Gulf currency talks due 'in days'
Bahraini foreign minister says revaluations under consideration after rulers agree not to drop dollar pegs.

Saudi opens doors to foreign investors
Foreigners will be allowed to invest in stocks and IPOs through domestic funds, regulator announces.

Public sector set for 30% pay hike
Increase expected for Saudi gov't employees after some private firms boost salaries by up to 40%.

Iran ends dollar oil sales
Opec's second biggest producer has 'completely eliminated' sale of oil in US dollars, minister says.

Dubai buys 60% of TAIB
Dubai Financial becomes controlling shareholder in Bahraini bank in purchase worth $175mn.

The hidden tax and the currency collapse
In the Gulf we certainly have a habit of dancing around sensitive subjects - inflation is one of them.

HSBC unveils Saudi indexes
Europe's biggest bank to launch two indexes to give international investors exposure to market.

UAE sets benchmark interest rate
Central bank confirms repurchase rate for certificates of deposit has become official benchmark rate.

Aramco, Sumitomo to plough $1.8bn into joint venture
Companies to expand petrochemical business, eyeing construction of new plant.

Manchester United confirms Saudi trip
Players to head to Riyadh for January training camp and Sami Al-Jaber testimonial match.

Saudi Electricity awards $1bn Rabigh contracts
Three local firms win contracts to expand generating capacity of power plant by 60%.

GCC wrongfooted by US report on Iran
Intelligence report has raised Gulf Arab concerns US pressure on Tehran could slacken, analysts say.

Emaar's Karachi homes up for grabs
Emaar Pakistan begins sales registration for apartments in its multi-billion dollar Crescent Bay community.