Aluminium Bahrain’s Second Quarter Net Profit Drops 25%

Total sales fell $5 million to $515 million compared with the same period a year ago.

Alitalia Investors Approve Cash Call To Buy Time For Etihad Deal

Both carriers have been in talks for months, but a final agreement has been held up by negotiations over job cuts and a debt restructuring at Alitalia requested by Etihad.

Former CEO of Dubai’s Arabtec Trims Stake -Bourse Data

Ismaik cut his stake to 28.77 per cent from 28.85 per cent, the website of the Dubai Financial Market showed.

Al Jazeera Journalist Jailed In Egypt To Appeal- Family

Greste, along with two other journalists, were convicted of aiding a terrorist group in a trial that was widely criticised outside of Egypt for its paucity of evidence and the way it was conducted.

Bahrain Asks Court To Temporarily Suspend Two More Opposition Groups

The decision came less than a week after the Justice Ministry filed a lawsuit against Bahrain’s main opposition group, Al-Wefaq National Islamic Society.

Saudi Bourse Opening May Double Fund Flows To Gulf

Other Gulf markets will also lure more foreign investment if the Saudi market opens, experts say.

Review: Dell Venue 7

The 7-inch Android tablet will work well for professionals who may need a tablet as a backup for their laptops and smartphones.

Bad Weather Probable Cause Of Air Algerie Crash

The flight crashed in the West African state of Mali killing all 118 people on board.

Dubai Lender ENBD Trims Loan Growth F’cast Despite Bumper Q2 Profit

Dubai’s largest lender expects to see its lending grow by four to five per cent this year, the bank’s finance head Surya Subramanian told reporters.

Missing Air Algerie Flight Has Crashed – Algerian Aviation Official

The official did not give further details about where the plane crashed or what caused the accident.

Dubai’s Aramex Q2 Net Profit Up 12% y-o-y, In-Line With Estimates

Aramex posted a second-quarter net profit of Dhs80.8 million compared with Dhs72.3 million in the corresponding period of 2013.

FIFA’S Blatter Meets Qatar’s Emir To Discuss Labour Issues

The two officials also discussed the status of Qatar’s preparations to host the 2022 World Cup and the development of football in the region.

Air Algerie Plane Carrying 116 People From Burkina Faso Goes Missing

Aviation authorities lost contact with the plane 50 minutes after take-off.

Dubai Airport Traffic Cut By Runway Work In June

Passenger traffic through Dubai’s main airport dropped 8.5 per cent from a year earlier in June to 5.07 million people.

UAE’s RAKBANK Says In Talks To Acquire RAK National Insurance

The lender is talking to the country’s markets regulator as well as Abu Dhabi exchange to ratify details of the deal.

Just Falafel To Open 10 New Outlets In Oman

The new chain of outlets will be located across the country with the first two outlets opening in Muscat, the company said.

Dubai Islamic Bank Records 59.6% Q2 Profit Gain

DIB’s earnings were boosted by a 34.5 per cent increase in income from commissions, fees and foreign exchange.

DP World H1 Gross Container Volumes Up 10.7%

Volumes were boosted by new business at its London Gateway facility and Embraport in Brazil.

UAE’s TAQA Pulls Out Of $1.6bn India Power Deal

In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures.

Swatch Warns Of Hong Kong Uncertainty As Profits Fall 11.5% In H1

Marketing expenses for the Olympic Games in Sochi, a fire at its production unit and a strong Swiss franc squeezed net profit in the first half.

Dubai Telco Du Q2 Net Profit Gains 15.6%

The firm made a net profit of Dhs547.7 million in the three months to June 30.

Dubai’s Emirates NBD Q2 Net Profit Jumps 34.8%, Beats Estimates

The lender made a net profit of Dhs1.31 billion in the three months to June 30.

Dubai’s Marka To List Shares In Mid-September

Marka’s listing would be the Dubai Financial Market’s first flotation for five years.

Gulf Telcos Ooredoo, Wataniya Post Q2 Profit Drops, Nawras Soars

Qatar Ooredoo was impacted by the political situation in Iraq and start-up costs for its business in Myanmar.

Saudi State Investment Fund To Set Up New Companies

The Kingdom’s Public Investment Fund has assets under management worth about $5.3 billion.

Kuwait’s KIPCO On Track To Hit Revenue Goal

Net profit in the second quarter to June 30 rose 20 per cent to KD11.4 million ($40.4 million), the company said in a statement.

Commercial Bank of Qatar Q2 Net Profit Dips 3%

The bank earned a net QAR502.6 million ($138.1 million) in the three months to June 30.

Dubai Records Real Estate Deals Worth Dhs113bn In H1 2014

Real estate deal value in Dubai fell to Dhs52 billion during the second quarter of this year from Dhs61 billion in the first quarter of 2014, official figures reveal.

Dubai Lender Mashreq Q2 Net Profit Jumps 45%

The lender made a net profit of Dhs585 million ($159.3 million) for the three months to June 30.

Saudi’s Flynas To Drop Manchester In August

The airline currently operates three weekly flights on the Jeddah-Manchester route.