Qatar bank calls off Ahli bid
International Bank of Qatar says further talks over its $6.1bn bid for Ahli United Bank are unlikely to be productive.

Kalimat considers foreign approaches
Iraqi fixed line operator ready to sell substantial stake to foreign investors looking for foothold in country.

Amanah seeks $112mn in IPO
Kuwait's Islamic logistics company is to start selling 60% of its shares on Monday in an initial public offering.

Saudi inflation to rise to 2.8%
Consumer and investment demand is likely to continue putting upwards pressure on prices, report says.

Loose change
Financial planner Sandi Saksena reveals how expatriates can prepare for the golden years of retirement.

Madina to list on Dubai bourse
UAE authorities have approved Kuwait's Al Madina for Finance and Investment Co. for the listing.

Opening up to securitisation
After a slow start, Gulf institutions are finally showing more interest in securitising income from their assets.

No extension to UAE labour amnesty
Stiff penalties will be enforced on sponsors and violators at the end of the three month amnesty, officials say.

Demand for transformers stretches Bahrain
Bahrain says the number of power transformers in the country is increasing at a rate of 40 per month.

Subex bags Middle East, Africa contracts
The Indian software firm will provide revenue assurance and fraud management systems to Middle East customers.

Jordan's MoICT extends Microsoft pact
The Ministry of Information and Communications Technology (MoICT) in Jordan has renewed a strategic partnership agreement with Microsoft.

Maersk moves Asian business to DP World terminal
The largest container carrier in the world is shifting 80% of its Korean traffic to Pusan Newport.

Canadian quick service giant to debut
MTY Food Group is to roll out in Middle East in partnership with the Gulf Consumer Corporation.