Bloomberg North Korean leader Kim Jong Un deployed a new weapon at the Olympics to fight back against the Trump administration’s sanctions and threats of a preemptive strike against his nuclear program: His sister. Kim Yo Jong shook hands with South Korean President Moon Jae-in, cheered enthusiastically for a unified Korean team, and displayed a sense of humor in weekend ...

Bloomberg President Donald Trump decried lives “being shattered and destroyed by a mere allegation” at the end of a week that saw the departure of two White House aides amid accusations of domestic violence. “There is no recovery for someone falsely accused – life and career are gone,” Trump tweeted. “Is there no such thing any longer as Due Process?” ...

Bloomberg President Donald Trump will appoint Nadia Schadlow to replace Dina Powell as his deputy national security adviser, according to an administration official familiar with the decision. Schadlow, currently a senior director of strategy on the president’s National Security Council, was a driving force behind the writing of the National Security Strategy, a voluminous document released in December that outlines ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA), and the Central Bank of Oman signed a Memorandum of Understanding (MoU), to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was signed in the Dubai International Financial Centre by Bryan Stirewalt, Managing Director, Supervision of the DFSA, and Tahir bin Salim bin Abdullah Al ...

Abu Dhabi / WAM Khalifa Industrial Zone of Abu Dhabi (KIZAD), and Shaheen Chem Investment LLC announced the signing of an agreement for the land lease of a two-phase chemical complex in the industrial zone with an expected investment of AED4 billion ($1 billion). The plant will support the UAE’s growing chemical manufacturing sector as well as supply major industrial ...

Dubai / Emirates Business Noor Bank, a leading Shari’a-compliant bank in the UAE, marked the UAE Innovation Month with its announcement on Sunday of the launch of its redesigned credit and debit cards. The cards unlock a world of innovation, convenience and best-in-class security, while offering a whole new suite of first-in-market benefits. Inspired by modern art and Islamic heritage, ...

Dubai / Emirates Business Emirates has announced several management appointments within its outstation commercial operations team. The changes place top Emirati talent in key country management positions in the Far East and Africa. The commercial appointments further demonstrate the airline’s commitment to strengthening its strategic direction and commercial position within these markets. The new appointments will see three UAE national ...

DUBAI / WAM Data for the opening month of 2018 signalled a pick-up in growth in Dubai’s non-oil private sector. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – rose to 56.0 in January, from December’s 14-month low of 54.7. ...

Dubai / Emirates Business Dubai will play host to the world’s largest gathering of internal auditors when the International Conference of the Institute of Internal Auditors (IIA) takes place in the city in May 2018, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. “Dubai is once ...

RIYADH / Reuters Saudi Arabian utility developer ACWA Power expects to submit tenders for projects this year worth $4.5 billion in Saudi Arabia and will also target projects in Morocco and the United Arab Emirates, its chief executive said. ACWA Power CEO Paddy Padmanathan also confirmed the developer of electricity and water projects in the Middle East, Africa and Southeast ...