Gulf's biggest IPO planned
Saudi Aramco's $9.8bn petrochemical joint venture to sell shares this year, source says; may float 25% stake.

Dubai blast-off set for 2008
State-owned EIAST working on design and development of first satellite, testing to start this year.

Qatar set to win LSE stake
State investment fund is set to win auction of Nasdaq's 31% stake in London Stock Exchange, newspaper says.

Sheikh Mohammed ranked 'coolest' celebrity
Young GCC males place Dubai's ruler above Brad Pitt and Johnny Depp in 'cool' rankings.

Now is the time to offer incentives
Reading about how a young site engineer has the potential to get a 50% hike in his salary every three months got me thinking that I may be in the wrong profession.

Jazeera Airways plans November listing
The Kuwaiti low cost carrier plans to list shares on the Kuwait stock exchange.

Mashreq may swoop for Egypt lender
UAE bank considering bid for state-owned Banque du Caire as part of plans to expand in country.

Global banks still wary of Middle East
Regulatory environment and political instability concerns for Western banks looking to invest, study shows.

Kuwait August M3 up 19%
Money supply in Kuwait rose in August at the second-fastest pace this year.

Danube in $8mn RAK expansion
Construction supplier will open new facility to tap unprecedented demand for building materials.

Iran, UAE's Crescent locked in gas price row
Iran says it will find other customers if UAE firm does not agree to higher price.

Iran satisfied with OPEC quota
Oil minister says he is happy with output target despite it being lower than August production.

Jordan reveals nuclear plans
Country expected to operate first nuclear power station within next ten years, according to an official.

Saudi Industrial to float Petchem
Group to double capital in early 2008 to set up new firm in JV with Chevron Phillips.