Gulf’s International Schools Whip Up $6bn In Fees

The UAE had 439 international schools in the second quarter of 2014- the highest number of international schools in the region- up from 433 in the first quarter.

UAE’s Al Noor Profit Jumps On Outpatient Treatments

Net profit rose to $44.5 million on revenue up 25 per cent to $224.8 million, the company said.

UAE Warns Citizens To Avoid Travel To Afghanistan, South Sudan, Somalia

The ministry of foreign affairs issued the warning citing security concerns in the three countries.

UAE’s RAK Ceramics Posts Dhs150m H1 Net Profit

Total revenues generated during the first half of this year declined by 4.4 per cent to reach Dhs1.66 billion compared to the same period last year, the company said.

Dubai Tram Launches Trial Operations

The tramway project is slated to officially launch in November this year.

Omantel Posts Flat Q2 Profit, Beats Estimates

Omantel made a net profit of OMR31.5 million ($81.8 million) in the three months to June 30, against OMR31.4 million in the year-earlier period.

Kuwait Revokes Citizenship Of 10 More People

The cabinet said in a statement that it had reviewed data related to the naturalisation of the 10 and found they were ineligible for Kuwaiti citizenship.

Kuwait’s Americana Q2 Net Profit Rises 8.7%

Americana, 67 per cent owned by the Kharafi family, may be sold, according to reports.

Etihad Cargo To Launch Services To Moscow

The freighter business of Abu Dhabi carrier Etihad will operate twice weekly services to the Russian capital from August 13.

UAE Online Job Postings Surge 26% Annually In July

The banking and finance sector saw the largest year-on-year growth in online job postings in July, according to Monster.com.

VPS Healthcare To Open Cancer Research Centres In Dubai, Abu Dhabi

UAE–based VPS has partnered with Korea’s SSMH to establish cancer screening and treatment facilities across the country.

Egypt, Saudis Seek United Front Against Militant Islam

Saudi Arabia and Egypt see the recent success of militants in Iraq as a threat to their stability and undermining security in the region.

Qatar’s Tasweeq Offers First Ultra Low Sulphur Diesel Cargo

The ultra low sulphur diesel cargo could eventually displace the high sulphur gasoil the company offers in the spot market.

Oman Air Appoints New CEO

Paul Gregorowitsch joins Oman Air after a stint as a management board member in German carrier Air Berlin.

Emirates Flight Faces Engine Fire While Landing In Boston

The fire was quickly put out and all 349 passengers and 19 crew safely disembarked at the airport.

UAE Free Of Ebola Virus, Declares Health Ministry

A senior health official said that the precautionary measures taken by the UAE to prevent Ebola infections are sufficient.

Bahrain’s Al Baraka Bank Posts 3.8% Rise In Q2 Net Profit

The bank made a net attributable profit of $43.8 million for the three months to June 30, it said in a statement.

Industries Qatar Q2 Profit Falls 38%

The Gulf’s second-largest chemical producer by market value made a net profit of QAR1.25 billion in the three-month period.

Sheikh Mohammed’s Social Media Followers Cross Six Million Mark

Dubai ruler’s Twitter followers crossed three million while his Facebook fans amounted to two million along with a million followers in both Instagram and Google+.

Kuwait’s KIPCO Rejects $3.2bn Offer For Pay-TV Unit OSN

The offer from a US firm comprised $2.4 billion in cash and a further $800 million subject to certain conditions.

Germany’s Doner Kebab To Invest Dhs20m In Dubai Expansion

The company is also building a factory in Dubai to keep pace with its growth plans in the region.

Dubai’s Emicool Gets $245m Financing For Expansion

Emicool, a venture between Dubai Investments and Union Properties, plans to expand into Saudi and Qatar in coming years.

UAE-Based ACC Wins Construction Contract For Emaar Square In Jeddah

Hand-over of the first offices to customers in Emaar Square, a commercial development in Jeddah, is scheduled for 2016.

Kuwait’s Agility Q2 Net Profit Rises 12.2%

Agility made a net profit of KD12.9 million ($45.54 million) in the three months to June 30.

Saudi PetroRabigh Says Restarting Units After Saturday Shutdown

The disruption will cause PetroRabigh’s third-quarter profit to fall by nearly SAR30 million ($8 million), the company said.

Saudi Man, Suspected Of Dying From Ebola, Tests Negative For Virus

The Saudi citizen, who displayed symptoms of the virus, died last week after returning from a business trip to Sierra Leone.

Dubai’s Drake & Scull Q2 Net Profit Drops 41%

The company made a profit of Dhs25.88 million ($7.05 million) in the three months to June 30.

UAE’s Air Arabia Q2 Net Profit More Than Doubles

The airline said its second quarter net profit amounted to Dhs173 million ($47.1 million), up from Dhs76 million in the corresponding period in 2013.

Alitalia Secures Rescue With Long-Awaited Etihad Deal

In addition to Etihad’s investment, which will pay for a 49 per cent stake in the Italian carrier, shareholders also agreed to a 300 million euro capital hike.

Bahrain Bans Three Clerics From Preaching; Opposition Condemns Move

Bahrain has forbidden Sheikh Kamel al-Hashemi, Adel al-Hamad and Mohammed al-Mansi to preach in and around the capital Manama.