Dubai Financial Market announced that the value of shares bought by foreign investors, or non-UAE nationals, during last week reached AED1.39 billion comprising 35% of the total value of stocks traded during the period. While, The value of stocks sold by foreign investors during the same period reached AED1.628 billion comprising 41% of the total value of stocks traded during the period. (Gulf News)

Dubai Investments released its 9M08 results posting a net income of AED1,669 million up 56% from AED1,070 million in 9M07. (DFM)

Abu Dhabi National Hotels disclosed its 9M08 results posting a net income figure of AED291.5 million down 11.1% from AED327.9 million in 9M07. (ADX)

First Gulf Bank is set to hold its BOD meeting on November 3rd to discuss buying 10% of the company’s shares and the bank’s ESOP. (ADX)

Abu Dhabi National Energy (Taqa) disclosed its 9M08 results posting a net income figure of AED1.6 billion up 319.9% from AED381 million in 9M07. (ADX)

Du released its 9M08 results posting net loss of AED74.0 million compared to net loss of AED738.6 million recorded in 9M07. (DFM)

Takaful Emarat released its 3 months results from May 18th to September 30th posting net income of AED1.7 million (DFM)

Agilty is set to hold its BOD meeting on November 3rd to discuss its 9M08 results. (DFM)

Fitch Ratings said in its latest report that the UAE’s gross external debt was estimated at USD170 billion by mid FY08, compared to USD145 billion at the end of FY07. (Zawya Dow Jones)

Tameer announced its strategic partnership with ADCB to offer mortgage schemes for purchasers of the Tameer Towers and The Gate Towers projects in Abu Dhabi. Under the terms of agreement, ADCB will provide financing for both residential and commercial properties in projects, rates starting from Retail Base Rate (RBR) plus 2.75%. (Zawya Dow Jones)

The UAE Central Bank will not cut interest rates in tandem with the Fed Rate cuts. (Zawya Dow Jones)

The ownership of the Plantation project has been completely transferred to Dubai Islamic Bank after the probe of its British CEO Arthur Fitzwilliam. (Al Khaleej)