Dubai rents set to soar 26.5%
Tenants have two more years of rocketing rents to live with before market begins to subside, report says.

More respite for homeowners as rates cut again
UAE lowers interest rates a second time, taking cuts to 0.25 of a percentage point.

Third blaze hits Dubai free zone
Latest fire causes severe damage to warehouse, raises questions over safety of facilities in Jafza.

Saudi riyal hits fresh high against dollar
Riyal rises to new 21-year high as speculation mounts the kingdom may revalue dollar-pegged currency.

Giving back in the Gulf
One of Saudi Arabia's most eminent businesswomen, Dr. Asya Al-Ashaikh gives us her views on how GCC companies can benefit the wider society

Saudi bourse buoyed by lifting of market restrictions
Market index rises following decision to allow Gulf Arab citizens to trade on exchange.

ICT signs $463mn financing for development
Abu Dhabi investment firm arranges funding for luxury Corniche Project in UAE capital.

Kuwait to boot Shell off China project
Gulf Arab state wants to drop Shell and instead team up with BP to build $5bn refinery, report says.

Kuwait's Zumorroda buys stake in mortgage firm
Investment company acquires 11.37% of local firm Housing Finance after days of speculation.

Dubai seizes record heroin haul
Customs inspectors confiscate 47kg of heroin in biggest ever drug smuggling attempt at Dubai Airport.

Jafza courts Indian, SKorean investment
Dubai's Jebel Ali Free Zone holds talks with delegates aimed at attracting companies to the business park.

Agility agrees $250mn stake in Iraq operator
Kuwaiti logistics firm has option to buy Korek Telecom stake in 'strategic partnership'.

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