Tamweel disclosed its 9M08 results posting a net income figure of AED573 million up 134.8% from AED244 million in 9M07. (DFM)

Aldar disclosed its 9M08 results posting a net income figure of AED3.4 billion up 138% from AED1.4 billion in 9M07. (Al Khaleej)

Union Properties disclosed its 9M08 results posting a net income figure of AED801 million up 70% from AED471.2 million in 9M07. (DFM)

National Bank of Umm Al Qaiwan disclosed its 9M08 results posting a net income figure of AED236 up 1.7% from AED232 million in 9M07. (ADX)

The National Bank of Ras Al Khaimah (Rakbank) released its 9M08 results posting net income of AED480 million up 64.4% from a previous AED292.0 million in 9M07. (Gulf News)

At the VAT Conference that took place yesterday in Dubai, officials stated that the services sector like education and health as well as food will be exempted, whereas cement and infrastructure raw materials will be temporarily exempted. They also stated that it may range between 4%-7%.The threshold at which businesses pay Value Added Tax is expected to be set at AED3.5 million. (Khaleej Times & Al Bayan)

Deyaar is finalizing terms and conditions to offer its employee stock option plan. The company also will postpone its plan to raise AED5.0 billion through sukuk issuance. (Emirates Business 24/7)