Gaza’s Sole Power Plant Knocked Out By Israeli Strike

The plant had already been hit last week and was working at a reduced capacity of about 20 per cent, allowing only a few hours of electricity a day for Gaza’s residents.

Royal Jordanian Stops Services To Three Routes

The airline has been cutting down the number of routes it operates over the last few years, squeezed by regional unrest and tough market competition.

Brent Dips Toward $107 As Ample Supplies Weigh

Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.

UN Warns Of Sanctions For Oil Trading With Syria, Iraq Militants

The security council said in a statement that oil trade provides financial support to such “terrorist groups”.

Global Business Travel Spending To Reach Record In 2014 -Forecast

China will overtake the U.S., which is the currently the world’s top individual market for business travel spending.

Emirates To Avoid Iraqi Airspace As Violence Rises

Emirates also suspended all its flights to Kiev and none of its planes fly over the Ukraine airspace.

Gaza Residents See No Joy In Eid Holiday

More than 1,000 Palestinians, many of them civilians, have died so far in the fighting.

GCC Equity Markets Shed $21bn In Q2, Iraq Triggers Correction

The S&P GCC index dropped by 1.8 per cent during the second quarter of the year, according to a report by NBK.

Dubai Industrial Rents Rise Up To 47% In Certain Areas In Q2 2014

Growth in Dubai’s retail sector is stimulating demand for warehouse and distribution facilities, says report.

Brent Slips Near $108 As Mideast Tension Cools On Gaza Lull

Oil prices are expected to stay in a range of $105-$110 for Brent, according to experts.

UN Security Council Calls For Humanitarian Ceasefire In Gaza

Some 1,031 Palestinians, mainly civilians, have been killed in the 20-day conflict, while 43 Israeli solders have died.

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.

Qatar State Spending Up 13% In Last Fiscal Year, Slowest In 11 Years

Expenditure rose to a record high of $63.6 billion in the year that ended in March.

Abu Dhabi: A Star In The Making?

Wooing Hollywood and Bollywood producers with generous financial rebates, Abu Dhabi is steadily heading towards its aim of becoming a global film hub.

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.