The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.

Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.

President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.

Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.

Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.

The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.

Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.

An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.

The Japanese government got the approval of a special panel to raise the national sales tax by 2014.

Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.