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UAE investments in AI to hit AED33bn in 2017

ABU DHABI / WAM The UAE has secured significant strides in areas of Artificial Intelligence (AI), with the country’s investments growing by 70 percent over the past three years, and projected to hit AED33 billion by the end of this year, according to economic analysts. The figures drive home the fact that UAE is ready to embrace AI technologies, managing ...

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Abu Dhabi smartest city in Middle East

Abu Dhabi / Emirates Business The Abu Dhabi Systems and Information Center (ADSIC) announced that the emirate of Abu Dhabi has ranked first place in the Middle East in terms of indicators outlined by the 2017 Cities in Motion Index, which was published by the Spain-based University of Navarra’s IESE Business School. Now in its fourth Edition, the Cities in ...

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ADNOC mulls listing 10% stake in fuel retail business next year

Dubai / Reuters Abu Dhabi National Oil Co (ADNOC) could list more than 10 percent of its fuel retail business by early 2018 and one or two more businesses later as part of a major shake-up, sources familiar with the matter said. The listing for ADNOC Distribution, which manages petrol stations and convenience stores across the UAE as well as ...

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