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Kuwait Energy, Dragon Oil Find Oil In Iraq

They were able to flow around 2,000 barrels of oil per day from the Faihaa-1 well in the Mishrif formation, they said.

Arab Bank Chairman Testifies In US Court, Denies Funding Hamas

A lawsuit, first filed 10 years ago, accuses the Jordan-based bank of knowingly maintaining accounts for operatives of the militant Islamist group.

Standard Chartered PE Invests $35m In Jordan Poultry Producer

SCPE said it would obtain two seats on the board of Al Jazeera, Jordan’s only fully integrated poultry producer and distributor.

Arabs Vow To Confront Islamic State, Cooperate With International Efforts

Arab League foreign ministers also called to suppress the flow of foreign fighters, financing and other support to “Islamist extremist groups” in Iraq and Syria.

Arab League To Back Iraqi, US Campaign Against Islamic State

Diplomatic sources have said that the Arab League would agree a resolution endorsing the U.S. military campaign against the group.

US-Chartered Flydubai Plane Reaches Dubai After Being Diverted To Iran

The aircraft, carrying about 100 Americans from Afghanistan, was diverted to Iran because of issues with its flight plan.

Egypt Charges Ex-President Mursi With Leaking State Secrets To Qatar

The public prosecutor said Mursi’s aides leaked documents which detailed the country’s foreign and domestic policies.

Saudi Bristles As Turmoil Looms Large In The Middle East

The Kingdom is wary of the growing influence that the Islamic State is wielding across the region.

In Northeast Syria, Islamic State Builds A Government

The group, famous for its beheadings, provides electricity and water, pays salaries, controls traffic, and runs nearly everything from bakeries to courts.

UAE Calls For “Unified Effort” Against Militancy In Region

The UAE’s foreign ministry called for cooperation and coordination against what it called the global scourge of terrorism, especially in Iraq and Syria.

Middle East Airlines Record Strongest Traffic Growth Globally In July

Globally, passenger traffic demand was up 5.3 per cent in July compared to the same period last year, IATA said.

Obama Says Will “Degrade And Destroy” Islamic State

Islamic State released a video on Tuesday showing the beheading of journalist Steven Sotloff, the second American hostage to be killed within weeks.

UK Not Ruling Out Airstrikes Against Islamic State, Says Hostage Video Genuine

IS released a video on Tuesday showing the beheading of American hostage Steven Sotloff, and issued a threat against a British hostage.

Islamic State Issues Video Of Beheading Of US Hostage

Steven Sotloff, a 31-year-old freelance journalist from Florida, was kidnapped in Syria in August 2013 and is believed to have been beheaded by Islamic State militants.

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.

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.

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.

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.

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.