Dubai / WAM Dubai Islamic Bank (DIB) the largest Islamic bank in the UAE, announced that it hosted the second UAE Sharia Departments Forum. The event, which was established a year earlier, serves as a platform for Sharia departments of Islamic financial institutions to conceptualise, evolve and drive the development of Sharia compliance in the UAE. This year, the forum …

  Dubai / WAM Emirates NBD, a leading banking group in the region, has signed a Premier Partnership agreement with Expo 2020 Dubai to become its Official Banking Partner. The partnership marks Emirates NBD’s long-term commitment to supporting the growth and development of the UAE, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, …

  Bloomberg US forces began installing a missile-defense system in South Korea, sparking protests from local residents and complaints from China as tensions mount over North Korea’s nuclear program. South Korea’s defense ministry said the Terminal High Altitude Area Defense system, known as Thaad, should be operational by the end of the year. American forces were working with Korea to …

  BLoomberg Russia is still trying to undermine Montenegro’s NATO membership with continued cyber attacks after last year’s failed coup attempt, but no one can stop the tiny Balkan nation from joining as early as next month, the country’s defense minister said. Lawmakers in the Adriatic state of 630,000 people will formally agree to join the North Atlantic Treaty Organization …

  BLoomberg German lawmakers laid out a sweeping series of conditions for Brexit talks with the U.K., and demanded a say on the final outcome. A resolution to the lower house of parliament put forward by the governing parties sets out the Bundestag’s terms for future access to the single market once the U.K. leaves the European Union, and imposes …

  Bloomberg HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s Saudi Arabia ventures are exploring a potential merger to create the kingdom’s third-largest lender with $78 billion in assets. Alawwal Bank, which is 40 percent owned by RBS, plans to start initial talks with HSBC’s Saudi British Bank, according to a statement on Saudi stock exchange website. Both …

  Bloomberg Standard Chartered Plc’s return to its roots as a trade bank is bearing fruit. The bank’s shares jumped as much as 5 percent as first-quarter profit topped estimates, fuelled by the biggest increase in transaction banking revenue in more than three years. The lender said it would consider reinstating its dividend next quarter. Chief Executive Officer Bill Winters …

  Bloomberg Deutsche Bank AG named Mike Weir to run par loan trading in the U.S., replacing an executive who joined Credit Suisse Group AG this year, according to a person familiar with the matter. Weir, an employee at the German bank since 2014, succeeds Mike Eilert, the person said, asking not to be named because the appointment hasn’t been …

  Dubai / WAM Dubai is poised as the first Arab city to lead the region at par with top global players and ranked fifth on the list of the world’s most competitive and attractive maritime clusters, according to an international survey conducted by Menon Business Economics Group, the globally renowned organisation for benchmarking leading maritime capitals of the world. The …

  Dubai / WAM Dubai’s Department of Tourism and Commerce Marketing, (DTCM) Dubai Tourism, announced the launch of “Dubai Expert,” an innovative online educational game created exclusively for travel agents. The announcement was made to travel professionals attending this year’s Arabian Travel Market in Dubai. Created in collaboration with the Dubai College of Tourism (DCT) and KTM Advance, a specialist in e-learning, …