Three Killed In Car Bomb In Cairo -Egyptian State-Run TV

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”.

Boeing Forecasts Higher Demand For Pilots As Airplane Deliveries Rise

The planemaker has projected a need for 27,000 new pilots and 29,000 new technicians annually, as per its latest report.

Volkswagen Closes In On Toyota As Global Auto Leader

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.

Air France, Virgin Among Airlines Avoiding Iraqi Airspace

Airlines have been rethinking flight routes since the downing of MH17 flight, earlier this month over a rebel-held area of eastern Ukraine.

IMF Warns Of Potential Risks To Global Growth

The IMF warned that tensions arising from the conflict between Russia and Ukraine could spill over to the global economy, prompting slower growth.

Middle East Investment In Europe Up 25% In H1 2014

Capital from the Middle East accounted for 13 per cent of the total cross border investment coming into Europe, a new report says

Islamic State Video Wages Psychological War On Iraqi Soldiers

Sunni insurgents, who seized parts of Iraq last month, has released a new video to crush the morale of Iraqi soldiers.

Gold Rises On Ukraine, Middle East Conflicts; Fed Eyed

Spot gold was up 0.3 per cent at $1,307.20 an ounce at 0933 GMT, after slipping by a similar amount in the previous session.

Gaza’s Sole Power Plant Knocked Out By Israeli Strike

The plant had already been hit last week and was working at a reduced capacity of about 20 per cent, allowing only a few hours of electricity a day for Gaza’s residents.

Royal Jordanian Stops Services To Three Routes

The airline has been cutting down the number of routes it operates over the last few years, squeezed by regional unrest and tough market competition.

Brent Dips Toward $107 As Ample Supplies Weigh

Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.

UN Warns Of Sanctions For Oil Trading With Syria, Iraq Militants

The security council said in a statement that oil trade provides financial support to such “terrorist groups”.

Global Business Travel Spending To Reach Record In 2014 -Forecast

China will overtake the U.S., which is the currently the world’s top individual market for business travel spending.

Emirates To Avoid Iraqi Airspace As Violence Rises

Emirates also suspended all its flights to Kiev and none of its planes fly over the Ukraine airspace.

Gaza Residents See No Joy In Eid Holiday

More than 1,000 Palestinians, many of them civilians, have died so far in the fighting.

GCC Equity Markets Shed $21bn In Q2, Iraq Triggers Correction

The S&P GCC index dropped by 1.8 per cent during the second quarter of the year, according to a report by NBK.

Dubai Industrial Rents Rise Up To 47% In Certain Areas In Q2 2014

Growth in Dubai’s retail sector is stimulating demand for warehouse and distribution facilities, says report.

Brent Slips Near $108 As Mideast Tension Cools On Gaza Lull

Oil prices are expected to stay in a range of $105-$110 for Brent, according to experts.

UN Security Council Calls For Humanitarian Ceasefire In Gaza

Some 1,031 Palestinians, mainly civilians, have been killed in the 20-day conflict, while 43 Israeli solders have died.

Hamas Accepts 24-hour Gaza Humanitarian Truce

Some 1,060 Palestinians, mainly civilians and including many children, have been killed in the 20-day conflict.

Qatar State Spending Up 13% In Last Fiscal Year, Slowest In 11 Years

Expenditure rose to a record high of $63.6 billion in the year that ended in March.

Abu Dhabi: A Star In The Making?

Wooing Hollywood and Bollywood producers with generous financial rebates, Abu Dhabi is steadily heading towards its aim of becoming a global film hub.

Flying Is “Safe” Despite Recent Crashes – Global Aviation Body IATA

Three civil aviation disasters within a span of eight days led to 464 fatalities this month.

Abu Dhabi-Listed Watania Says Majority Shareholders To Sell Stakes

It did not disclose the value of the deal, nor the size of the stake being sold.

More Than 50 Killed In Libya’s Benghazi, Tripoli After Heavy Clashes

In the last two weeks, Libya has descended into its deadliest violence since the 2011 war that ousted Muammar Gaddafi.

UAE’s LuLu Opens New Dhs370m Mall In Fujairah

The new mall will feature an entertainment zone and an ice rink and will anchored by a LuLu hypermarket, the retail giant said.

UAE’s Just Falafel Enters India, Opens First Restaurant In Bangalore

The UAE-based fast food chain has teamed up with Prism Properties to open its outlet in the South Indian city.

UAE To Introduce New Visa System By August

The UAE is looking to issue various types of visas for purposes such as visit, work, education, medical care and for conferences.

Bahrain Telco Batelco Q2 Net Profit Slumps 22.4%

The company made a net profit of BD10.4 million ($27.6 million) in the three months to June 30.

Dubai’s Arabtec Q2 Net Up 11%, Misses Estimates

Net profit climbed to Dhs103 million ($28.1 million) in the three months to June 30 from Dhs92 million a year earlier, the company said in a statement.