Arabtec released its 9M08 results posting a net income figure of AED761 million up 121.7% from AED343 million. (DFM)

Sharjah Islamic Bank released its 9M08 results posting net income of AED287.1 million up 67.1% from a previous AED171.8 million. (ADX)

The Dubai International Financial Exchange (DIFX) announced it would list equity derivatives next month in a bid to boost liquidity and attract more investors. (Gulf News)

Emirates Integrated Telecommunications Company (du) estimates it has reached its target of 30% mobile market share, 16 months ahead of schedule. (Gulf News)

Dubai Insurance is holding its BOD on November 11th to discuss the company's 9M08 results. (DFM)

Kuwait based, National International Holding Company received ESCA’s approval to list 157.0 million shares on the DFM on Oct 27th. (Al Khaleej)

The Sharjah Government has structured a new property freehold law that is awaiting approval by the emirate's ruler. However, it has not been announced whether the law will offer property ownership only to Arab nationals or to all expatriates. (Zawya Dow Jones)

Interbank rates yesterday dropped to 4.64% compared to 4.68% the day before, after the Ministry of Finance pumped in AED25 billion to banks. (Al Khaleej)

Abu Dhabi National Energy (Taqa) will hold its BOD meeting on October 29th and will release its 9M08 results on October 30th. (ADX)

Finance and Economy Ministers of GCC nations will hold a meeting on Saturday in Riyadh to discuss the repercussions of the global financial crisis on their economies and financial institutions. Secretary general of the GCC council said that the GCC countries are witnessing an accelerating economic growth that provides an adequate opportunities for foreign investments, adding that their economies doubled during the last five years and GDP exceeded USD750 billion last year. He stated that he will also meet the EU foreign policy chief on Wednesday to discuss the planned steps between GCC and the European Union to sign the long-awaited free trade agreement. (Zawya Dow Jones)

Aabar Investments announced it will inject AED9 billion for investment expansion purposes, adding that it has a strong liquidity position of about AED2.3 billion. (Al Khaleej)

Islamic Arab Insurance Company’s (Salama) BOD approved to buy back 10% of the company’s shares. (DFM)