Borse Dubai readies full OMX bid
Reports say officials will meet this week with OMX shareholders to prepare the ground for a full takeover bid.

Arab investors plan Ahli move
Investors from Qatar, Egypt and Jordan are set to make offer for a stake in the Bahrain lender.

Omantel set for Worldcall buy
Telecom on course to buy a 65% stake in Pakistan's Worldcall by the end of the month.

Kharafi raises MTC stake
Kuwaiti group raises stake and shifts shares in telecom operator to another unit.

Qatar bank eyes CBK
Unnamed suitor in early talks to take majority stake in Commercial Bank of Kuwait, newspaper says.

Kuwait banks untouched by credit turmoil
The country's banks do not invest in tools affected by the American mortgage crisis, official says.

Qatar economy up 5.6% in Q2
Country shows recovery from first quarter decline as it boosts energy exports, according to official data.

DP World considers $2 bn IPO
The Dubai port operator could list shares on the Dubai International Financial Exchange by end of year.

Fashion for fuel
Organic shapes and a minimalist style are top priorities for Design Design's plans for Petrofac.

Iranian oil minister replaced
Caretaker minister appointed as Iran's president moves to stamp control on the oil industry.

UAE health ministry ups regulatory role
Ministry says it will upgrade healthcare facilities and develop rules and regulations governing the sector.

Pharmyard revolution
The Middle East's pharmaceutical industry is coming into its own, says Pfizer's Dr Ahmed Al Hakim. Reporting by Andrew White.

Oman council urges debt curbs
Advisory council asks government to consider laws to control rising rents and consumber debt.

Barneys plans five clothing stores
Istithmar to open five US outlets at a cost of up to $100mn before expanding overseas.

Iraqi goods to hit US stores by Christmas
Iraqi textile and leather factories are set to sign contracts which could see goods in US retailers by the end of the year.

Week in Pictures