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ABU DHABI - Abu Dhabi-based Aabar Investments has completed the acquisition of AIG Private Bank Ltd from world’s largest insurance company AIG for $253 million. The Zurich-based financial institution will work under the name of Falcon Private Bank.
DUBAI - Marriott Global Sales in the Middle East and Africa has recently launched a unique Marriott Sales Revolution Initiative across the region aimed at countering the effects of worldwide 
economic downturn.
DUBAI - Doha Bank, one of the largest private commercial banks in the State of Qatar, recently announced the financial results for the first quarter of 2009. Shaikh Fahad bin Mohammad bin Jabor Al Thani, Chairman of Board of Directors of Doha Bank, announced that the board has approved the Interim Financial Statements for the first quarter of 2009 in their meeting held 
on Wednesday.
DUBAI - Deyaar Development, one of the major property companies in Dubai is turning over all units of its just-completed Madison Residency project on May 16.
ABU DHABI - Royal Jet will add up to four aircraft to its fleet this year by acquiring them from smaller reputable business aviation operators, individual owners and corporate companies with their own business jets, on a management basis.
ABU DHABI - Investors interest in Dubai’s residential real estate has perked up as home prices on average have nearly halved since the fourth quarter of last year, according to property broker Asteco.
DUBAI - The global economic downturn has no major impacts on Dubai Customs, according to a top official. Dubai Customs does not intend to terminate any employee’s service, but to the contrary is recruiting new staff.
DUBAI - The United Arab Bank on Wednesday said it was boosting its share capital by 25 per cent to Dh996.401 million. The move was consequent to a decision taken by shareholders of the Sharjah-based bank at an annual general meeting on Wednesday to issue scrip bonus shares constituting 25 per cent of the bank’s capital.
DUBAI - The construction work on Al Manara commercial project, which is being developed by ETA Star,