SHARJAH / WAM The Sharjah Islamic Bank (SIB), posted a net profit of AED360 million for the nine months of 2017 compared to AED335.8mn for the same period last year, a 7.2% increase. Total assets reached AED37.8bn at the end of Q3 of 2017, compared to AED33.5bn at the end of 2016. Liquid assets hit AED 8.2bn or 21.6% of ...

Bloomberg Artificial intelligence (AI) could add $837 billion to UK economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalized services, improvements in health care and adopting machine learning to find ways to use resources more efficiently, according to the report. “The UK could stay among the world leaders in AI in ...

ABU DHABI / WAM Juma Mohammad Al Keet, Assistant Under-Secretary for the Foreign Commerce Sector at the Ministry of Economy, discussed ways of promoting economic cooperation with Italy on behalf of the UAE, during the first Italian-Arab Business Forum held in Milan. Saqr Nasser Al Raisi, UAE Ambassador to the Republic of Italy, and Abdullah Hassan Al Shamsi, Consul-General of ...