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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.

Emaar Reshuffles Board

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

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.

Sorouh Elects New Chairman

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

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.

ADX Denies Trade Inquiry

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

ENBD May Lay Off 15% Of Staff

According to sources, the UAE-based bank is planning to let go of its employees to cut costs. The bank has refused to comment.

Dubai Mulls Essex House Hotel Sale

Government-owned Dubai Group is currently reviewing the potential sale of the Manhattan-based property.

GCC Oil And Gas Reserves Worth $65trn

The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.

Aldar, Sorouh Eye Merger

The UAE-based property developers are discussing ways to merge in a government-backed tie-up.

Abu Dhabi Will Issue New Hotel Licences

The emirate will not stop issuing new hotel licenses as previously reported by local media, but will be selective in the number it grants.

Sharjah Wooing Tourists

More than 1.5 million tourists visited the emirate last year, and the city is putting in several efforts to attract more visitors in the future.

17 GCC Billionaires Make Forbes List

The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.

Dubai Lynx Awards Announced

P&G was named advertiser of the year, while Y&R Dubai bagged the advertising agency of the year award.

NMC Plans London IPO

Healthcare provider NMC hopes to raise $250 million through the listing, and plans to use the funds for further expansion.

ENBD Issues First CNY Bond

The 750 million renminbi bond, which matures in 2015, was 5.7 times oversubscribed, the bank said.

ME Sukuk Volumes To Reach $14bn

The issuance of Islamic bonds in the region could reach over $14 billion this year because of increasing investor demand, according to HSBC.