Land transactions in Dubai are expected to reach AED300 billion by end of this year compared to AED175 billion in FY07, according to the Director-General of the emirate's Land Department, indicating that  the property sector in Dubai is not experiencing any negative impact from the international financial crisis. (Zawya Dow Jones)

Shuaa Capital appointed Michael Burgess as its new Chief Financial Officer. (Zawya Dow Jones)

Ajman Bank’s CFO said that the bank will curb its foreign growth plans for now and focus on the United Arab Emirates in light of the global financial crisis. (Gulf News)

Gulf Navigation disclosed its 9M08 results posting a net income figure of AED136.9 million up 101.0% from AED68.1 million in 9M07. (DFM)

Bank of Sharjah disclosed its 9M08 results posting a net income figure of AED340.5 million up 7.8% from AED247.1 million in 9M07. (ADX)

Aramex disclosed its 9M08 results posting a net income figure of AED108.5 million up 21.4% from AED89.4 million in 9M07. (DFM)

Dubai Financial Market (DFM) signed a Depository Participant Agreement (DPA) with Citibank. The agreement will enable Citibank to provide custody of DFM listed securities to institutional and international clients, thus helping broaden the exchange’s investor base. (Khaleej Times)