Sharjah / Emirates Business The eighth edition of the Etisalat Award for Arabic Children’s Literature is now open to accept submissions, with its organisers encouraging publishers, authors and illustrators of Arabic children’s and young people’s books from across the world to send in their entries before the end of August. Organised by the UAE Board on Books for Young ...

AFP OPEC member Kuwait has earmarked 34.5 billion dinars ($115 billion) to spend on oil projects over the next five years, despite the slump in oil prices, a senior executive said. “We have earmarked 34.5 billion dinars for spending on oil projects over the next five years,” Wafa al-Zaabi, head of planning at Kuwait Petroleum Corp, told an oil conference. ...

  Shanghai / Bloomberg CRRC Corp., China’s only maker of high-speed locomotives, plans to raise as much as 12 billion yuan ($1.8 billion) in a private share sale in Shanghai to repay debt and to help finance its daily operations. The company’s board has approved the sale of as many as 1.39 billion yuan-denominated. A shares at 8.66 yuan apiece, ...