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  Dubai / Emirates Business Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly approved the distribution of 45 fils per share as cash dividend for 2016, maintaining the strong return to shareholders since it embarked on a growth agenda three years ago. The assembly also approved the bank’s 2016 financial statements. ...

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Thursday attended the Second International Forum of Islamic Banking Fiqh (IBF) at Sharjah University’s Khor Fakkan campus. “Since the opening of Sharjah Islamic Centre for the Study of Economics and Finance in Sharjah University, we have strived towards achieving the ...

  Abu Dhabi / WAM The 13th edition of the International Defence Exhibition and Conference, IDEX and fourth Naval Defence Exhibition (Navdex) concluded on Thursday with a cumulative of 90 deals worth over AED 19.17 billion signed to buy arms and defence systems for the UAE Armed Forces. Held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, ...

  BAGHDAD / AP Backed by the US-led international coalition, Iraqi forces fought their way on Thursday into a sprawling military base outside of Mosul and onto the grounds of the city’s airport, taking control of the runway amid fierce exchanges of fire with IS militants. The two-pronged advance is part of a major assault that started earlier this week ...

  Bloomberg Call it collateral damage. If Donald Trump delivers on threats to put punishing tariffs on Chinese goods, plenty of pain would be felt in Taiwan, a de facto US ally that Beijing considers a breakaway province. The island would be among the most vulnerable to economic spillover from any US-China trade war. More than 40 percent of the ...

  Bloomberg Australia’s government sold A$11 billion ($8.5 billion) of 11-year debt notes in its biggest-ever bond transaction, as investors hungry for higher yields set aside concerns stubborn budget deficits will cost the nation its AAA credit rating. It’s the third time in less than six months the South Pacific country has set a new borrowing record. It exceeds the ...

  Bloomberg A decade-long wait by India’s cash-hungry real estate and infrastructure developers may finally be nearing an end. Birla Sun Life Asset Management Co. estimates that real estate and infrastructure trusts will raise as much as 600 billion rupees ($9 billion) this year as India rolls out the much-anticipated investment products mooted in 2007. Sterlite Power Transmission Ltd. and ...

  Bloomberg The worst isn’t over for Singapore’s property market, after government curbs helped push home prices lower for a third year in 2016, said Kwek Leng Beng, the billionaire chairman of City Developments Ltd. “I do not believe the worst is over although I think the worst has slowed down,” Kwek said in a Bloomberg Television interview with Haslinda ...

  Bloomberg Bristol-Myers Squibb Co. was once one of the drug industry’s highest-flying companies. Now the pharmaceutical giant has gone from predator to prey, as its sagging stock price has invited in activist investors who are already forcing changes. It announced an agreement with Jana Partners LLC to add three board members, and later in the day activist investor Carl ...

  Bloomberg Net migration to the UK fell to its lowest in more than two years, providing a boost for Prime Minister Theresa May as she seeks to reduce the number of foreigners coming to Britain. Those arriving to live or study for a minimum of one year outnumbered those leaving by 273,000 in the year through September, the Office ...