DUBAI / WAM Artificial intelligence (AI) has the potential to boost economic growth in the United Arab Emirates by 1.6 percentage points and add $182 billion to the national economy by 2035, according to a recent report by Accenture. The report looked at 15 industries in the UAE and 13 in Saudi Arabia to determine the potential sector-specific impact of ...

ABU DHABI / WAM The net income of Abu Dhabi-based commercial and Islamic banks amounted to around AED7.9 billion during Q1 2018, up 2.8 percent over the corresponding period of 2017. According to figures released recently by the Statistics Centre — Abu Dhabi, the net income of commercial banks operating in the UAE capital, reached AED6.56 billion by the end ...

DUBAI / WAM Nasdaq Dubai, the international stock exchange in the Middle East, is preparing to launch equity futures on leading companies listed in Saudi Arabia. The futures will give investors new hedging tools to take long and short positions on the companies, at a time when international investor interest in the Saudi stock market is increasing rapidly. The Saudi ...