Continued strong public spending expected to support non-oil growth in many oil producing countries

UAE. IMF Regional Economic Outlook Update looks at the implications of the economic roads ahead for the Middle East, North Africa. Afghanistan, and Pakistan (MENAP) region against the backdrop of complex political, social, and economic transitions.

• Barclays bullish on equities, expectations of recovery on gold are mixed
• Louis Vuitton loses ground as world's most valuable luxury brand
• Saudi Arabia leads equity issuances with listings over US$100 million, finds Deloitte

Saudi arrests 10 Iran spy suspects, says interior ministry

SAUDI ARABIA. The eight Saudis, a Lebanese and a Turk bring the number of people arrested to 28, the official SPA news agency quoted the spokesman as saying.

• Syria, Israel exchange fire on Golan Heights
• Continued strong public spending expected to support non-oil growth in many oil producing countries
• Barclays bullish on equities, expectations of recovery on gold are mixed

JPMorgan shareholders keep Dimon chairman, CEO

INTERNATIONAL. JPMorgan Chase shareholders Tuesday voted down a shareholder proposal to split the chairman and chief executive roles, handing bank chief Jamie Dimon a big victory.

• Saxo Bank launches Saxo TV
• Dubai Holding's TECOM Investments announces new operational structure
• Dubai's property agency Better Homes delivers world-first tool for end users