The Federal Reserve cut discount rates yesterday by 50 bps to 1.0%. (Bloomberg)

National Bank of Abu Dhabi stated that it did not use the loan facilities provided by the government to keep credit flowing. (Al Khaleej)

Bilateral non-oil trade between Dubai and France increased reached AED7.47 billion in 1H08, up by 26.7% when compared with that of the same period in 2007. (Gulf News)

RAK insurance released its 9M08 results posting net income of AED26.0 million down 14.4% from a previous AED30.4 million recorded in 9M07. (ADX)

Gulf Pharmaceuticals released its 9M08 results posting net income of AED132.6 million up 26.0% from a previous AED105.2 million in 9M07. (ADX)

Agthia released its 9M08 results posting net income of AED54.2 million up 90.1% from a previous AED28.5 million in 9M07. (ADX)

Fujairah Cement released its 9M08 results posting net income of AED129.8 million down 4.5% from a previous AED135.9 million in 9M07. (ADX)