Prince Alwaleed to invite bids for mile-high tower
Building could be twice as high as Burj Dubai, set to become world's tallest structure.

Soaring cost of living top reason to quit job
ArabianBusiness.com Salary Survey reveals inflation has taken toll on Gulf workforce.

Saudi inflation breaks through 7% barrier
Inflation reached highest level in 25 years in January, spurred by rents and food costs.

Iran vows reprisals over sanctions
'100 years' of resolutions would not change nuclear programme, warns Ahmadinejad.

EU eyeing wealth fund code of conduct
Voluntary code would ask funds to stress commercial goals over strategic considerations when investing.

Zain Saudi Arabia IPO 183% oversubscribed
Over eight million Saudis offer $4.8bn towards IPO of third mobile operator.

Gulf International hit by subprime crisis
GCC-owned bank suffered $757mn last year because of exposure to US mortgage crisis.

Arabtec wins $75mn Jordan deal
Damac awards contract for two buildings at its Abdali development project in Amman.

Iran Khodro says business with China hit
Chinese moves to cut banking business with Iran affecting region's biggest car maker.

Iran calls for March production cut
Tehran says it expects Opec to cut oil output when it next meets, citing spring drop in demand.

Kuwait doles out allowances, risks stoking inflation
Nationals in public and private sector to get extra $439 per month to ease costs burden.

Turkish raids kill dozens in Iraq
Three-day-old ground offensive threatens to destabilise the region, warns Iraqi foreign minister.

Residency cap 'unlikely' in near future
Controversial proposal not likely to be endorsed by all GCC states, officials say.

Businesses fear impact of inflation
Nearly half of firms surveyed in Saudi Arabia last month expect inflation to have negative impact on business.

Over 4,500 permitted to contest Iran elections
However, 2,200 candidates disqualified despite public outcry over vetting procedure.

Port Rashid overhaul worth $12bn
Nakheel set to brief investors and developers on its massive redevelopment of the Dubai port.

Sharapova marches into Qatar Open final
Australian Open champion maintains unbeaten record with hard-hitting win over Radwanska.

South Korea win second East Asian football cup
Side boosts World Cup qualifying campaign after fighting out 1-1 draw with regional rivals.

Nakheel splashes $315mn on Mexico resort
Dubai-owned developer agrees to buy 50% of Los Cabos resort, first foray in Latin America.