National Bank of Abu Dhabi (NBAD) Board of Directors reported net attributable profits of AED 2,505 million or AED 1.57 per share, 19% up on 2006. Operating income reached AED 3,665 billion, 24% up on 2006.

The Dubai International Financial Centre Courts ("DIFC Courts") announced the appointment of six new judges to interpret laws and issue orders for the enforcement of laws in the Dubai International Financial Centre.

Abraaj Capital announced that it has partnered with Acibadem Healthcare Services, Turkey's leading healthcare provider, to support its ongoing expansion in Turkey and establish the company's presence in the Middle East.

Burgan Bank has successfully maintained EMV compliance for issuing and acquiring Debit and Credit cards for Visa (both debit and credit) and MasterCard (credit only) using internal systems.

A huge fire whipped through the Central Bank of Iraq in Baghdad on Monday, causing serious damage to three floors of the 10-storey building, an interior ministry official said.

The Dubai International Financial Exchange (DIFX) today welcomed MAC Capital Limited (MAC) as its newest Member firm able to trade shares and other securities.

Some Dubai Holding companies will issue IPOs in the next two years, the Minister of State for Cabinet Affairs and Chairman of the Board of Dubai Holding has said.

A recession in the US and the developed markets could benefit the GCC economies and the regional stock markets, according to Dubai-based Damac Securities.

BNP Paribas in the Gulf is has announced that BNP Paribas Securities Services' new team has joined the regional GCC platform as from January 2008.

CAAM Saudi Fransi LLC (CSF) has started in Saudi Arabia its activity in practice of asset management products and services, the company said.