Bush urges Arabs to reach out to Israel
US president says Arab states must show they believe Israel has permanent home in Middle East.

Chinese firms win $443mn Saudi Port deal
The new Red Sea Gate terminal will increase capacity of Jeddah Islamic Port by 45%.

Bounced cheques, unpaid bills plague Riyadh business
Business community filed legal claims worth $124mn during first 10 months of year.

American spy loses court appeal
Qatar appeal court upholds life sentence for US engineer caught selling industrial secrets.

Air taxis to beat Dubai congestion
Private cab firm to rise above city traffic with the launch of a fleet of 10 helicopters.

There's more to the Gulf than buildings and bling
Gemma Greenwood reveals why GCC countries need to better market their attributes.

Gulf investors could target Eurobanks
Analysts say investors may be looking at Citigroup-type deals with cash-strapped banks.

Kuwait considers new trading system
Stock exchange looks to European systems to make market more attractive to foreign investors.

Minor hiccup for DP World on day two of trading
Shares in ports operator slip more than 5% on DIFX to close 1 cent lower than IPO price.

Iran official found guilty of propaganda
Former nuclear negotiator acquitted of espionage charges which could have carried death penalty.

Emaar unveils Bay La Sun tower
Red Sea residential units up for sale in Saudi Arabia's King Abdullah Economic City.

Saudi Telecom grabs Kuwait telco stake for $900mn
Operator beats off rivals in contest for stake in country's third mobile phone company.