Dubai says OMX weighing bids
Borse Dubai head says OMX shareholders are waiting to see whether US rival Nasdaq will sweeten its $3.7bn offer.

Dubai brings in long term rent deals
Real Estate Regulatory Authority is to introduce long-term contracts in a bid to stabilise rising rents.

Gulf banks safe from US mortgage crisis
S&P report says Gulf Arab banks are unlikely to see credit ratings affected in the foreseeable future.

Ten shortlisted for Kuwait mobile bid
Gulf banks and property firms have been selected to bid for 26% stake in new mobile operator.

Iran denies bank governor to leave
Central bank dismisses report that governor could go as part of president's shake-up of top posts.

The Ultimate Phone?
A sneak peak at i-mate's Ultimate range of phones reveals the company is taking things to the next level.

Orascom declines continue
Shares of the Egyptian telecom tumble for fourth straight session after withdrawal from Iraq mobile lience bid.

ICE Dubai oil futures waste away
Oman faring better, but hopes that contracts would transform ME into price maker are fading.

Emaar US unit hit by subprime crisis
Dubai firm says third quarter results at its US unit will be below earlier forecasts.

Gulf markets review - Aug 21
Dubai's main index is the biggest decliner in Gulf; Abu Dhabi, Saudi Arabia and Oman also ended lower.

Iraq to resume north oil flows
A new pipeline built in midst of violence will handle oil exports through Turkey, minister says.

Kuwait denies kidnapping reporter
Interior ministry says the arrest of a journalist over a web posting insulting the Amir was lawful.

National Real Estate wins malls appeal
Kuwaiti firm has won an appeal against government efforts to cancel a shopping mall operating agreement.

ACS nets $21m e-ticketing contract
Dubai transport authority picks US firm to implement electronic ticketing system on its public buses and waterbuses.

Batelco union launches 'solidarity' campaign
Trade union holds month-long campaign in support of dismissed colleagues.