Riot police in Iran have clashed with protesters in the capital over sharp falls in the currency, the rial.
Tear gas was used to disperse the demonstrators, some of whom were setting fire to tires and rubbish bins. There were many arrests, reports say.
Eyewitnesses told the BBC that scores of people gathered outside the central bank, calling for the governor to stand down, chanting anti-government slogans.
The rial has plummeted to record lows against the US dollar in recent days.
National Bank of Fujairah will replace British lender Barclays PLC on the United Arab Emirates' interbank rate setting panel, the banking regulator said on Thursday.
"Following the withdrawal of Barclays Bank from the Eibor fixing process, the National Bank of Fujairah was selected by the Eibor panel banks to join the Eibor panel, starting October 8 2012," the statement said.
Sources told Reuters last month that NBF, the 11th-largest bank by market capitalisation in the UAE, would join the panel after the U.K.-based lender quit the panel in July.
The airline industry is expected to continue its growth in the Middle East but at a slower pace than previous years, British Airways Middle East Commercial Manager Paolo De Renzis has said.
“I see growth due to strong demand, but I don’t know if it will continue at the same pace,” Renzis said during an interview held in Beirut’s eastern suburbs hours before the touchdown of the first British Airways plane at Rafik Hariri international airport since 1992.
British Airways began running flights to Lebanon in 1987, but ended operations five years later.
Speculative buying will continue in Dubai, but the emirate’s property market is much better regulated now, experts at Cityscape have said. Rampant off-plan property buying by speculators in Dubai’s property market before the financial crisis was one of the main reasons that the emirate’s real estate market crashed in 2008/2009,with prices dropping upto 60 per cent.
But the positive reaction to the two recent off-plan projects announced in Dubai proves that interest has returned to the segment.
Emaar’s latest project, The Address The BLVD, sold all of its serviced residences on the first day of sale. Long queues of people also reportedly waited to buy Nakheel’s Jumeirah Park Legacy villas earlier this week.
“I think the people who are investors in the off-plan market must have learnt lessons [from the financial crisis]because some of those people were affected badly by the downturn in pricing,” said Nick Maclean, managing director at CBRE Middle East.
Kuwait's central bank is cutting its discount rate by 50 basis points to 2 percent to help bolster the banking sector and support the economy, state news agency KUNA announced.
The cut, which will take effect from October 4, is the first move since February 2010, when the bank cut the discount rate by 50 basis points to 2.5 percent, according to Reuters data.
The central bank wants to help create a good atmosphere for the banking sector and improve the performance of non-oil sectors of the economy, KUNA said, citing Central Bank Governor Mohammad al-Hashel.
Turkish artillery has renewed firing at targets in Syria after shells from across the border killed five Turkish nationals.
Several Syrian troops were killed by Turkish fire, activists from the Syrian Observatory for Human Rights said.
Turkey's border town of Akcakale was shelled, apparently by Syrian government forces, on Wednesday, killing a woman and three children.
US Republican Presidential candidate Mitt Romney was seen to have come out on top after the first presidential debate, with Barack Obama performing badly.
The focus of the debate was on domestic issues, foreign policy was not discussed in depth.
A $1bn (£621m) project to build a replica of the Taj Mahal has been unveiled in the Gulf emirate of Dubai.
The Taj Arabia complex would be much bigger than the original monument to love and include a 300-room hotel, shops and commercial buildings, developer Arun Mehra said.
It would be ready by 2014 and be known as the "New City of Love", he said.
The complex will also house other structures such as the Eiffel Tower, Pyramids and the Great Wall of China.