Kingfisher To Stop International Flights

India-based Kingfisher Airlines, which operates daily flights to Dubai, said that it was cancelling all its international routes.

DIB Announces 12.5% Dividend

The lender had earlier said that it was advised by the UAE central bank to cut its dividend to 10 per cent.

UAE Needs To Improve Workers Rights

While authorities have taken steps to improve the rights of workers at Saadiyat island, more is needed, says Human Rights Watch.

Emaar Proposes 10 Fils Dividend

The property developer said that it will discuss the proposal with shareholders during its annual general meeting on April 23.

UAE Cuts Amlak Debt By $1.1bn

However, the UAE Economy Minister said that resuming trade in Amlak stocks will take more time.

Etisalat, Emirates, STC Top ME Brands

Apple tops the global top brands list, which also includes the three entries from the GCC.

NBAD Launches $750mn Bond

The five-year dollar bond is being issued under the National Bank of Abu Dhabi’s $5 billion programme.

Abu Dhabi Issues 17,575 New Trade Licences

The total number of valid trade licences registered in the emirate until late last year reached nearly 103,792.

Etisalat Offers 3G In Afghanistan

The UAE based telecoms operator said that it was the first operator to provide 3G services in the country.

Bahrain’s Arcapita Files For Bankruptcy

The investment house filed for US bankruptcy protection after it failed to reach a $1.1 billion debt deal with creditors.

Emaar Reshuffles Board

The Dubai-based property developer retained four of its current eight board members and added seven new members.

Bahrain Unrest Hikes Salaries By 10.5 %

Average monthly salaries for some expatriates have gone up by more than 10 per cent this year compared to 2011.

Investcorp Acquires UK Education Group

The Bahraini investment group has taken over the GL Education Group, a UK-based education solutions provider.

New iPad Out In UAE

Apple’s third generation iPad is finally available in select locations across the UAE.

Arabtec To Hire “Thousands”

The Dubai developer also said that its funding needs have eased, and that it has no plans to renew talks with Aabar for a stake sale.

Saudi Oil Exports Rose In January

The Kingdom’s oil exports rose 143,000 barrels per day in January compared to December, according to the Joint Data Initiative.

Sorouh Elects New Chairman

The Abu Dhabi property developer, which is eyeing a possible merger with Aldar, replaced its chairman last week.

Ecclestone: “Nobody’s Going To Shoot”

F1 boss says there won’t be violence at Bahrain race and protests should be peaceful.

Kuwait Airways Strike Costs $1mn

The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.

UAE To Reduce Debts Of Nationals

The central bank has instructed lenders to find means of reducing the debt burden of UAE nationals.

Aldar, Sorouh Dealings “Transparent”

The merger talks between the two Abu Dhabi-based developers are in compliance with corporate governance, a senior official has said.

UAE To Grow 2.3% In 2012

The International Monetary Fund said that the UAE’s GDP growth would be moderate this year as economic recovery continues.

UAE Spa Industry Tops $10bn

The region has witnessed a growing shift towards the wellness experience.

UAE Could Launch $1bn Bond In 12 Months

The UAE will issue its first federal sovereign bond between 12 and 18 months after it is prepared.

World Developers Offered Refund

Thailand island investors on The World development have been offered a full refund.

Emirates Hires 3,800 Cabin Crew

Emirates plans to hire 3,800 new cabin staff this year, taking its total number of in-flight crew to nearly 20,000.

Dubai CFOs On Hiring Spree

The majority of financial executives in Dubai are planning to increase staff this year, according to a survey.

Dubai Bank Ratings Removal Requested

Emirates NBD requests withdrawal of Dubai Bank’s Fitch and Moody’s ratings.

GCC To Produce 10% Of World Aluminium

Investment in the GCC’s aluminium industry has reached $14 billion to date.

ADX Denies Trade Inquiry

The Abu Dhabi Securities Exchange has denied reports that it’s going to investigate trading patterns of Aldar and Sorouh.