A great low save to his left from Schwarzer denies Arteta and saves the day for the Cottagers in what has been a thrilling London derby.
Riether gives away a harsh penalty for arming the ball inside the area.
The away side give away a silly corner-kick, but manage to hold off another attacking foray.
Fulham survive another Arsenal surge, but there's no relief for the defence as Mannone launches a ball from the back deep into the Cottagers' half.
The Gunners were queuing up in the box to get on the end of Arteta's corner from the left, but the ball is cleared by the Cottagers' defence.
Another free header for Giroud from an Arshavin cross into the area that the two-goal striker should've done better to get on target.
Ruiz's long ball for Berbatov looks promising, only for the Bulgarian to flagged for offsides.
Ruiz whips in a decent corner from the left but Hangeland's header towards the far post is rather tame.
Cottagers making some headway upfield as they try to get some bodies forward.
Berbatov frustrated with the service towards him up front, the mercurial marksman eager to prove himself the match-winner in north London.
Gunners come again, but Schwarzer will takes some beating as the veteran gloveman easily covers a stray shot.
Arshavin on for Walcott, Duff on for Dejagah.
Andrey Arshavin looks set to comes from along with Damien Duff as both managers want to get some fresh legs out there for the home stretch.
The pace is incredible at this late stage of the game, although Dejagah seems to be breathing a little bit more deeper than everyone else.
Dejagah does well to get gather a long ball out to the right of the Gunners; box, but the cover defence is as up to the task of clearing the danger.
Schwarzer with a good save to pad away Giroud's curling effort on target.
Cottagers just about haning in there as the Gunners are relentless.
Oxlade-Chamberlain getting in on the attack with his first touch on the ball with Arsenal in the ascendency.
The Cottagers having to scramble on defene as the Gunners bare down their goalmouth.
Oxlade-Chamberlain comes on for Podolski in an almost like for like replacement.
Excellent long ball for Berbatov from Kacaniklic to chase but while the Bulgarian is dispossessed by Koscielny at the crucial moment.
Gunners catching their breathe on the ball, but still look dangerous from the back with Vermaelen more prominent upfield.
With the game really having opened up, Cazorla tries a cracking shot from range that is blocked, but the intent is there from Wenger's men to go for the jugular.
The Gunners building up a head of steam as they also look to be warming up Alex Oxlade-Chamberlain on the sidelines.
It's end-to-end stuff as both sides probe for another goal, although the ascendency right now is definitely with the hosts.
The Gunners have raised the tempo remarkably as Walcott delivers another ball into a packed box, the Cootagers managing to clear the ball.
Giroud superbly heads in from Walcott's cross from the right after the Frenchman seconds earlier struck the post.
Walcott tries to put the Gunners back on level terms with a decent shot at the near post that streaks just wide of Mark Schwarzer.
Berbatov coolly converts to the right of Mannone from the spot.
The referee points to the spot after Arteta is adjudged to have brought down Ruiz inside the area.
Dejagah in a good tussle with Vermaelen down the right as the Cottagers push up in earnest.
Cynical shirt-pulls exchanged by Ramsey and Sidwell, and both players need to be cautious at this stage of the game.
Another good attacking run from Walcott down the right, but his low shot is blocked by Hangeland.
Arsenal come again on the attack as Thomas Vermaelen looks to lead his troops from the front.
Cazorla's attempt on goal from the free-kick sails well over the crossbar. Wasted chance for the Gunners.
Sidwell escapes a second booking for a rash challenge, but Ramsey picks up a caution in his stead for dragging down Ruiz.
Great run from Sidwell down the left on the counter but the midfielder's cut-back for Berbatov is too soft and is hacked clear at the last moment.
Enterprising play from Arsenal on the offensive as Podolski looks to have got away with a cynical tug on Degalah.
The visitors having to do all the defending right now as the hosts build their attacking play down the right-side of the field.
Coquelin comes off for Aaron Ramsey to take the field.
Good run from Walcott from the right, beating two defenders but the England forward just can't keep his shot on goal down.
Walcott's delivery from a well-placed free-kick on the right doesn't provide the desired result.
Cottagers survive the latest Gunners foray, but the hosts are starting to come into their own a bit going forward.
Arsenal back inside Fulham's half and it's Francis Coquelin who is trying to make something happen down the right flank.
Ruiz and Sidwell linking up outside the box, but the latter's final shot on goal lacks the direction.
Good ball in from Walcott from the right that sits up well for Giroud inside the danger area, but the Frenchman seems to just duck under the ball.
The Gunners not as confident on the ball as their opponents, although a long ball upfield requires a Hnageland clearance with Giroud baring down on him inside the area.
Reiter, again, gets things going for the visitors down the right before they switch play to the other flank, comfortably knocking the ball about.
Cottagers pushing up in attack after the interval, Sascha Riether with a decent chase down the right before Berbatov makes a nuisance of himself off the ball on the edge of the area.
The second half is underway!
Unlucky for the Cottagers as Riise bursts down the left flank before whipping an excellent ball for Dejagah, who just can't get it in time as Mertesacker clears the late danger.
Fulham, now, pushing up over the halfway line in search of maybe a surprise goal before the break.
Cottagers doing well to contain a late burst from the home side, Jol's men having actually looked the more complete side.
Gunners press on attack, but they don't look as confident in possession as they did earlier on.
Wenger looks a frustrated man down on the touchlines as Fulham looked to have found another gear going forward.
Sidwell is now booked for a similar challenge as to Koscielny's moments earlier.
Substitute midfielder Kacaniklic pops up in the box to convert Berbatov's pass from the right after Steve Sidwell unleashed the Bulgarian with neat through ball.
Berbatov is left gobsmacked as the referee waves play on after the former Manchester Untied ace was brought down by Laurent Koscielny in what should've been a yellow card.
Cazorla tries to get things going again for Arsenal with a half-run just over the halfway line, but his closed down.
Berbatov and Ruiz running the show for the Cottagers as the duo probe in and around the 18-yard area.
It's all Fulham at the moment as the visiting side battle it out to retain possession and launch a decent attacking foray from inside their own half.
The set-piece fails to produce another goal for the Cottagers as the Gunners look to hit them on the counter with Cazorla and Podolski exchanging passes up to the halfway line.
Podolski brings down Ashkan Dejagah out on the right and it's a good attacking free-kick for the visitors.
The Cottagers now on the ball and they looks to push upfield using the wide channels.
Giroud is flagged offsides as he looks to chase down a long ball over the top.
Walcott makes a hash of a good attacking free-kick, smashing his effort into the wall with a backed box at his mercy.
Berbatov with an optimistic half-volley angled shot on goal after he chested down a ball forward.
Berbatov taps in off Ruiz's well-taken set-piece from the right for Jol's side and the visitors are back in it.
Cottagers earn themselves a corner-kick with a promising attacking foray upfield.
Giroud with a good run into the area, but Walcott's ball is just to heavy and sails out of play.
Podolski, again, trying to make moves into the box from the left, only to be sheperded out of touch.
Cottagers doing what they can to keep the Gunners at bay as Podolski and Cazorla look to link up up front.
The home support look a happy bunch as their side continue to press forward with urgency thanks to the two-goal cushion.
Podolski makes it two for the Gunners with a good finish from Mikel Arteta's nice cut-back.
The Gunners looking to capitalise on the confusion following Richardson's substitution down the flank with all the play been directed down that channel.
Alex Kacaniklic comes on for Richardson.
Richardson pulls up with what looks to be a hamstring injury as he chases the ball down the left.
Arsenal now with time on the ball and looking composed at the back.
Berbatov looking to make in-roads with a little dash from the right, only for the Gunners defence to close him down as quickly.
The home side doing well keeping the visitors pegged back inside their own half.
Cottagers patient on the ball inside their own half before switching play to the flanks through Ruiz and Richardson.
The visitors look decent going forward, but the final pass is what's alluding them at the moment.
Berbatov outpaces Per Mertesacker down the left with the Bulgarian ace trying to then play in a team-mates on the right, but to no avail.
Lukas Podolski with a decent delivery into the box from the left, but it's just too strong for an onrushing Gunners attacker.
Cottagers will rue their poor man-to-man marking as they go in search of an equaliser.
Giroud brilliantly heads in his second Premier League goal off Walcott's corner-kick from the right.
Berbatov with a lovely ball into the box for Kieran Richardson to chase, but Mannoe smothers it just in time.
Walcott, again, making a run but Brede Hangeland takes him down before the winger can really get going.
Walcott's cut-back into the 18-yard area from the right looks ominous, bit it fails to find the boot of a Gunners' boot.
Olivier Giroud with a wasteful shot from outside the box that sails well over the crossbar.
John Arne Riise escapes a caution after he pulls back Walcott trying to make a run down the right flank.
Dimitar Berbatov on the ball out on the right and keen to carry it into the box, but the striker is brought just short and unable to feed an awaiting Ruiz.
Bryan Ruiz fires in from out in front, his shot taking a deflection for a corner-kick.
Cottagers with the possession at this stage and not looking at all rattled away from home today.
The visitors looking comfortable on the ball early as they pass it around at the back before pushing up through midfield.
The match is under way!
A 3-1 victory for the Gunners with Theo and Giroud on the score sheet. David Cassell
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Mahamadou Diarra has failed a late assessment, otherwise Cottagers boss Martin Jol has no other injury concerns.
Jack Wilshere is suspended following his red card against the Red Devils, while Alex Oxlade-Chamberlain and Aaron Ramsey have passed late fitness tests and take up places on the bench. Wojciech Szczesny, meanwhile, is back to full fitness but will start off the wood with Vito Mannone retaining his spot.
Fulham are rated at 5/1 to beat Arsenal today according to our friends at Sky Bet, while it is 100/30 for the match to end in a draw. The Gunners are 1/2 to come out the winners. Theo Walcott is 11/2 to score the first goal and 9/1 to secure a brace.
The Cottagers, meanwhile, are only one league place lower than their weekend opponents, separated by goal difference, while a win for either side could take them up into the top-four, depending on results elsewhere today.
The Gunners have been off the boil on the domestic front this season, with last weekend's defeat to Manchester United leaving the north Londoners seventh in the standings, nine points behind the leaders. Arsene Wenger's men also conceded a two-goal lead against Schalke in the Champions League in midweek to finish the game 2-2.
Good afternoon, I'm Devin Hermanus and I'll be taking you through all the action as Arsenal host Fulham at the Emirates Stadium. Kick-off is scheduled for 1500 BST.