NBK buys Al-Watany for $522mn
National Bank of Kuwait plans to increase its stake in the Egyptian bank to at least 90% following successful takeover bid.

No Dubai bid yet for OMX
Swedish government officials met yesterday with Borse Dubai, say would assess bid if made.

Etisalat says no Iraq mobile bid
UAE telecom says it will not bid for Iraqi licence, but will focus on Kuwait's third mobile operator.

Oil firms face uncertainty in Iran
Replacement of Iran's oil minister could make life more difficult for international firms, analysts say.

Listen to the music
The music always play with managed futures, and it plays everywhere, according to Christian Baha.

Dubai eyeing London Stock Exchange
The London bourse could be next on the list of Dubai's acquisition targets, according to reports.

Kuwait firm funds Jordan industrial city
Surooh Investment Company is planning to establish a 500km industrial city in Madaba, Jordan.

Oman launches daily newspaper
'Al Zaman' will cover political, economic and social issues, and include articles by senior local and Arab writers.

CBB launches online payment system
Central Bank of Bahrain has launched a national payment system to transfer funds between retail banks.

Etisalat targets both Qatari licences
Abu Dhabi-based firm to pitch for both mobile and fixed line licences in Qatar.

AMD to raise $1.5 billion in debt financing
Senior debt notes will help AMD to pay off loan for ATI.

DHL sharpens marketing focus
Local arm of global logistics giant DHL appoints two marketing professionals to boost firm's profile in region.

Week in Pictures