Gulf currencies surge on revaluation report
Currencies hit record highs after news that UAE could revalue dirham as early as Sunday.

Zabeel Investments revealed as second Sony buyer
Dubai private equity firm co-investor in recent acquisition of Sony stake.

UAE to build $73mn munitions plant
Abu Dhabi-based facility will produce and test bombs and ammunition for region's armed forces.

Saudi foils oil attack plot
More than 200 militants arrested for planned attacks on oil facility, clerics and security forces.

Premiership manager arrested in corruption probe
Portsmouth manager Harry Redknapp among five people held for conspiracy to defraud and false accounting.

Lack of scholars hinders UK Islamic finance
British efforts to become hub for industry held back by shortage of sharia scholars.

Sri Lanka turns to Iran to fund infrastructure
Country borrows $1.5bn from Iran to fund housing, power and irrigation projects.

Musharraf steps down as army chief
Pakistani president to be sworn in as civilian president, ending eight years of military rule.

Iran ready to reveal nuclear espionage
Details of case against former nuclear negotiator whose charges were dropped to be published.

Bahrain's future challenges laid bare
WEF unveils three scenarios for Bahrain's future, tackling political reform and regional relationships.

EIP plans $381mn marina in Abu Dhabi
Abu Dhabi Marina will include five-star hotel, apartments, townhouses, offices and commercial space.

Sweet Homes to build $682.8mn Ajman township
Dubai-based real estate developer unveils Ajman Uptown residential project.

Qatar Airways launches flights to Stockholm
Carrier becomes region's only airline to serve Nordic region with launch of flight to Swedish capital.