Dubai eyes subprime casualties
Istithmar targets US firms hit by exposure to high-risk mortgages.

Kuwait group buys Sudan river authority
Aref Investment Group in $105mn deal bringing investment to the Nile river trade route.

Sweden shelves Borse Dubai probe
Economic crimes unit says no reason to believe offence was committed in OMX bid.

GCC-China ties hindered by culture
Lack of cultural understanding could act as barrier to trade, officials warn.

The key to keeping sites healthy
Rigorous enforcement of new laws will ensure the industry is healthy in both body and mind.

QNB agrees Syria bank launch
Qatar National Bank has agreed with partners to set up and manage Syria-based lender.

Amanah suspends IPO on gov't order
Kuwaiti logistics firm is told to suspend initial public offering until issues clarified.

Egypt shares up on Orascom JV
Surge of foreign buying in Orascom after news of $2.2bn joint venture with Korek Telecom.

Iraq oil law drags on
After months of wrangling major disagreements still to be resolved before law can be passed.

Dana discovers oil in South Egypt
Dana Gas has found an oil field containing light crude in the far south of Egypt.

NBD appointed escrow account bank
NBD becomes first UAE bank to offer escrow accounts within both conventional and Islamic banking.

National Bank of Dubai launches online Arabic service
Bank claims is first in the UAE to offer online banking in both English and Arabic.

Orascom to form joint venture with Korek
Orascom Telecom agrees to $2.2 billion alliance with Kurdish operator Korek Telecom.