Ajman / Emirates Business With the UAE’s Internet of Things (IoT) market tripling over the next two years, 2018 will be the vital year for organisations to undergo digital transformation, industry experts said on the sidelines of the Smart Life exhibition, sponsored by Ajman Bank. The UAE’s IoT market is set to more than triple to $35 billion by 2019, …

ABU DHABI / Reuters The distribution unit of Abu Dhabi National Oil Co (ADNOC) could command a valuation of between $11 billion and $14 billion, according to fund managers who have seen research reports on the firm before an initial public offer of its shares. The research notes were prepared by analysts at banks which are advising ADNOC on the …

RAS AL KHAIMAH / WAM Julphar Gulf Pharmaceutical Industries announced on Sunday revenues of as much as AED992 million for the first three quarters of the year 2017. The company posted an AED86 million net profit for the period. “Overall, the MENA markets remained challenging for the pharmaceutical industry. Julphar’s management has undertaken cost-saving initiatives and new projects to optimise …