Iceland's government has launched its legal challenge against the supermarket of the same name. The Nordic nation has lodged papers at the EU's Intellectual Property Office - saying it wants to make sure companies there can use the word 'Iceland'. Ministers accuse the frozen food chain of 'aggressively' pursuing cases against Icelandic firms.

Fitch affirms Ras Al Khaimah at A+ and raises growth forecast
G7 to release 100 million barrels from energy stocks
First UAE-built commercial satellite launches successfully
UAE lists second Sovereign Retail T-Sukuk on Nasdaq Dubai
Abu Dhabi invests AED 300 million to advance public transport
