Fire engulfs Sharjah port
Sharjah's main cargo port was closed all day yesterday after a major warehouse fire caused extensive damage.

Iraq announces mobile winners
Licences were awarded to MTC, Asiacell and Korek on Friday in a $3.75bn auction in the Jordanian capital.

Non-Arab investors lead Dubai trade
Investors from outside Arab region account for 37% of shares sold as Gulf responds to global crisis.

NBK plans $106mn Syrian affiliate
National Bank of Kuwait plans 49% stake in new lender reflecting growing Gulf Arab interest in country.

Dubai heads for a new stock home
There's nothing like a good bit of financial fisticuffs between 'friends' to liven up the dullest month of the year.

Kuwait to fund Lebanon rebuild
The Kuwait Fund for Arab and Economic Development will spend $300mn on reconstruction efforts following the war with Israel last summer.

Hunt for mall contractors
The joint venture of Arabtec, ACC and Besix has walked away from the $186mn contract to build the Mall of Arabia at the City of Arabia project in Dubailand.

Suez Cement to buy Hilal stake
The Egyptian firm will buy 47% of Kuwait's Hilal Cement from Boodai Enterprises.

First robot surgeon produced in Iran
The first surgery robot has been produced by Iranian experts in Tehran's Scientific Research and Medical Technology Centre.

Homeowners new Strata law
Property owners in Dubai are currently preparing for life under the new Strata law, due for implementation in the future.

Alliance of titans: Microsoft goes to China
Guanxi: Microsoft, China and Bill Gates' plan to Win the Road Ahead.

Vodafone invests $1.8bn in India unit
Vodafone Essar is set to award contracts to expand operations in the world's fastest growing mobile market.

RAK island sold for 'fantasy' development
A natural island in Ras Al Khaimah has been sold to two Emiratis with plans for a $2.2bn tourist site.