Kuwait-based Gulf Holding Company (GHC) K.S.C. (holding) announced a net profit of KD5.78m ($21.61m approx) for the financial year 2007-08, with earnings per share at 7.51 fils, total shareholder's equity at KD96.10m and total value of assets at KD185.00m.

Abu Dhabi Financial Services (ADFS) has acquired a 70% stake in Egypt’s Al Salam Borkerage. ADFS is a wholly-owned subsidiary of the National Bank of Abu Dhabi. The deal’s completion is pursuant to the approval from the Egyptian Capital Markets Authority and the Egyptian Stock Exchange.