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(MENAFN - AFP) No-frills airline Ryanair on Tuesday announced its first flights to Israel, with three new routes departing from Hungary, Lithuania and Poland.

The Irish carrier said it would operate six weekly flights, two each between Israel's Eilat Ovda airport and Budapest, Kaunas and Krakow.

Eilat Ovda airport is located in the south of Israel, about 60 kilometres ...

 
(MENAFN - AFP) The Islamic sukuk or bond market is set to drop sharply this year after Malaysia's central bank, one of the largest global issuers, stopped doing so, Standard & Poor's said Tuesday.

"In the first half of 2015, the Central Bank of Malaysia's pullback saw total sukuk issuance drop by 42.5 percent compared with the same period a year earlier," said S&P ...

 
(MENAFN - AFP) German industrial production stagnated in May, but the overall upward trend remains intact, the economy ministry said on Tuesday.

The ministry calculated that factory output remained unchanged in May compared to a month earlier, corrected for seasonal factors.

Analysts polled by financial services firm FactSet had pencilled in a fractional increase of ...

 
(MENAFN - AFP) European leaders warned Greek Prime Minister Alexis Tsipras to present new bailout proposals at an emergency summit on Tuesday or risk leaving the euro, after Greeks defiantly voted 'No' to further austerity in a referendum.

Tsipras will face his 18 eurozone counterparts in Brussels as the country's economy gasps for air, with banks closed until at least Thursday ...

 
(MENAFN - AFP) The idea was to conjure up a slice of Middle Eastern splendor, in Florida. Up went minarets and pastel-colored domes, and streets got names like Ali Baba and Aladdin.

The result -- the town of Opa-locka -- came to house the largest concentration of Moorish revival architecture in the United States.

Now, however, it is just another poor, crumbling American ...

 
(MENAFN - AFP) France can't take the risk of Greece leaving the eurozone, which would have an effect across the globe, the prime minister said on Tuesday, adding that the basis for a deal with Athens was there.

"France is convinced that we can't take the risk of Greece leaving the eurozone," a move that would affect economies across the globe, Manuel Valls told French radio. ...

 
(MENAFN - AFP) Chinese shares took anothertumble Tuesday, defying government efforts to arrest a precipitous fall that has wiped an estimated $3.2 trillion off markets and threatens the world's number-two economy.

The government over the weekend announced a halt to initial public offerings (IPOs) and moves to pour funds into the market to end three weeks of plunging prices.

Analysts ...

 
(MENAFN - AFP) Japanese and Australian stocks bounced Tuesday from the previous day's Greece-fuelled sell-off, but Shanghai and Hong Kong sank again as analysts warned Chinese measures to staunch a recent mainland rout will likely not be enough.

The euro eased slightly but managed to hold its own after Greece's weekend vote against creditors' austerity proposals, with dealers ...

 
(MENAFN - AFP) Australia's central bank Tuesday kept interest rates on hold at 2.0 percent for the second-straight month, saying accommodative monetary policy was needed with economic growth subdued.

The Reserve Bank of Australia has slashed rates 250 basis points since November 2011 to support the resources-dependent economy as it experiences a sharp fall in mining investment ...

 
(MENAFN - AFP) In a nondescript corner of Doha's Industrial Area, sandwiched between building works, a dusty landscape and overused roads, sits a green oasis for Asian labourers and cricket enthusiasts.

The Asian Town Cricket Stadium is a colourful place of rest and recreation in a mostly grey-looking part of Qatar's capital that serves as the engine room of the country's ...

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