Emaar acquired 200,000 yesterday as it began its buy-back program. It bought shares in two tranches of 100,000, paying AED5.60 per share for the first batch and AED5.50 per share for the second.  (Zawya Dow Jones)

The UAE Central Bank Governor announced that the UAE banks have used only 15% of the AED50 billion emergency funding facilities which the UAE Central Bank provided last month for banks to cope with the shortage of funds in the interbank market. (Gulf News)

Aabar Investments disclosed its 9M08 results posting a net income value of AED606.3 million up 13 folds from AED43.8 million in 9M07. (ADX)

Abu Dhabi Aviation disclosed its 9M08 results posting a net income value of AED49.3 million up 54.3% from AED32.0 million. (ADX)

Dubai Islamic Bank (DIB) released its 9M08 results posting net income of AED1.73 billion up 35.1% from a previous AED1.28 billion in 9M07 excluding gains on transfer of interest in a DIB subsidiary amounting to AED0.62 billion. (DFM)

Global Investment House released its 9M08 results posting net income of USD385.9 million up 66.3% from a previous USD232.1 million in 9M07. (DFM)

The Board of Directors of SHUAA Capital has decided on a share buy-back program for up to 55 million shares representing 10% of the issued shares of the company. The implementation of the Board decision is subject to approval from relevant regulatory authorities. The BOD also amended Article (51) of the Company’s Articles of Association, changing the financial year from 1 April to 31 March of each year to begin on 1 January and end on 31 December of each year, subject to receiving the consent of the Central Bank (Gulf News & DFM)

Emirates NBD formally launched its new company "Emirates Money Consumer Finance LLC" after receiving the UAE Central Bank license for a new consumer finance company. Emirates Money will offer simplified loan services in Dubai, Abu Dhabi and Sharjah for this year. Moving into 2009, the company will expand into other parts of the UAE. (Gulf News)