Emirates’ Partner Qantas Reports First-Half Profit As New Strategy Gathers Speed

The airline’s turnaround strategy includes stripping costs, freezing capacity and slashing 5,000 jobs.

Emirates President Tim Clark Urges US Govt To Ignore Subsidy Claims

He was responding to allegations made by the three largest U.S. airlines, Delta Air Lines, American Airlines and United Airlines.

Lenovo Website Breached, Hacker Group Lizard Squad Claims Responsibility

Although consumer data was not likely compromised by the attack, the breach was the second security-related black eye for Lenovo in a matter of days.

ISIL Seize 100 Iraqi Tribesmen Before Battle For Tikrit

Iraqi soldiers and pro-government Shi’ite militias have been massing for days in preparation for an attack on ISIL strongholds along the Tigris River.

Yemen Ex-President Amassed Up To $60bn, Colluded With Rebels – UN Experts

Ali Abdullah Saleh’s rule from 1978 to 2012 was marred by graft, UN appointed investigators have told the Security Council.

Oil Rises To $59 As Saudis Say Demand Growing

Oil fell on Tuesday after a bigger-than-anticipated rise in U.S. crude oil stocks.

Qatar’s Hassad Food Eyes Brazilian Sugar, Poultry Assets

Hassad Food, wholly owned by the Qatar Investment Authority, was set up in 2008 to boost the Gulf country’s food security.

Firms See Drone Sales In Gulf Surging After US Eases Export Policy

Teal expects a $4.5 billion UAVs (unmanned aerial vehicles) market in the Middle East over the period from 2014 to 2023.

US Firm Raytheon Agrees To Equip UAE Armoured Vehicles With Rockets

The firm did not give a contract value or say when delivery will begin.

Gunmen Kidnap French Woman, Yemeni Escort In Sanaa

No further details were immediately available on the identity of the woman or what she was doing in Yemen.

Egypt’s Sisi Issues Decree Widening Scope Of Security Crackdown

The anti-terrorism law gives authorities powers to ban groups on charges ranging from harming national unity to disrupting public order.

Gulf Economies Have Failed To Diversify, Qatar Central Banker Says

GCC economies should rethink their monetary policies and the long-term sustainability of their currency pegs to the U.S. dollar, he said.

Airbus To Deliver 30 Commercial Aircraft To UAE Airlines In 2015

The UAE currently comprises around 20 per cent of Airbus’ Middle East market, an official confirmed.

UAE Companies Are Biggest European Football Shirt Sponsors This Season

Firms in UAE and Qatar invested about 160 million euros this season, almost a quarter of the total spend worldwide.

Etisalat-Owned Maroc Telecom’s 2014 Profit Up 5.6%

Increased revenues from its African subsidiaries helped the company post a strong profit.

Oil Prices Dip As Worries Over US Oversupply Drag

Brent futures dropped below $60 a barrel and U.S. contracts hovered around $50.30.

Stock News: Gulf Markets Stall As Oil Gives Up Gains

Dubai’s stock index fell 0.8 per cent as most stocks declined.

New Defense Secretary Hosts U.S. Gathering On ISIL Strategy

Carter’s meeting at a U.S. Army camp in Kuwait comes against the backdrop of a fierce debate inside the United States about the U.S. strategy.

ISIL Militants Claim Attacks On Iranian Ambassador’s Residence In Libya

The attack come two days after the group claimed responsibility for a double suicide bombing that killed more than 40 people in the eastern town of Qubbah.

Sisi Tries To Reassure Egyptians Despite Host Of Challenges

The former army chief dedicated a major portion of his speech to financial patrons UAE, Saudi Arabia and Kuwait.

With Solar Costs Falling, GCC Govts Should Speed Up Projects – Expert

Regional governments should ditch existing, outdated roadmaps for installing solar, says expert.

Qatar-Japan Consortium To Study Projects In Turkey’s Afsin Elbistan

The grouping will evaluate projects in the Turkish region including the development of lignite power plants.

EU Court Successes Complicate Sanctions Against Iranian, Russian Companies

Iranian banks’ recent successes in the EU courts are complicating sanctions ahead of June-end talks to curb Iran’s nuclear ambitions.

Kuwait’s Agility Plans Up To $100m Africa Spend In 2015

Target markets include Ghana, Mozambique, Angola and Nigeria, as they are benefiting from blossoming oil and gas sectors.

Fire Rips Through Dubai Marina’s Torch Tower

No fatalities were reported at the time of publishing.

Oil Falls Sharply After US Crude Inventories Rise

Brent crude oil prices slipped below $59 a barrel on Thursday.

Gulf Carriers Hit Back At Delta CEO’s 9/11 Comments

Emirates’ Tim Clark, Qatar Airways Akbar Al Baker and US-UAE Business Council President Danny Sebright are among those who responded to the comments.

Stock News: Saudi Arabia Down, Egypt Firms As Oil Slides

Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.

Orascom Construction To Raise Up To $241m In Egypt Share Offer

The company plans to offer up to 15.8 million new shares representing 15 per cent of its ordinary share capital.

Flights Resume At Istanbul’s Airport After 3-Hour Suspension Due To Snow

All flights had been suspended at Ataturk Airport and Turkish Airlines said it cancelled 200 flights scheduled for Wednesday and Thursday.