Dubai creates bourse holding firm
Borse Dubai brings together DIFX, DFM for joint expansion plans in the region and beyond.

$2.2bn debt to fund UAE power plant
International Power is to finance the Fujairah 2 water and power project with a 20 year loan.

Iraqi Kurds pass regional oil law
Regional law enables Kurds to create new projects despite delays to national legislation.

UAE bans UK animal imports
Temporary ban imposed on live cattle imports following foot and mouth outbreak.

Abu Dhabi abandons command economy
The emirate's civil service has been trimmed by three-quarters, now the private sector must take the strain.

Al-Rajhi eyes foreign expansion
Gulf's largest bank to boost Malaysia branch network, considers further expansion abroad.

Kuwait, Bahrain money supply up 15%
Central bank data shows Kingdoms' money supply rose above 15% year on year in June.

UAE to air construction TV
A TV channel for construction workers could launch in the UAE, pending government permission and funding.

Building owners demand higher services
Financial sector leading the way, with international banks employing their own facilities managers.

Iran bans pro-reform daily
Sharq newspaper is closed after just three months following previous ban in crackdown on dissenting voices.

Mortgage law to boost Saudi housing market
Housing market set to boom with long-awaited financing law expected to drive demand.

Wal-Mart gets India foothold
World's largest retailer enters fast growing Indian market with Bharti Enterprises wholesale deal.

Week in Pictures