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Abraaj sells stake in Maktoob.com Dubai private equity firm says in statement internal rate of return from sale is more than 75%.

Petition to be launched over Saudi blogger arrest Reporters without Borders plans to launch petition this week, write to minister of interior.

Noor unfazed by Abu Dhabi rival Dubai Islamic lender welcomes launch of Abu Dhabi’s Al Hilal Islamic Bank, chief executive Al Qemzi says.

Emaar awards Jeddah Gate contracts Two firms have been handed infrastructure deals for Emaar Middle East’s flagship project.

Saudi blames market for sky high oil prices Oil minister Ali Al-Naimi silent on whether Opec will raise production at February meeting.

Saudi police arrest blogger Authorities in the kingdom have detained popular critic for violating ’non-security regulations’.

French city Lyon to be rebuilt in Dubai The 400-hectare development may be built near Burj Dubai at a cost of $740mn, Lyon officials say.

Arab Monetary Fund warns against repegging AMF wants more freedom for Central Banks to control interest rates and stem inflation.

Raya studying bid for Egypt fixed-line licence IT and communications service provider to team up with international telco.

Gulf state allows dinar to fall on first trading day of New Year, after the dollar rallied against the euro in recent trading.
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Trading hours on Bahrain Stock Exchange will increase from one to three hours.
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Dubai Islamic lender welcomes launch of Abu Dhabi’s Al Hilal Islamic Bank, chief executive Al Qemzi says.
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