News

  Dubai / WAM With the UAE entering the ‘Year of Giving’, as declared by the UAE President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, Dubai Cares announced that it will be providing volunteering opportunities to 4,250 UAE residents in 2017. Dubai Cares will be organizing volunteering opportunities locally and globally as part of its well-established initiatives such as Volunteer ...

  Dubai / Emirates Business The business of beauty is surging ahead in the Gulf Cooperation Council (GCC), as new research shows there’s increased spending on beauty and personal care products across the region. According to the latest figures by analysts Euromonitor International (EMI), the retail value of the GCC’s beauty and personal care market was US$9.3 billion in 2016, ...

  Dubai / Emirates Business Dr Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office, was the official representative of Dubai at the World Economic Forum 2017 in Davos, Switzerland. As part of the forum, a panel discussion was held on global smart transformation of cities, during which Dubai’s participation held a strong presence. Along with Dubai, ...

  Sharjahi / Emirates Business Sharjah Islamic Bank (SIB) announced its 2016 financial results and achieved a net profit of AED 462.9 million in 2016 compared to AED 409.9 million last year; a 13% increase. SIB Board of Directors will propose a 10% bonus shares dividend, one share for each existing 10 shares, during the next AGM meeting. Total assets ...

  Dubai / Emirates Business UAE Exchange, the global remittance, foreign exchange and payment solutions brand, attracted UAE Nationals in the financial sector at the Tawdheef Recruitment Fair in Abu Dhabi National Exhibition Centre, from January 30 to February 1. Speaking on the occasion, Abdel Kareem Alkayed, UAE Exchange Country Head for the UAE, said: “We have made significant progress ...

  Dubai / Emirates Business Under the patronage of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Dubai Trade, the single window for cross-border trade and a DP World company, commended the winners of the 9th E-Services Excellence Awards (ESEA) held in Dubai recently. The annual award event is organised by Dubai Trade to recognise ...

  Dubai / Emirates Business Emirates NBD Asset Management’s Emirates Real Estate Fund (‘EREF’ or the ‘Fund’) has won Sector Fund of the Year at the 2017 MENA FM Performance Awards for the second consecutive year. The MENA FM Performance Awards recognised funds and asset managers that have outperformed their peers over the 12 month period ending December 31, 2016. ...

Bloomberg Toyota Motor Corp. led major carmakers reporting lower US sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy. Deliveries fell about 11 percent for both Toyota and Fiat Chrysler Automobiles NV. Sales also dropped for General Motors Co. and Ford Motor Co., pacing a 1.8 percent decrease for the ...

  Bloomberg Canada’s economy may be returning to health after an oil shock, but keeping up that momentum could hinge on whether manufacturers show more resilience. Gross domestic product grew 0.4 percent in November after a surprise 0.2 percent contraction the prior month, Statistics Canada said, and advances in exports and jobs have economists projecting fourth-quarter growth at a 1.6 ...

  Bloomberg France’s election is making Europe’s markets nervous. Traders, already wearied from the 2016 gyrations that followed Brexit, Donald Trump’s victory and Italy’s referendum, are pricing in a surge in volatility for April, when the first round of French voting will occur. The scandal threatening to unhinge Republican candidate Francois Fillon’s run for the presidency has raised concerns that ...