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AJMAN / WAM The number of guests in Ajman’s hotels increased by 14 percent in the first half of this year compared to the same period last year, supported by increasing efforts to promote the emirate and by Ajman’s success in diversifying its tourism markets, which is reflected in the occupancy rate which grew by five percent. Ajman’s total revenue ...

SHARJAH / WAM Cinema is a universal language that brings people together and breaks all discriminatory barriers by offering a common platform to all, stated Sheikha Jawaher bint Abdullah Al Qasimi, Director of FUNN and Sharjah International Children’s Film Festival. ‘‘Film is a multi-doctrine creative art that really speaks one language to every enthusiast and lover, and embraces individual interpretation ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has announced the distribution of more than AED23.4 billion in cash dividends to around 406,000 investors on behalf of listed companies in 2018. The cash dividends paid out by listed companies increased around 5.5% compared to AED 22.2 billion in the year 2017. This announcement is ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohamed Bin Zayed Majlis for Future Generations will take place on the October 8 and 9 at the Abu Dhabi National Exhibition Centre (Adnec). The ...

Bloomberg India is arguably the world’s toughest smartphone market — just ask Apple. Yet Chinese manufacturer OnePlus has found a path to success in the country of 1.3 billion. As Pete Lau, OnePlus’s co-founder and chief executive officer, describes it, OnePlus targeted younger users with stylish and affordable Android-based phones. Rather than plastering shops with ads, student ambassadors promote the ...

Bloomberg China Tower Corp., the company behind the world’s largest initial public offering in two years, averted a repeat of smartphone maker Xiaomi Corp.’s disappointing coming-out party last month and eased concerns about future IPO prospects. Shares of the state-run company, which operates almost all of China’s mobile-phone towers, closed unchanged from its IPO price of HK$1.26 in Hong Kong. ...

Bloomberg Tesla Inc Chief Executive Officer Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter. Tesla is holding early discussions with banks about the feasibility and structure of a possible deal, the people ...

Bloomberg Oracle Corp is named in a lawsuit alleging the company’s executives lied to shareholders when they explained why cloud sales were growing. The investor leading the case, the City of Sunrise Firefighters’ Pension Fund, claimed Oracle engaged in coercion and threats to sell its cloud-computing products, creating an unsustainable model that fell apart, according to the suit seeking class-action ...

Bloomberg From the big screen to the snack aisle, American companies plan to hike prices as their input costs creep higher. It’s a sign that businesses have faith consumers will keep shopping even as products become more expensive. And that belief in pricing power, showcased on earnings calls and presentations during the week of August 6-10, could signal a turning ...

Bloomberg Three months after sweeping to power in Armenia’s peaceful “velvet revolution,” Prime Minister Nikol Pashinyan is waging an unprecedented campaign against corruption that’s unnerved Russia and got political opponents crying foul. Arrests have reached people previously considered untouchable in Armenia including ex-President Robert Kocharyan, who’s accused of subverting constitutional order during deadly clashes a decade ago, and relatives of ...