Israel Renews Gaza Shelling, 30 Dead

The Palestinian Centre for Human Rights said 520,000 people had been displaced by the fighting.

Abu Dhabi’s Aldar Properties Q2 Net Profit Up 168%

Revenue for the second quarter was Dhs2.19 billion, up 74 per cent year-on-year.

UAE Implements New Visa Fees Policy

New multiple entry visas have been introduced for students and medical tourists.

Kuwait’s Investment Dar Loses Protection Against Creditor Legal Claims

The court ruled that the firm had to repay all three groups of creditors the total amount of $1.56 billion under its restructuring plan.

Emirates Suspends Flights To Guinea Over Ebola

The Ebola outbreak, which began in Guinea and has spread to Liberia and Sierra Leone, has killed more than 700.

Saudi King Says Israeli Offensive In Gaza A “War Crime”

Gaza officials say at least 1,499 Palestinians, mostly civilians, have been killed and 7,000 wounded.

Lenders May Exit Dubai World As It Seeks To Revise $25bn Debt Deal

The conglomerate plans to make its first big repayment early, in exchange for more time before a second and much larger obligation needs to be repaid.

BlackBerry Opens Up BBM To Windows Phone Users

The Canadian firm has been lately touting new BBM features in a bid to make it a more viable messaging tool for corporate clients.

Exclusive: Ooredoo CEO Dr.Nasser Marafih On Rebranding, Taxes And 2022 World Cup

Marafih reveals the problem with excessive taxation on telecom operators, and why he is certain Qatar will host the 2022 FIFA World Cup.

Mideast Funds Bullish On Saudi, Bearish On UAE

The opening of the Saudi market to direct foreign investment is expected to attract a lot of active money.

Aftermath: The MH17 Tragedy

As global aviation body IATA puts responsibility for airspace risk assessment on governments, analysts say urgent action is needed.

Tech Threats Push CIOs To The Fore

Increased reliance on IT systems within firms is expanding their role and responsibilities, but the transition is far from simple.

UAE’s Oil Exports To Japan Drop 14.4% In June

The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.

Spain Evacuates Embassy In Libya

About 200 people have been killed since clashes erupted two weeks ago between rival militias in Tripoli and Benghazi.

Lufthansa’s Profit Falls Short As Ticket Prices Dip

Lufthansa’s second-quarter operating profit was $480.9 million, far below the average forecast.

Dubai’s Luxury Property Price Growth Slows Sharply In Q2

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.

Oil Slips To $106 On Increased Supply, Low Demand

Oil prices have eased after hitting multi-month highs in June because of political tensions in the Middle East, Africa and Europe.

Rolls-Royce Says 2014 On Track, To Return To Growth Next Year

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.

Stock News: UAE Markets Mixed, Investors Bet On Property

The Dubai benchmark added 0.5 per cent in the first hour of trade with builder Arabtec rising 1.5 per cent.

Law Required To Control Use Of Anti-Aircraft Weapons – IATA

The global aviation industry has called for controls on the design, manufacture and deployment of anti-aircraft weapons following the MH17 tragedy.

Bollywood Star Shah Rukh Khan Backs Dhs2.3bn Real Estate Project In Dubai

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.

Property Developer Damac Looks To List Shares On Dubai Bourse

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.

UN Says ‘Enough Is Enough’ After Another Gaza School Attack

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.

Air Algerie Jet Plunged Rapidly From Altitude Before Crash -Official

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.

OPEC Oil Output Rises In July On Fragile Libyan Rebound

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.

Alitalia To Present Final Proposal To Etihad On Thursday

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.

France Says Evacuating Nationals In Libya

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.

Carnage At U.N. School As Israel Pounds Gaza Refugee Camp

The Gaza Health Ministry put the number of dead in the attack at 15 after a local UNRWA official said 19 had been killed.

India’s Capital Gains Tax Levy To Affect Dubai’s Property Market

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.

Twitter Assuages Growth Concerns For Now As Shares Soar 35%

Twitter reported a 124 per cent jump in quarterly revenue to $312 million, beating expectations for $283.1 million.