Abu DHABI / Agencies Etisalat, the biggest telecommunications company in the United Arab Emirates, is seeking to buy back stock valued at as much as $2 billion. The shares climbed. The board of Emirates Telecommunications Group, also known as Etisalat, recommended purchasing up to five percent of the phone operator’s paid-up capital, or 434.8 million shares, the Abu Dhabi-based company ...

DUBAI / WAM Members of the Dubai Internet City (DIC) community have collectively attracted AED7.8 billion ($2.12 billion) in funding since its launch, the largest technology business hub in the region announced on Tuesday. The impressive figure bears testimony to Dubai’s success in attracting the best and brightest businesses, making the emirate one of the main drivers of technological innovation ...

ABU DHABI / WAM Ali Saeed bin Harmel Al Dhaheri, Chairman of the Board of National Takaful Company (Watania) said that the company has achieved 36 percent year on year growth in gross contribution, making a net profit of AED7.6 million compared to AED400,000 in 2016. Speaking on the announcement, Al Dhaheri said, “The company has 3 main business verticals ...