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.

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.