Dubai takes $5.1bn stake in MGM Mirage
Dubai World to acquire 9.5% of US casino operator and 50% of its CityCenter Las Vegas development.

Nasdaq says flexible on OMX bid structure
US exchange group says it is listening to OMX owners and is flexible on terms of offer.

Emaar S&P rating rests on govt deal
Developer's credit rating could be reassessed if land for shares deal with Dubai govt falls through.

OPEC may raise oil output later in year
High oil prices are damaging OPEC's image in the market as winter approaches and crude stocks fall.

Paying to remain in a war zone
The award of three long-term mobile licences in Iraq earlier this week is a positive development given the unsteady history of the concessions since their award at the end of 2003.

DFSA may revoke Forsyth subsidiary's licence
Dubai's watchdog gives firm until Sunday to show it complies with DFSA regulations.

Dubai considers pulses futures contract
DMCC says contract could include variety of food crops and may allow for physical delivery.

Gulf markets review - Aug 22
Dubai fell below 4,000 points for the first time in 15 weeks; Abu Dhabi's index fell for an eighth day.

Boustead Singapore in Libya township deal
Engineering firm buys into $197mn joint venture to design and build a township in Libya.

Iran eyes Afghan mines exploration
Officials urged to pave the way for Iranian exploration of Afghanistan's huge reserves of metal ores.

Dubai buys into Indian broadband firm
Dubai Investment Group has bought a 40% stake in Internet TV provider Time Broadband.

Korek Telecom said to be in talks with Iraqna
Iraqi operator wants to buy assets of Orascom Telecom's mobile subsidiary in Iraq, according to report.

Emirates, Airbus conclude A380 Dubai tests
Four A380 flights take off from Dubai International Airport during a week of extensive compatibility testing.