DFM announced that the value of shares bought by foreign investors during last week reached AED1.6 billion, comprising 32.8% of the total value of stocks traded during the period.  While, the value of stocks sold by foreign investors during the same period was AED2.0 billion representing 40.1% of the total value of stocks traded during the period. (Al Ethad)

Amlak Finance (Jordan) PLC, Amlak's newly established subsidiary, announced that Jordan’s Securities Commission had approved the increase in the company’s capital by JD8 million — from JD55 million to JD63 million. (Khaleej Times)

Mashreq bank released its 9M08b results posting net income of AED1.5 billion up 15.3% from a previous AED1.3 billion for 9M07. (Gulf News)

In their meeting held in Riyadh, Finance ministers and governors of central banks of the GCC called for coordinated efforts to shore up confidence of Gulf institutions and individuals from the global financial crisis with expectations that GCC growth rates are expected to range between 4%-6% in the current year. (Zawya Dow Jones)

RAK Properties disclosed its 9M08 results posting a net income value of AED328.5 million up 8.7% from AED302.3 million in 9M07. (ADX)

Gulf Finance House disclosed its 9M08 results posting a net income figure of USD302 million up 30.7% from USD231 million in 9M07. (DFM)

The United Arab Emirates' Finance Ministry said that banks will have to pay interest every three months calculated on the US five-year T-bill to which is added 120 bps, or 4% depending on which one is higher on funds they borrow from the UAE25 billion that the government has made available. (Zawya Dow Jones)

Aldar Properties pursuant to the resolutions of the EGM of the Company dated 11 December 2006 and pursuant to the authorization granted by the BOD of the company on 19th of September 2007, concerning the conversion of the sukuk into shares in the Company and consequential increase in the share capital of the Company. On the basis of the latter, the following was decided: 1) 3,225,805 shares in the Company shall be issued through the conversion of sukuk that the Company has agreed to convert, 2) the share capital of the Company shall be increased to become AED2,577,894,735 and Article 6-1 of each Memorandum of Association and the Articles of Association of the Company shall be amended to read as follows: “The Capital of the Company has been set at the amount of AED2,577,894,735 divided into 2,577,894,735 shares, having a nominal value of one Dirham (AED1) for each share, all of which are nominal shares and paid in full”. (ADX)