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LONDON - Gold fell on Wednesday as a media report quoting Germany’s Angela Merkel as saying she could not be sure the European project would work knocked the euro, and after the Federal Reserve disappointed markets by failing to unveil more economic stimulus plans.

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ATHENS - Greek coalition leaders agreed to meet next week to hammer out almost 12 billion euros worth of austerity cuts demanded by the near-bankrupt country’s lenders after a deal proved elusive at an initial round of talks on Wednesday.

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ROME — Auto giant Fiat will temporarily suspend production at one of its Italian plants between August 20 and 31 in response to slumping European car sales, the company said Wednesday.

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Unemployment in the United Kingdom fell to 8.1 percent in the March-May quarter, down from 8.3 percent in the previous three months, official data showed Wednesday.

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Tokyo stocks opened 0.47 percent higher on Wednesday after Wall Street rebounded amid hopes for further monetary easing in the United States.

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The International Monetary Fund, or IMF, raised its 2012 growth forecast for the Middle East and North Africa region while revising its global growth estimate slightly downward.

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Emaar Properties on Monday hit an 11-week peak ahead of its quarterly earnings, lifting the emirate’s bourse to its highest close since May 9.

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Dar Al Takaful, one of the fast growing Islamic insurance companies in UAE, has launched their new suite of travel insurance products named ‘Terhal’ to boost its share in fast-growing travel market.

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The capital’s most luxurious mixed-use property, Etihad Towers Abu Dhabi, is now up for grabs.

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