-run-tv/#comments Wed, 30 Jul 2014 07:46:57 +0000 http://gulfbusiness.com/?p=51831 A police official was quoted as saying that those killed in the blast were likely to have been on their way to carry out a "terrorist operation".

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Boeing Forecasts Higher Demand For Pilots As Airplane Deliveries Rise http://gulfbusiness.com/2014/07/boeing-forecasts-higher-demand-pilots-airplane-deliveries-rise/ http://gulfbusiness.com/2014/07/boeing-forecasts-higher-demand-pilots-airplane-deliveries-rise/#comments Wed, 30 Jul 2014 05:14:12 +0000 http://gulfbusiness.com/?p=51828 The planemaker has projected a need for 27,000 new pilots and 29,000 new technicians annually, as per its latest report.

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Volkswagen Closes In On Toyota As Global Auto Leader http://gulfbusiness.com/2014/07/volkswagen-closes-toyota-global-auto-leader/ http://gulfbusiness.com/2014/07/volkswagen-closes-toyota-global-auto-leader/#comments Wed, 30 Jul 2014 05:08:35 +0000 http://gulfbusiness.com/?p=51823 The Volkswagen group sold 4.97 million vehicles in January-June, up 5.9 per cent from the same period a year ago, excluding figures from truck makers Scania and MAN.

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