Saudi inflation at highest level in seven years
Inflation accelerated to 4.4% in August as rents and food costs surged, official data shows.

Legal shake-up to revolutionise Saudi justice
Human rights and business environment to benefit from legal reforms, experts say.

Yemen volcano erupts again
Volcano on small island off country's coast has once more begun spewing lava and ash into air, navy says.

Prince Alwaleed stands by Citi as profit nosedives
US bank's largest shareholder says warning of 60% drop in profit a 'mere hiccup'.

UAE money supply continues to accelerate
Money supply grew to $163.5bn by end of June, up 11.2% in Q2 on previous quarter.

Bahrain lenders arrange $480mn debt facility
Financing for Damietta International Port Company to build Egypt port project.

Riyad Bank posts profit of $191mn
Saudi Arabia's fourth largest lender sees Q3 net income increase 10% through aggressive lending.

Kurds greenlight more oil deals
Regional gov't signs four agreements despite objections from Baghdad, which claims deals are illegal.

Iraq oil exports through Turkey resume
Northern pipeline comes back online after 10-day halt following bomb attack last month.

Aabar expands interests in Southeast Asia
Abu Dhabi firm raises stake in exploration block in deal with Premier Oil Philippines.

Saudi slashes crude prices to Europe
Kingdom cuts selling prices to Europe, but raised them for Asian customers, which buy over half its exports.

Value of UAE mortgage market doubles
Market grew to $12.5bn in six month to June as lenders tap country's booming property market.

Amlak posted second biggest profit ever
Dubai Islamic mortgage firm sees net income surge 98% on higher lending and reduced borrowing costs.

Iran protests French accusations
Gov't summons French diplomat over Foreign Minister Kouchner's remarks that Iran is building nuclear bomb.

Oman to sell telco stake to boost competitiveness
Gov't plans to sell stake in Omantel to long-term investor, agrees to cut royalties.

Egyptian Resorts sale delay to give bidders more time
National Bank of Egypt denies it received low offer for 24% gov't stake in hospitality firm.

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