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Dubai enters a new phase in developing creative ecosystem

  Dubai / WAM The Higher Committee of the Al Quoz Creative Zone Development Project held a meeting, presided over by HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, to review the Project’s progress and achievements in its first year. As part of the ...

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Saudi Telecom to raise capital by $8 billion with bonus shares

Bloomberg Saudi Telecom Co., the most profitable mobile operator in the Middle East, will increase its capital by 30 billion riyals ($8 billion) through the issuance of bonus shares. The stock rises. The company, which is controlled by the kingdom’s sovereign wealth fund, plans to issue 1.5 bonus shares for every existing share, through capitalising retained earnings, according to a ...

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UAE leaders congratulate president Putin on Russia Day

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Vladimir Putin of Russia on his country’s Independence Day celebrations, otherwise known as ‘Russia Day’. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent similar messages ...

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