European bank shares plunge on Dubai debt concerns
The DJ Stoxx European bank index falls 5%, steepest drop since May amid exposure fears.

Job losses seen slowing in UAE - StanChart
Senior research exec says UAE has seen worst of impact of global crisis on jobs.

Saudi floods kill at least 77 as hajj begins
UPDATE 2: Another 900 rescued from rising waters caused by heaviest rain in years.

Etisalat set to launch Catch Up TV in Dec
e-Vision CEO says new service will initially cover five channels, to be extended to 50 in 2010.

Abu Dhabi transport chiefs give Eid gift to motorists
In celebration of Eid Al Ahda and National Day, all parking fees will be waived in UAE capital.

Emirates 'forced' to raise fares on some German routes
Dubai airline agrees to demand from German gov't 'under protest' amid threat of fines.

Daman gets tough on healthcare fraudsters
Insurer plans to double size of investigating team after recovering $1.6m in false claims.

NASDAQ Dubai chairman resigns
Soul Ba'alawy also steps down from NASDAQ OMX Group board to focus on leading Dubai Group.

Kuwait firms coping amid global crisis - Ernst & Young
New report says downturn has posed key challenges but firms are responding.

Dubai firm allays fears over future of $316m Indian IT city
TECOM unit still committed to building mega project amid Kerala gov't concerns.