Emirates To Increase Services To Morocco

The Dubai-based carrier will add a second daily service to Morocco from September.

Dubai’s Amlak Says Debt Restructuring Proposal Approved

The company said that it would shortly make an initial payment to creditors of approximately Dhs2 billion ($545 million), with the remaining debt to be paid over a 12- year period.

DWC Traffic Surges In Q2 Due To Flight Relocations

The growth in passenger traffic was mainly due to the temporary shift of almost 600 flights from Dubai International during the runway upgrade project.

Sierra Leone Police Blockade Ebola Areas, Liberia Declares Emergency

World Health Organization (WHO) experts are discussing whether to classify the Ebola outbreak as an international public health emergency.

Mediators Race Against Clock To Extend 3-Day Gaza Truce

Efforts to turn the ceasefire into a lasting truce could prove difficult.

UAE To Award Infrastructure Projects Worth $15.18bn In 2014

Infrastructure project awards across the GCC are forecast to exceed $86 billion in 2014, up 77.8 per cent over 2013, a new report says.

Dubai Hopes To Submit Olympics Bid Within Eight Years – Official

The bidding process for the 2024 games is expected to begin in 2015, and the winning city will be revealed in 2017.

Emirates To Suspend Flights To Iraqi City Of Erbil From August 12

The Dubai-based airline said it will continue to operate flights to Basra and Baghdad.

IATA Says Risks From Ebola, Gaza And Russia Could Dampen Air Travel Demand

The Ebola outbreak in West Africa, that has killed 932 people so far, could be one of the biggest challenges this year for some airlines, said IATA.

Cost Of Gaza Truce “Almost Too Much To Bear” – UN Chief

Gaza officials say the war has killed 1,867 Palestinians, most of them civilians.

Saudisation Conditions Force Closure Of 200,000 Companies

Limitations on hiring imposed by the Nitiqat nationalisation programme led to the closures.

Bahrain’s Ahli United Bank Q2 Profit Up 35.1%

The bank’s net attributable profit for the three months to June 30 was $125.9 million, compared with $93.2 million in the corresponding period of 2013.

Egypt Upholds Death Sentence For 12 For Murder Of Policeman -Sources

The men were charged in connection with violence that erupted when police stormed the town of Kerdasa near Cairo in September.

Saudi Arabian Man Being Tested For Ebola Virus Dies

The ministry said it was working to trace the man’s route of travel and identify people he was in contact with.

Skai Holdings Sells Out All Suites In New Dubai Hotel Project

The hotel called ‘Suites in Skai’ had 234 hotel rooms, 234 one and two bedroom apartments and 33 penthouses for sale.

UAE Issues Military Cards For First Batch Of Emirati Recruits

The training for the first batch of conscripts will begin on August 30, state news agency WAM said.

Saudi Arabia Provides $1bn Aid To Lebanon’s Army

Lebanon has been buffeted by violence linked to the Syrian conflict, including rocket attacks, suicide bombings and gun battles.

Qatar Emir Issues Law Raising Foreign Ownership Limits For Stocks

The law, originally announced in late May, allows foreigners to own more than 49 per cent of a company in special cases.

Damac Acquires Dubailand Plot For $513m

The plot spread across 55 million square feet of land is almost 30 per cent larger than Damac’s current biggest project Akoya.

Samsung, Apple End Patents Battle Outside US

The agreement ends patent disputes in Australia, France, Germany, Italy, Japan, the Netherlands, South Korea, Spain and the UK.

Lenovo Reveals September UAE Launch For New VIBE Z2 Pro Smartphone

The new device comes with a 6-inch screen and a 16MP rear camera and offers several photography features.

Etisalat Says Egyptian Unit Considering IPO

Etisalat Misr is planning a $500 million share sale on the Egyptian stock exchange, according to reports.

UAE’s Dana Gas Q2 Net Profit Jumps 70% On Higher Production

The Sharjah-based energy firm said its average production volume was up 17 per cent to 72,200 barrels of oil equivalent per day.

UK Minister Sayeeda Warsi Quits Over ‘Morally Indefensible’ Gaza Policy

Gaza officials say the war has killed 1,865 Palestinians, most of them civilians.

Fox Abandons $80bn Time Warner Takeover Bid

Fox’s chairman and CEO Rupert Murdoch cited Time Warner’s board’s refusal to come to the table to discuss a takeover as a reason for the turnabout.

Apple To Hold iPhone-Related Event On September 9 – Report

Analysts and media reports have said Apple may launch two iPhone models with 4.7 and 5.5 inch screens this year.

Turkey’s Erdogan Outlines Vision For Hands-on Presidency As Election Looms

Turks, where previous heads of state have been chosen by parliament, will vote directly for their president for the first time on August 10.

UAE-Based Time Hotels Inks Deal To Manage Red Sea Resort In Egypt

The hospitality firm will manage a beach resort comprising of a hotel and residences in the Sahl Haseesh development in Egypt.

Qatar Airways Passenger Arrested In UK For Fake Bomb Threat

The incident, which led to the closure of the northern England airport for 25 minutes, briefly sparked fears of a terrorism attack.

Regulations Make Dubai Property Sector “Stable” For Foreign Investors

Dubai’s real estate sector offers a number of medium to long-term investment options for foreign buyers, an expert says.