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UAE consumers rank high in readiness to adopt AI

DUBAI / Emirates Business Consumers in the United Arab Emirates (UAE) are more ready to adopt artificial intelligence (AI)-powered devices and services than consumers in many other countries, according to new findings from the annual research from Accenture (NYSE: ACN). Based on a poll of 26,000 consumers in 26 countries, the report—the 2017 Accenture Digital Consumer Survey—found that three-fourths (76 ...

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ENOC gets $500mn credit facility from global, regional banks

Dubai / Emirates Business ENOC Group has secured a three-year unsecured general corporate purposes Revolving Credit Facility (RCF) of $500 million from seven leading international and regional banks to support its growth over the next few years. His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, said: “Over the next five years, the Group will focus on expanding capacities ...

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Dubai Customs processes 4.5mn transactions in H1

Dubai / WAM Dubai Customs has processed 4.5 million transactions in the first half of 2017, compared to 4.3 million transactions during the same period last year, posting a growth rate of 4.5 percent. Dubai’s stature as a global trade hub and its sophisticated customs and border services have led to the increase in the number of transactions handled by ...

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