Dubai Bank, a Dubai Group company, was recently assigned a long-term rating of A3 with positive outlook, as well as a short-term local and foreign currency rating of Prime-2 from Moody’s Investors Service.

u           OMV revokes its intention published on September 25, 2007 to make an
offer to shareholders of MOL of HUF 32,000 per share

First Gulf Bank – one of the UAE’s leading financial institutions – has opened a new branch in Deira, Dubai to serve its customers.

u            EBIT increased by 63%; net income after minorities up by 52%

u            Earnings per share increased by 52% to EUR 3.78

u            Strong result contribution from Petrom with EBIT of EUR 512 mn

GCC tourist influx into Sharjah has substantially grown in summer 2008, and is expected to see further increases up to the end of summer season.

This was the Sportswear Giant’s invitation, to all    friends, to experience an outdoor workout session in the middle of Sweifieh Street, near the new Nike store.

Maktoob Research has revealed the findings of a comprehensive syndicated study on the travel industry in the UAE and KSA.

Al Hanoo Holding, one of the biggest active real estate developers in the region, has announced its sponsorship of the 14^th Hamriyah summer meeting, organized by Al Hamriyah Sports and Cultural Club in association with the general committee for sport and youth.

Venture Capital Bank has granted the architecture and development of D51 Island in The World project by Nakheel to dxb-lab Architecture. Nakheel has approved the preliminary designs.