Attack On Army Convoy Kills 11 In Egypt’s Sinai

Militants in the Sinai have stepped up attacks on policemen and soldiers since ex-army chief Abdel Fattah al-Sisi became president.

Dubai Islamic Bank Rules Out Controlling Stake In Indonesian Lender

DIB plans to increase its stake in Bank Panin Syariah to 40 per cent from the current 25 per cent, its CEO said.

Britain Unveils Powers To Strip Suspected Islamist Fighters Of Passports

British Prime Minister said the government would consult on a discretionary power to prevent Britons from returning home if they have pledged allegiance to extremist causes.

Qatar Telco Ooredoo’s Myanmar Start-Up Focuses On Pay-As-You-Go

Ooredoo and Norway’s Telenor Group last year won telecom licences in the southeast Asian country, whose mobile penetration is about 10 per cent, among the lowest globally.

Iraq Violence Killed At Least 1,420 In August – UN

About 1,370 Iraqis were wounded and 600,000 people forced to flee, the United Nations said.

Different Arab money

IFC Confirms $100m Investment In Saudi’s ACWA Power

The investment will boost the amount of funding for renewable energy projects to help meet growing power demand in the MENA region, IFC said.

UAE To Give Egypt $8.7bn Worth Of Petroleum Products

The first shipment is expected to be sent next week, an official said.

UAE’s Masdar Delivers Samoa’s First Wind Farm

Located on the Samoan island of Upolu, the 550KW project was funded by UAE-Pacific Partnership Fund.

Saudi Stocks Richly Valued But Still Attractive -Funds

Fund managers still see pockets of opportunity in Saudi due to the market’s liquidity and diversity.

No Resolution Of Gulf Arab Split After Ministers Meet

Kuwaiti Foreign Minister Sheikh Sabah Khaled al-Sabah said that Saturday’s meeting had led to limited progress but he did not announce any concrete step to end the rift.

Different Arab money

Reviving Bond Issues From GCC To Draw Big Demand Despite Geopolitics

Gulf bond issues, expected to start next month, are likely to include a sovereign sukuk from Sharjah and a sovereign U.S. dollar conventional bond from Bahrain.

Libya’s Oil Recovery May Be Short-Lived As Country Risks Falling Apart

Libya’s oil production rose significantly during the last two months but experts say the ongoing internal conflict could be counterproductive.

Pictures: Qatar Airways’ New Airbus A350 XWB

The carrier is set to receive the first delivery of the new widebody aircraft in the fourth quarter of this year.

Samsung Unveils Smartwatch That Can Make Calls Without A Phone

The Gear S has a 2-inch curved display and offers features like WiFi connectivity, pedestrian navigation and a built-in GPS.

Dubai’s GEMS To Open Its First School In Qatar

GEMS American Academy-Qatar will begin with primary school but will expand to secondary education in the coming years, the operator said in a statement.

What’s In The Gaza Peace Deal?

Both sides have agreed to address issues such as the release of Palestinian prisoners and Gaza’s demands for a sea port.

Gaza Ceasefire Holds As Focus Turns To Longer Term

The deal, which took effect on Tuesday evening, called for an indefinite halt to hostilities and the immediate opening of Gaza’s blockaded crossings with Israel and Egypt.

Iranian Minister Says Saudi Talks “Constructive”

Hossein Abdollahian was in Jeddah for the first high-level talks between the two nations since Hassan Rouhani was elected Iran’s president.

Apple Planning 12.9-Inch iPad For 2015

Apple has been working with its suppliers for over a year on larger touch-screen devices, Bloomberg reported.

Burger King To Buy Canada’s Tim Hortons For $11.5 billion

The deal will create the world’s third-largest fast food restaurant group, with sales of about $23 billion.

Kuwait Energy Keen To Invest More In Iraq – CEO

Sara Akbar said the violence in Iraq was temporary and could not overshadow the country’s vast potential for relatively easy oil.

Israeli Air Strikes Target More Gaza High-Rises

Israeli attacks flattened the 13-storey Basha Tower and the 16-storey Italian Complex.

Iran Oil Minister: Oil Prices Appropriate, Decline Is Short-Lived

Brent crude edged up towards $103 a barrel on Tuesday, although supply pressure and weak economic data in consumer countries curbed gains.

Qatar Seeks To Free More US Hostages In Syria

The Gulf Arab state’s diplomacy recently helped free Peter Theo Curtis, an American journalist held since 2012.

Three Chinese Engineers Kidnapped In Southeast Turkey

The workers were seized from the town of Silopi by suspected members of the Kurdistan Workers Party (PKK).

Amazon Buys Live Video Startup Twitch For $970m

The deal is expected to close in the second half of the year.

Oil Edges Above $102, Supply Risks Support

Geopolitical tensions in Ukraine and Libya pushed up prices, although ample supply limited the rebound from last week’s 14-month low.

Abu Dhabi Woos Chinese Travellers

The emirate is holding a Chinese Visitor Summit to boost tourist numbers and guest nights.

Bulgaria Corpbank’s Owner Working With Oman On Restructuring Plan

Corpbank’s fate has been in limbo since June, when a run on deposits prompted the central bank to seize control of it and close its operations.

Iran Deputy Foreign Minister To Visit Saudi Arabia

Hossein Amir Abdollahian’s trip is the first high-profile visit to the Kingdom since the election of Iranian President Hassan Rouhani in 2013.