Dubai / Emirates Business Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded ‘Best Sukuk House’ at the EMEA Finance Middle East Banking Awards 2017 for the second successive year. The tenth edition of the EMEA Finance Middle East Banking Awards took place at the Shangri-La Hotel in Dubai recently and celebrated the regional banking ...

ABU DHABI / WAM Underlining its support to the National Reading Strategy, which extends through 2026, and as part of the month of reading, the National Media Council (NMC) has launched a media strategy for reading, with the aim of involving the media sector and enhancing its role in promoting and encouraging reading as a community habit and an integral part ...

Dubai / Emirates Business At the Dubai International Boat Show 2018, Azimut Yachts launches its new La Dolce Vita 3.0 brand strategy in the UAE important market. Drawing on one of the masterpieces of Italian neorealist film, La Dolce Vita by Federico Fellini, Azimut Yachts presents a contemporary take on a lifestyle where luxury and joie de vivre, combined with ...

Dubai / Emirates Business Dubai Land Department (DLD) has partnered with the International Property Awards (IPA), a renowned international awards programme in the real estate sector, to establish a specialised branch of the programme in Dubai called the ‘International Property Awards Dubai’ (IPAD). Under the new partnership between the two parties, IPAD will become a state-of-the-art global real estate industry ...

Abu Dhabi / Emirates Business On a quite weekend evening, around 70 avid bikers thundered into Al Seef Village Mall, Abu Dhabi on their gleaming powerful two wheeled machines to meet at the Biker’s Cafe for a pleasant experience. While the bikers kicked up interest amongst diners and onlookers, they were in for a pleasant surprise as well. They were ...

Bloomberg China will host US officials for a new round of dialogue on trade issues, Vice Foreign Minister Zhang Yesui said at a briefing, as tensions rise between the world’s two largest economies. Zhang, who is also spokesman for the National People’s Congress, said that China doesn’t want a trade war but wouldn’t allow its interests to be harmed. He ...

Bloomberg The latest winner of the SoftBank Group Corp. lottery is DoorDash Inc., a food-delivery app. SoftBank’s Vision Fund is leading a $535 million investment in the San Francisco-based company, almost triple the amount of capital the company had raised in the last five years. The deal, which includes funding from Sequoia Capital and Singapore’s GIC Pte sovereign-wealth fund, values ...

Bloomberg Sea Ltd., operator of Southeast Asia’s biggest gaming platform, reported mounting losses amid investments for growth and said Group President Nick Nash will leave his position at the end of the year. The Singapore-based company reported its net loss for the quarter ended in December more than tripled to $263.1 million, compared with analyst estimates that it would lose ...

Bloomberg BAIC Motor Corp. will probably make a profit on sales of its own brands such as Senova cars next year after significantly reducing losses this year, Chairman Xu Heyi said in an interview Saturday on the sidelines of the Chinese People’s Political Consultative Conference in Beijing. Such a reversal of fortunes for the Beijing-based automaker’s money-losing Senova marque would ...

Bloomberg Hong Kong has partially lifted the veil on its opaque government land tendering process. But it still lags far behind Singapore and China in transparency. The government announced it would provide more information on the bidding process for land sales by providing data on all bids. Yet, it will provide data only after the winning bid transaction is completed, ...