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.

Turkey’s Erdogan Wins Presidential Poll

Erodgan won the first popular presidential election after winning just over half the votes.

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.

Turks Vote For President As Erdogan Envisages “New Turkey”

Opinion polls put Erdogan, 60, far ahead of two rivals competing for a five-year term as president.

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.

Islamic State Killed 500 Yazidis, Buried Some Victims Alive – Iraq

Iraq’s human rights minister said some 300 women were also kidnapped as slaves.

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.

UAE’s Dana Gas Says Tribunal Gives Favourable Ruling On Iran Deal

The tribunal ruled a 25-year contract for National Iranian Oil Co (NIOC) to supply gas to Crescent was valid and binding on both parties.

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.

Plane Crashes At Tehran’s Mehrabad Airport; 38 Reported Dead

The plane crashed into the Azad residential block on Mina 6 Boulevard due to an engine shutdown, Iran’s official news agency reported.

Etihad Follows Emirates, Suspends Flights To Erbil

Etihad’s flights to Basra and Baghdad will continue to operate as normal, the carrier said.

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.

As Etihad Finally Signs Deal With Alitalia, What Next?

Etihad has set out its “roadmap” to return the troubled Italian carrier to profit by 2017.

Alitalia’s CEO Ready To Leave After Striking Etihad Deal

Del Torchio, previously the CEO of motorcycle maker Ducati, was recruited last year to help bring the struggling flagship carrier back to profit.

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.

Abu Dhabi’s TAQA Suspends Activity In Kurdistan Block Due To Instability

The Taqa-operated plant is expected to initially produce approximately 30,000 barrels of oil per day (bpd) with first oil expected by early 2015.

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.

OPEC Sees Lower 2014 Oil Demand Growth, Pumps More

Organization of the Petroleum Exporting Countries (OPEC) trimmed its projection for growth in global demand this year citing weaker-than-expected U.S. demand.

Qataris Move To Snap Up IHG’s Paris Flagship Hotel Le Grand

The sale, which is not expected to complete until next year, continues IHG’s strategy of selling on its hotels and then managing them under contract.

Bahrain Accuses Qatar Of Luring Citizens To Switch Nationality

Bahrain News Agency quoted a senior official as saying that Qatar had “targeted specific families and singled out a particular category of people” with no consideration to Bahraini laws.

Emirates Aims Big With Mega Airshow Orders

Emirates was the chief noisemaker at the recently concluded Farnborough International Airshow, confirming its ambition to be a long haul leader.

Rising Interest Rates May Revive Appetite For Islamic Commodity Deals

Islamic finance has developed alternative inter-bank tools, but higher interest rates are expected to boost murabaha trading, luring back western borrowers looking for cheap finance.

Review: Blackberry Z3

The Z3 is the latest in the line of devices using that OS and looks like a phone that can replicate the mid- segment success BlackBerry had with the Curve 8520.

Alitalia Set To Seal Etihad Investment, Secure jobs

The deal foresees Etihad taking a 49 per cent stake in Alitalia and investing 1.2 billion euros ($1.6 billion) in the airline over the next three years.