DUBAI

RWE could split up its business like peer E.ON if wholesale power prices continue to fall as cost cuts alone may not be enough to get Germany's largest power producer back on track, its chief executive said.

Dubai-based real estate developer Emaar Properties on Sunday reported a 31-percent rise in net profits during the third quarter of 2015.

Emaar - best known for building the world's highest tower, the Burj Khalifa - said it had recorded net profit of $230 million between July and September 2015, compared to $176 million during the same period last year.

Some of the biggest airlines in the world - Emirates, Lufthansa and Air France - decided to suspend flights over the Sinai Peninsula, Egypt, after a Russian airplane crashed on Saturday leaving all 224 people on board dead.

Lufthansa and Air France were the first to take the measure, announcing hours after the incident  they would suspend flights over the region.

The Arab coalition battling Iran-backed rebels in Yemen has provided pro-government forces in the besieged city of Taez with dozens of armoured vehicles, military sources and Emirati media reported on Nov. 2. 

Bulgaria is to have a diplomatic mission in the United Arab Emirates, and an embassy will be set up in Dubai, the government has announced.

The two countries have maintained diplomatic relations since 1991. None of the two had so far taken the step of opening a mission to the other.

Frommers website announced the most beautiful metro stations in the world taking into account safety, cleanliness, cost, but also great architecture or underground shops and eateries.

Athens Metro Station in Greece ranked 8th among the subways of London, Moscow and Stockholm.

Sales growth in the global personal luxury goods market has slowed this year to 1-2 percent from 3 percent in 2014 at constant currencies, hit by lower demand in mainland China and Hong Kong, consultancy Bain & Co said in a study.

Webjet Australia, a travel booking website, conducted a survey on Australians preferences in vacation destinations showing that Greece, Spain and Italy are among the favorite destinations of Australians.

The results were based on bookings between January and August 2014, as well as between January and August 2015, as the International Business Times noted.

If you have ever dreamed of sleeping underwater or on a bed bobbing over a crystalline sea, then get ready for these outrageous luxury hotels which are the future of tourism industry.

They are still under construction and due to open in the coming years, as CNN reports.

Shimao Wonderland InterContinental (Shanghai, China)

The Iran Oil Ministry has filed a case against a private company in Turkey, claiming all stakes of Turkey's Onur Air that are owned by Mehdi Shams, a trustee of Babek Zanjani, an Iranian businessman currently imprisoned in Iran on corruption charges and connected to Turkey's massive 2013 graft case, are actually the Iranian state's.