Bloomberg SenseTime Group Ltd., one of the world’s most valuable artificial-intelligence startups, is setting up a hub in Abu Dhabi for Europe, Middle East and Africa with plans to hire hundreds of engineers. The Chinese facial recognition firm, which counts Alibaba Group Holding Ltd. as an investor, will start work on the research and development center this year and build ...

Bloomberg Oil’s rally picked up steam as US crude stockpiles shrank and domestic output plunged the most in more than a year, adding to supply concerns as tensions escalate in the Middle East. Futures jumped as much as 1.5% after the Energy Information Administration said domestic oil inventories slipped for a sixth straight week, the longest contraction since January 2018. ...

Sharjah / WAM The Sharjah Islamic Bank’s (SIB) net profit rose to AED290.5 million in first half of 2019 compared to AED283 million achieved during the same period last year, an increase of three percent. The banks total assets reached AED44.3 billion at end of first half of this year, bringing it to the same level as it was at ...