DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the flagship Dubai Internet of Things (IoT), Strategy, and the Data Wealth initiative to safeguard the emirate’s digital wealth and award Dubai Digital Certificates to outstanding government and private entities. The initiative, which was launched at Smart …

Bloomberg The company that helped build entire neighbourhoods in Dubai plans to sell part of its business in the UAE in an initial public offering. Emaar Properties PJSC, which spearheaded a building boom in the emirate over the past 15 years and built the world’s tallest skyscraper in Dubai, will sell 20 percent of its real-estate development business, according to …

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) posted a 9 percent rise in third-quarter net profit on Sunday helped by a rise in net interest and non-interest income. Abu Dhabi’s second-largest bank by assets made a net profit attributable to shareholders of AED1.09 billion ($296 million) in the three months to September 30, up from 999 million a year …