Qatar Airways To Launch Eritrea Flights

Doha airline will serve capital Asmara twice weekly from December

Qatar’s Mesaieed Surges After MSCI Adds Stock To All-Country World Index

The company’s shares jumped as much as 10 per cent – their daily limit – in early trade.

Renewed Gaza Truce Holds After Rocky Start

A halt in more than a month of fighting, in which 1,945 Palestinians and 67 Israelis have been killed, had been set to expire at midnight on Wednesday.

Emaar Says No Decision Yet On Timing Of Malls Unit IPO

The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.

New UAE Visa Rules Will Boost Cruise Tourism In Dubai – Official

Under the new ruling, cruise tourists can get a multiple entry tourism permit for Dhs200.

DIFC Investments Plans Sukuk Issue

Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.

Cisco To Cut 6,000 Jobs As Forecast Falls Flat

The latest round of layoffs is at least the third workforce reduction in about as many years.

Egypt’s Mubarak Denies Ordering Killing Of Protesters

Mubarak was sentenced to life in prison in 2012 for complicity in the deaths of demonstrators, but an appeals court subsequently ordered a retrial.

Italian Journalist, Three Bomb Disposal Experts, Two Others Killed In Gaza

They were killed when unexploded munitions blew up in the town of Beit Lahiya.

Gulf States Might Return Envoys To Doha Soon – Official

Oman’s foreign minister Yusuf bin Alawi bin Abdullah said that the recent dialogue between Qatar’s emir and Saudi’s King Abdullah has been effective in easing the rift.

Unexpected Drop In Eurozone Output Clouds Recovery Hopes

High unemployment, sluggish reforms and conflicts in Ukraine, Gaza and Iraq are holding back the region.

UAE’s Air Traffic Slows Down In July

The decline in traffic was mainly due to the upgrade work at Dubai International Airport that lasted for 80 days, the UAE’s aviation authority said.

New iPhone 6 Photos Leaked As Expected Launch Date of Sept 9 Looms

Leaks suggest that Apple’s latest smartphone will have a larger screen, rounded edges and recessed volume controls.

Abu Dhabi Airport’s Passenger Traffic grows 19% In H1

Passenger traffic at Abu Dhabi International airport is expected to be higher still in the second half of this year, an official said.

Saudi’s Savola Says Started Initial Talks On Acquiring Kuwait’s Americana

Savola said in a bourse filing that talks have not yet reached a stage that would require disclosure.

Kuwait Finance House Says Waits For Regulatory Approval On New CEO Hire

KFH, whose former chief executive Mohammed al-Omar retired in May, did not say when it expected the regulator to respond.

Etihad Cargo Launches Bespoke Services To Transport Horses

The new equine service, called SkyStables, is being rolled-out across Etihad Cargo’s network of 44 freighter destinations.

Gulf Investors Pour Dhs19bn Into Dubai’s Property Market In H1 2014

Emiratis accounted for the largest share of investment in Dubai’s real estate market- almost double the amount invested by other GCC nationals.

TAQA Ends Talks To Buy 50% Stake In Iraqi Kurdistan Power Plant

The Abu Dhabi-owned oil explorer and power supplier said that the project does not match the company’s growth strategy.

Ras Al Khaimah Sounds Out Banks For Syndicated Loan

The emirate also sent out requests for proposals for an Islamic bond deal in June.

Abu Dhabi’s TAQA Swings To Q2 Profit On Record Oil Production

TAQA reported a net profit of Dhs239 million ($65.1 million) for the second quarter compared with a loss of Dhs172 million a year earlier.

Abu Dhabi’s TAQA Says No Bond Issue Until 2017 At Earliest

The company said that it expects to pay 2016 maturities from improved operational cash flow and asset sales.

WHO Backs Use Of Experimental Ebola Drugs In West Africa

There are no licensed treatments or vaccines for Ebola but several biotech companies and research teams have been working on potential drugs.

Glad To Be Rid Of Maliki, Saudi Arabia Congratulates New Iraq PM

In a message sent to Haider al-Abadi, King Abdullah wished him success in “in restoring cohesion” among the Iraqi people.

Saudi Arabia Tells Israel Only Peace Can Ensure Its Survival

Saudi Foreign Minister Prince Saud al-Faisal also called for support from Egypt to end the fighting.

UAE’s Al Etihad Credit Bureau To Launch First Phase In September

The much-awaited bureau will begin to issue consumer credit reports to financial institutions next month, it said.

Qatar Airways Increases Flights On Tehran, Muscat, Islamabad Routes

The airline will add four flights to Tehran and Muscat each and two flights to Islamabad.

Human Rights Watch Urges UN Inquiry Into “Systematic” Egypt Killings

Egypt’s government said the report was “characterised by negativity and bias” and relied on anonymous witnesses rather than neutral sources.

Dubai’s Damac Q2 Profit Up 18% As Property Sales Rise

The developer booked sales of $1.68 billion in the first half of 2014, up 75 per cent from a year earlier.

Emirates Signs $425m Loan For Two A380 Jumbo Jets

The Dubai-based carrier is the world’s largest operator of Airbus’ A380 jets.