DUBAI / WAM Emirates Steel, a subsidiary of the General Holding Corporation (SENAAT) on Monday announced its financial results for the year 2017. More than AED6.6 billion in revenues achieved in the year, an increase of 22 percent compared to AED5.4 billion in the previous year. A solid 12 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) margin; delivered in ...

DUBAI / Reuters Dubai International Financial Centre (DIFC) said the number of new companies launching operations in the financial free zone rose in 2017. The DIFC aims to more than double the number of financial firms within the free zone to 1,000 at a time when several centres in the Middle East are vying for expansion. DIFC, the largest such ...

ABU DHABI / WAM The Cabinet has adopted the formation of the ‘UAE Council for Artificial Intelligence’ to ensure the implementation of these technologies in various sectors. The move aims to serve the UAE Government’s objectives, and improve the quality of life of citizens and residents in order to achieve the vision of the UAE 2021 and make the UAE ...