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  • DUBAI, Oct 2- Qatar Islamic Bank, the Gulf state's largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this week, arranging banks said on Tuesday. Benchmark-sized is understood to be at least $500 million. HSBC, Standard Chartered, Deutsche Bank.

  • DUBAI, Oct 2- State-owned Dubai Real Estate Corp. has taken over the management of Zabeel Investments, the indebted firm owned by Dubai's crown prince, the chief executive of Investment Corporation of Dubai said on Tuesday. It owns the lavish Zabeel Saray hotel on Dubai's man-made Palm Jumeirah island.

  • Bahrain's Ithmaar Bank to merge with affiliate Tuesday, 2 Oct 2012 | 2:28 AM ET

    DUBAI, Oct 2- Ithmaar Bank, Bahrain's sixth-largest bank by market capitalisation, is in advanced talks to merge with an affiliate through a share swap agreement, the Islamic lender said in a statement on Tuesday.

  • *State-backed merger to create entity with $15 bln in assets. DUBAI, Oct 2- Talks of a potential merger between Abu Dhabi property firms Aldar Properties and Sorouh Real Estate are at an advanced stage but a due diligence process was still ongoing, the two companies said in a joint statement on Tuesday.

  • Asia Oil Swaps-Gasoil weakens on ample supply Tuesday, 2 Oct 2012 | 12:58 AM ET

    SINGAPORE, Oct 2- Asia's gasoil refining margin weakened on Tuesday, hurt by increasing supply in the market. The front-month November margin fell 16 cents to a premium of $18.86 a barrel to Dubai crude, lowest in four sessions, according to Reuters data. In the fuel oil market, inter-month spreads were weaker as demand from China and Japan was lacklustre.

  • DUBAI, Oct 2- Aldar Properties:. *Aldar Properties, Sorouh Real Estate says due diligence on potential merger ongoing- statement. *Abu Dhabi's Aldar, Sorouh say merger discussions at an advanced stage.

  • SINGAPORE, Oct 2- U.S. crude eased closer to $92 a barrel on Tuesday, as concerns over the pace of economic recovery in the United States and the possibility of a recession in Europe weighed on investors. was down 14 cents at $92.34 a barrel by 2338 GMT, after settling up 29 cents at $92.48 on Monday.

  • DUBAI, Oct 1- Iran's rial plunged against the U.S. dollar in open-market trade on Monday, taking its loss in value over the past week to more than a quarter in further evidence that Western sanctions are shattering the economy.

  • Rare labor petition in Iran shows economic alarm Monday, 1 Oct 2012 | 2:16 PM ET

    TEHRAN, Iran-- For weeks, a manifesto complaining about Iran's stumbling economy circulated in secret among factories and workshops.

  • Ikea deleted women from Saudi version of catalog Monday, 1 Oct 2012 | 1:35 PM ET

    The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalog is in conflict with the IKEA Group values," the company said.

  • By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.

  • DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. launched a five-year, $650 million bond at 210 basis points over midswaps, arranging banks said on Monday. Citi, National Bank of Abu Dhabi, HSBC, Standard Chartered and Deutsche Bank are arranging the deal.

  • *Dubai lender ENBD and Morocco's Attijari among bidders. DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's AttijariWafabank have bid to buy BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks pick up assets being shed by European lenders.

  • Ikea deleted women from Saudi version of catalogue Monday, 1 Oct 2012 | 8:13 AM ET

    The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalogue is in conflict with the IKEA Group values," the company said.

  • DUBAI, Oct 1- Iranian authorities have reopened access to Google Inc's email service a week after blocking it, a government official and Iranians said on Monday.

  • Iran unblocks Google email again after for citizens Monday, 1 Oct 2012 | 7:36 AM ET

    DUBAI, Oct 1- Iranian authorities have reopened access to Google Inc's email service a week after blocking it, a government official and Iranians said on Monday.

  • Gazprom, India's GAIL agree 20-yr LNG sales deal Monday, 1 Oct 2012 | 7:27 AM ET

    DUBAI, Oct 1- Russia's Gazprom Marketing and Trading has signed a legally binding agreement to supply liquefied natural gas to India's GAIL for 20 years, the companies said on Monday.

  • *Barwa is part-owned by Qatar Holding. DOHA/ DUBAI, Oct 1- Barwa Bank, a Qatari lender part-owned by Qatar Holding, plans an initial public offering on the Doha stock exchange and is being advised by local investment bank QInvest, Barwa's top executive said on Monday. Barwa Bank is 37.3- percent owned by Barwa Real Estate Co.

  • DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. FGB's existing 2017 maturity- a $500 million Islamic bond, or sukuk,- was yielding about 2.7 percent on Monday, according to Thomson Reuters data, at a z-spread of about 207.6 basis points. Benchmark-sized is understood to mean at least $500 million.

  • DSV to buy Dubai-based Swift Freight Monday, 1 Oct 2012 | 4:58 AM ET

    COPENHAGEN, Oct 1- Danish freight forwarder DSV. has agreed to buy Dubai- based Swift Freight, it said on Monday, with the aim of expanding in the Middle East and Africa.