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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.

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.

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.

Rifts Between Qatar, Egypt May Complicate Search For Gaza Truce

The violence in Gaza has now killed more than 500 Palestinians as well as 18 Israeli soldiers and two Israeli civilians.

Pharma Firms Thrive On Gulf’s Disease Burden

Local and international pharmaceutical players alike are positioning to serve the expanding market for lifestyle-related disease treatment in the GCC.

Hacking: The $3 Trillion Threat

With a constantly growing threat landscape, cyber attacks pose one of the largest risks to businesses in the GCC and abroad.

Qatar Emir Meets Saudi King In Jeddah To Discuss Gaza Fighting

More than 600 people are reported to have been killed in Gaza during the two weeks of fighting between Palestinians and Israelis.

EY: 10 GCC IPOs Raise $2.26bn In H1 2014

Saudi Arabia led the GCC activity in the first half of the year with four IPOs, followed by the UAE with three.

UN, Qatar Condemn Gaza Killings, Call For Immediate Ceasefire

The 13-day bloodshed in the Middle East has cost more than 400 lives.

Middle East Visitors Spent $5.7m During FIFA World Cup In Brazil

Fans from the UAE, Saudi Arabia and Qatar made up 70 per cent of total Middle Eastern spend during the global tournament.

Freezones Boost GCC’s Push To Establish Business Hubs

As GCC economies seek to diversify away from oil, many countries are pursuing free zones as the solution.

Airbus Eyes Middle East Order For Revamped A330 Jet

The planemaker closed the Farnborough Airshow with total orders and commitments for 496 aircraft, including 121 for the A330neo.

Middle East Investment Banking Fees Up 72% In Q2 2014

Investment banking fees in the region reached $237.9 million in the second quarter of this year, a new report finds.

Kuwait’s Zain Says Court Lifts Freeze On Zain Iraq Earnings

Zain’s Iraqi unit was sued by a local telecommunications firm over the $1.2 billion acquisition of rival operator Iraqna from Egypt’s Orascom Telecom in 2007.

UAE’s Abraaj Group Buys Stake In Tunisian Hospital

Abraaj’s investment will help increase patient capacity, add new services and ramp up human resource training in the hospital.

Aujan Coca-Cola Buys Majority Stake In Lebanon’s NBC

National Beverage Company (NBC) manufactures and distributes Coca-Cola, Pampa, and other products in Lebanon.

Private Banks Not First Choice For Wealthy – StanChart Report

The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.

Abraaj Investment Management Makes Bid Approach To Egypt’s Bisco Misr

The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.

Gulf Capital Invests $30m In GCC School Operator EKI

The investment is expected to help Evolvence Knowledge Investments Limited (EKI) to expand its offerings in the region.

Egypt Tries Crude Swaps To Import Crucial Foreign Oil

Egypt has been largely unable to buy crude oil in the international market for more than a year due to a domestic subsidy scheme.

Exclusive Interview: Frits Van Paasschen, Starwood CEO

Starwood’s global president and CEO plots the next phase of the hotel chain’s ambitious Middle Eastern expansion.

Shale Boom Confounds Forecasts As US Set To Pass Russia, Saudi Arabia

Forecasts for U.S. shale oil production vary from an increase of 7.5 million barrels per day by 2020 – almost doubling current domestic output of 8.5 bpd.

U.S. Blacklists UAE Firm For Flouting Sanctions On Syria

Sharjah-based Pangates supplied petroleum products to Syria from 2012 to April this year, the U.S. Treasury Department said.

BMW Middle East Reports A 25% Increase In Sales For The First Half Of 2014

A total of 15,797 BMW and Mini vehicles were sold in the region with the UAE accounting for half of total sales.

London’s Residential Properties Continue To Woo Middle East Investors

The city’s political stability and rising demand from a burgeoning workforce have been instrumental in attracting international investment to its property market, a new report says.

Senior Iraqi Army Commander Killed In Battle

The official was killed “when mortar rounds fell” in the Ibrahim Bin Ali area, a military spokesman said.

Different Arab money

Jeddah-Based IDB’s New Infrastructure Fund Aims To Help GCC Firms Expand

The fund launched by the Islamic Development Bank has $750 million in commitments from Saudi, Bahrain and Brunei.

Egypt’s Sisi Says He Wishes Al Jazeera Journalists Were Deported, Not Tried

An Egyptian court handed down prison sentences of seven to 10 years to three journalists last month.

UAE Visitors Spent $1.145m In First Two Weeks Of FIFA World Cup- Visa

Middle East travellers have spent around $2.7 million on their visa cards since the start of the tournament, the payments provider said.

How To Market During Ramadan

Retailers and brands will have to rethink their strategies during the holy month, writes Olga Kudryashova, planning director at advertising agency Cheil MENA.