MPs demand action as costs spiral out of control
Kuwaiti lawmakers call on gov't to curb rising prices as food and housing costs fuel inflation.

UAE concedes defeat on GCC currency deadline
Single currency unlikely by 2015, let alone by 2010 deadline, central bank governor says.

Emaar wins colossal $20bn Algeria development
Developer to build four projects around Algiers in country's largest ever property deal.

Oil prices of $100 to become norm
Consumer nations reeling at rocketing oil prices can expect much worse next year, economist warns.

Saudi mega projects hit by credit crunch
Firms looking finance projects will struggle in market reeling from global credit crisis, bankers say.

Iraq oil exports jump
Oil exports rise in September after the sale of nearly five million barrels of Kirkuk crude, shipping sources say.

OMX bidding war looms large
Qatar files for investment approval to raise stake in Nordic exchange owner above 10% threshold.

UAE markets to recover from slump
Strong growth, attractive valuations and improving market access will spur turnaround, report says.

Amlak agrees mortgages for Dubai projects
Islamic lender to cover up to 90% of value of units in two Cayan developments.

GCC condemns Iraq break-up
Gulf Arabs states strongly opposed to US Senate resolution calling for partition of Iraq, head of GCC says.

Charity appeals for funds to help Saudis in need
Awasser needs $2.7mn if it is to continue with mission of looking after nationals living abroad.

Dubai, India to develop $12bn housing project
State-owned real estate firm Limitless to work with India's DLF to build township in Bangalore.

Ajman unveils $3bn marina project
Ajman Marina aimed at transforming emirate into commercial and residential seaside haven.

High prices hit gold sales
Volume of Abu Dhabi's gold sales fall 20% in September, bad start to October, industry exec says.

SCA brings feminine touch to region
Swedish paper products firm in $18.5mn venture with Jordan's Nuqul to sell feminine hygiene products.

Oger eyes expansion in Central Asia
Dubai-based operator will bid in privatisation tenders for telecom companies in Azerbaijan and Kazakhstan.

Kuwait's Kharafi raises stake in Zain
Family-owned conglomerate now controls over 9.5% of second largest Arab telecom firm.

Gov't shelves Egyptian Resorts sale
Egyptian gov't indefinitely delays auction for 24% stake in hospitality firm scheduled for Tuesday, official says.

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