Our Correspondent / EMIRATES BUSINESS Nestle’s heritage in the Middle East goes back over 80 years to 1934 when the first import operation was set up in Lebanon. Building a foundation of trust among consumers has since made the company the region’s leading nutrition, health and wellness company. Nestle owns and operates 18 factories that cater to the region, …

  Sharjah / EMIRATES BUSINESS Sharjah Islamic Bank (SIB), a leading shariah compliant commercial bank in the UAE, successfully repaid a USD 400 million sukuk. The Sukuk was raised in May 2011 under challenging market circumstances. The funds raised under the sukuk were used for general corporate purposes and business expansion of SIB. Mohamed Abdulla, CEO of SIB, thanked the …

  DUBAI / WAM Secretary-General of the Federation of UAE Chamber of Commerce and Industry, Humaid bin Salim, said the UAE was at the top member of Organisation of Islamic Cooperation in terms of intra-OIC trade in 2014 with US$121.7 billion accounting for 15.2 per cent of the total intra-OIC trade. Turkey came second with $77.8 billion (9.7 per cent …