Hong Kong Main Index Closes At Highest Since May 2008

The Hang Seng Index rose 0.2 per cent to 25,166.91 points.

Etihad Welcomes Review By Swiss Authorities On Darwin Deal

Etihad CEO James Hogan says he supports the need for “absolute clarity” regarding its 33.3 per cent stake in Swiss carrier Darwin.

Sony PlayStation Network Taken Down By Attack

The company said that no personal information of the network was accessed in the attack.

Qatar Facilitates Release Of American Kidnapped In Syria

Peter Theo Curtis, an American writer, was missing since 2012.

War Planes Attack Libyan Capital Again

In recent weeks Libya has seen the worst fighting since the NATO-backed campaign to oust Muammar Gaddafi in 2011.

Netanyahu Warns Gaza Civilians After Israel Destroys 13-Storey Building

The bombing of Al Zafer Tower in Gaza City, which housed 44 families, was the first time in the Gaza war that Israel had brought down so tall a structure.

Stock News: Conservative Ownership Rules May Slow Saudi Uptrend

The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.

Pressure On Europeans To Take More Action Against Islamic State

Political leaders in Britain, France and Germany have so far ruled out joining military action in Iraq.

Western Iran Hit By 5.2 Magnitude Earthquake

The depth of six miles was the same as that of a 6.3-magnitude quake which hit the same area on Aug. 18.

Kuwait To Boost Oil Exports To China To 500,000 bpd In 3 Years

Last week, Kuwait concluded a new 10-year deal with a China’s Sinopec Corp to nearly double its supplies.

Etihad Plan To Buy Darwin Stake Fails To Meet Swiss Rules

Switzerland’s Federal Office of Civil Aviation said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement.

Special Report: The End of Iraq?

The country we all know as Iraq may never be the same again and that poses problematic questions for the stakeholders in its economy.

Why World Economies Are Taking A Turn For The Worse

Heightened geopolitical risks and developments in emerging market economies are hampering growth.

Hamas Says Israel Killed Three Top Gaza Commanders

Egyptian-mediated talks to end weeks of deadly fighting between Israel, Hamas and other militant groups in Gaza collapsed on Tuesday when violence broke out after ten days of relative calm.

UAE Tells Citizens To Avoid Central London Areas Due To Crime

The warning comes after two violent attacks on Emirati tourists in the UK capital this year.

German Minister Accuses Qatar Of Funding Islamic State Fighters

Gerd Mueller presented no evidence of a Qatari link to Islamic State.

Revealed: Top 10 MBA Programmes in the World

Harvard tops the list, with employers scrambling to hire graduates from its MBA programme.

Marriott Says Protea Acquisition Helps Boost Occupancy In MEA

Marriott saw occupancy rise 4.4 per cent and RevPar increase by 3.9 per cent in the Middle East and Africa region during Q2.

Hikma Pharma Cuts Revenue Forecast For Branded Drugs

The Jordanian drugmaker cited shipment issues in some north African markets.

Al Jazeera Rejects Al Gore’s Allegations On Current TV Deal

The former US vice president and his partner claimed the news channel owed them “tens of millions of dollars.”

Gaza War Resumes With Deadly Strikes, Rocket Fire

Palestinian health officials said the strikes killed 10 people including two women and four children.

Islamic State Video Purports To Show Beheading Of US Journalist

James Foley, 40, was kidnapped by armed men on Nov. 22, 2012, in northern Syria while on his way to the Turkish border.

Google Considering YouTube, Gmail Accounts For Kids

Internet companies such as Google and Facebook Inc do not offer their services to children under 13.

Saudi Arabia’s Grand Mufti Denounces Iraq’s Islamic State Group

Sheikh Abdulaziz Al al-Sheikh said the militant groups Islamic State and al Qaeda were “enemy number one of Islam”.

Islamic State Message To America: “We Will Drown All Of You In Blood”

U.S. airstrikes in northern Iraq have helped Kurdish fighters take back some territory captured by Islamic State militants.

US Bars All American Airlines From Flying Over Syria

The US Federal Aviation Administration said the move was taken after “updated assessment of risk” and a lack of airlines wishing to fly in the airspace.

Apple Plans Flagship Store In The UAE

US-based company has posted advertisements for several positions in the UAE.

Qatargas Delivers First LNG Cargo To China’s Hainan Terminal

The cargo will be used to commission the new LNG terminal which CNOOC owns and will be operating soon.

Kuwait Nearly Doubles Supplies In 10-Year Oil Deal With China’s Sinopec

The exports, which will amount to 15 per cent of Kuwait’s oil export output, are estimated to be worth $120 billion.

Major Earthquake In Western Iran Leaves 60 Injured

State news agency IRNA said the quake was magnitude 6.1 while the US Geological Survey put it at 6.3.