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 President Donald Trump blasted a refugee resettlement deal with Australia in a late-night tweet, throwing the fate of more than 1,000 displaced people and the U.S.’s relationship with a key ally into doubt. “Do you believe it? The Obama administration agreed to take thousands of illegal immigrants from Australia. Why? I will study this dumb deal!,” Trump tweeted. The …

  BUCHAREST / AP Israel’s prime minister on Thursday vowed to establish a new West Bank settlement “as soon as possible,” promising to make up for the court-ordered demolition of an illegal settler outpost. Benjamin Netanyahu’s announcement was his latest step to expand Israeli settlement construction in the wake of President Donald Trump’s inauguration. Trump has signaled a far softer …

  BUCHAREST / AP Romania’s president said on Thursday he would ask judges to declare unconstitutional a government decree that dilutes what qualifies as corruption, after hundreds of thousands protested against the measure. President Klaus Iohannis said on Thursday that he would take the emergency decree to the Constitutional Court, which is the last legal resort to stop the law. …

  WASHINGTON / AP The White House has issued a cryptic warning that the US will act against Iran unless it stops testing ballistic missiles and supporting Houthi rebels in Yemen, but declined to say what retaliatory actions the US would pursue. Michael Flynn, President Donald Trump’s national security adviser, forcefully denounced Iran’s behavior in his first public remarks since …

  SEOUL / AP In his first public remarks abroad as US defense secretary, Jim Mattis on Thursday criticized North Korea for provocative acts and said he would consult with South Korean and Japanese officials about whether the current strategy for getting the North to curtail or eliminate its nuclear and missile programs is adequate. Mattis spoke to reporters aboard …