Emirates Telecommunications Corp (Etisalat) released its 9M08 results posting net income of AED7.3 billion up 32.7% from a previous AED5.5 billion recorded in 9M07. (Khaleej Times)

DFM announced that the value of shares bought by foreign investors during last week (October 12 to October 16) reached AED2.695 billion, comprising 36.4% of the total value of stocks traded during the period.  While, the value of stocks sold by foreign investors during the same period was AED3.167 billion representing 42.8% of the total value of stocks traded during the period. (Khaleej Times)

SHUAA Capital released its 1H08 results recording a net loss of AED371.1 million, compared with a net profit of AED128.6 million in the same period last year. (Khaleej Times)

Arabtec Construction and Greece based Actor Construction are negotiating a partnership agreement for the construction of Cleveland Clinic Complex in Abu Dhabi with investments worth AED7 billion. (Al Bayan)

Fitch Ratings affirmed a long term rating of “AA-“ for National Bank of Abu Dhabi and “F1+” for short term. (Al Khaleej)

The Ministry of Finance and the Central Bank of the UAE announced that the AED70 billion loan facility will be provided to banks in the form of long term deposits. (Al Itihad)