Gulf’s International Schools Whip Up $6bn In Fees

The UAE had 439 international schools in the second quarter of 2014- the highest number of international schools in the region- up from 433 in the first quarter.

UAE’s Al Noor Profit Jumps On Outpatient Treatments

Net profit rose to $44.5 million on revenue up 25 per cent to $224.8 million, the company said.

UAE Warns Citizens To Avoid Travel To Afghanistan, South Sudan, Somalia

The ministry of foreign affairs issued the warning citing security concerns in the three countries.

Oil Market Well Supplied Despite Conflicts – IEA

The oil market has fallen over the last month but remains nervous about further supply shocks.

Henkel Sees Profit Growth Slowing On Russia, Middle East

Henkel affirmed its 2014 outlook for a high single-digit percentage rise in adjusted earnings per preferred share and organic sales growth of three to five per cent.

UAE’s RAK Ceramics Posts Dhs150m H1 Net Profit

Total revenues generated during the first half of this year declined by 4.4 per cent to reach Dhs1.66 billion compared to the same period last year, the company said.

Dubai Tram Launches Trial Operations

The tramway project is slated to officially launch in November this year.

Omantel Posts Flat Q2 Profit, Beats Estimates

Omantel made a net profit of OMR31.5 million ($81.8 million) in the three months to June 30, against OMR31.4 million in the year-earlier period.

Kuwait Revokes Citizenship Of 10 More People

The cabinet said in a statement that it had reviewed data related to the naturalisation of the 10 and found they were ineligible for Kuwaiti citizenship.

UN Names Panel To Probe War Crimes In Gaza, Israel Slams It

The independent team will investigate “all violations of international humanitarian law and international human rights law” by both sides.

Lufthansa, Austrian Extend Erbil Flight Suspension

Lufthansa also said that the airlines within its group would continue to avoid Iraqi airspace on transit flights.

Kuwait’s Americana Q2 Net Profit Rises 8.7%

Americana, 67 per cent owned by the Kharafi family, may be sold, according to reports.

Etihad Cargo To Launch Services To Moscow

The freighter business of Abu Dhabi carrier Etihad will operate twice weekly services to the Russian capital from August 13.

Oil Below $105 As Iraq Pumps Crude Despite Conflict

U.S. air strikes on the Sunni insurgency in Iraq calmed market worries over the risk to oil production.

UAE Online Job Postings Surge 26% Annually In July

The banking and finance sector saw the largest year-on-year growth in online job postings in July, according to Monster.com.

Tata and Singapore Airlines Unveil Vistara

Headquartered in Delhi, the carrier will take delivery of its first plane, an Airbus A320-200, in September

RBS Preparing To Sell International Arm Of Private Bank, Coutts

The sale could net RBS between $720 million and $1.1 billion, according to sources.

Frequent Flyer Schemes Revamped As Airlines Struggle To Grow Profits

Frequent flyer programmes, with their rich customer data, have become a currency of their own.

Bentley Motors Middle East Deliveries Up 30% in H1 2014

The car maker delivered 1,185 cars in the Middle East during the first half of the year.

Egypt, Saudis Seek United Front Against Militant Islam

Saudi Arabia and Egypt see the recent success of militants in Iraq as a threat to their stability and undermining security in the region.

Qatar’s Tasweeq Offers First Ultra Low Sulphur Diesel Cargo

The ultra low sulphur diesel cargo could eventually displace the high sulphur gasoil the company offers in the spot market.

Oman Air Appoints New CEO

Paul Gregorowitsch joins Oman Air after a stint as a management board member in German carrier Air Berlin.

Emirates Flight Faces Engine Fire While Landing In Boston

The fire was quickly put out and all 349 passengers and 19 crew safely disembarked at the airport.

UAE Free Of Ebola Virus, Declares Health Ministry

A senior health official said that the precautionary measures taken by the UAE to prevent Ebola infections are sufficient.

Turkey’s Erdogan Wins Presidential Poll

Erodgan won the first popular presidential election after winning just over half the votes.

Bahrain’s Al Baraka Bank Posts 3.8% Rise In Q2 Net Profit

The bank made a net attributable profit of $43.8 million for the three months to June 30, it said in a statement.

Turks Vote For President As Erdogan Envisages “New Turkey”

Opinion polls put Erdogan, 60, far ahead of two rivals competing for a five-year term as president.

Industries Qatar Q2 Profit Falls 38%

The Gulf’s second-largest chemical producer by market value made a net profit of QAR1.25 billion in the three-month period.

Islamic State Killed 500 Yazidis, Buried Some Victims Alive – Iraq

Iraq’s human rights minister said some 300 women were also kidnapped as slaves.

Sheikh Mohammed’s Social Media Followers Cross Six Million Mark

Dubai ruler’s Twitter followers crossed three million while his Facebook fans amounted to two million along with a million followers in both Instagram and Google+.