Gulf warned of fresh terror threat
India's national security adviser tells Arab states to prepare for new wave of attacks on economic targets.

Orascom Telecom up for sale
Egyptian mobile operator may be subject of $17bn bidding war between Europe's big guns, report says.

Weather chaos for UAE
Shamal winds to strengthen, with dust and fog predicted to continue over parts of country.

Soldiers evacuated on volcano fears
Yemeni marine forces help troops from island following volcanic activity in Red Sea area.

Al Bateen set for $435mn overhaul
Oldest occupied area of Abu Dhabi City to be redeveloped with new waterfront and luxury hotel complex.

Trust fund nations: post oil economy
There has been talk over the last six months about the emerging power of the sovereign wealth funds. Mohammed Sergie reports.

NBK launches $1.5bn rights issue
National Bank of Kuwait opens share sale to existing investors to help pay for acquisitions.

Islamic bank assets to hit $1tn
Bonds and new products to drive 33% growth as more of world's Muslims seek sharia-compliant services.

Bankers on edge over revaluations
Prospect of Gulf currency revaluations discouraging sales of dollar-denominated Islamic bonds.

Binladin to build Mecca towers with $6bn loan
Saudi construction giant raising funds to build seven towers near Islam's holiest shrine.

Saudi failing software industry
Interior Ministry needs to give full to fight against software piracy, Business Software Alliance says.

Saudi plans $5.3bn railway expansion
Kingdom to expand proposed Mecca-Medina Rail Link to connect holy sites of Mina, Arafat and Muzdalifa.