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Showing posts with the label SAUDI ARABIA

UAE telecom company e& in talks to raise stake in Saudi Arabia's Mobily

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The UAE's biggest telecom operator e& owns a 28 per cent stake in Saudi Arabia's Mobily The UAE’s biggest telecoms operator, e&, said on Wednesday that it has made an offer to increase its stake in Saudi telecoms company Etihad Etisalat, better known as Mobily, to 50% and one share. Formerly known as Etisalat, e& owns a 28 per cent stake in Mobily, which was founded in 2004. "The purpose of the discussions is for e& to come to an understanding with the Mobily board of directors in respect of the conditions applicable to the potential offer (including its implementation) which the Mobily board would be able to recommend to Mobily’s shareholders," e& said in a  regulatory filing  to Abu Dhabi Securities Exchange, where its shares are traded.

UAE pavilion, reverse waterfall: 10 architectural marvels that will remain at Expo 2020 Dubai

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  After the world fair ends, the exhibition site will be transformed into a futuristic '15-minute' city called District 2020 With just three lefts for the curtains to fall on Expo 2020 Dubai, crowds are swelling at the world fair as both tourists and residents scamper to make the best of the last 21 days. But the fun and frolic don't have have to stop when the world fair ends on March 31. Long after Expo 2020 Dubai concludes, visitors can still walk through the sprawling site and enjoy some of the stunning architectural marvels that wooed the world. In fact, 80 per cent of the site will remain intact and the exhibition site will be transformed into a futuristic '15-minute' city called District 2020 with office spaces, residential buildings, parks, exhibition spaces and offices. Here are the 10 major landmarks that will stay long after the Expo officially ends. Al Wasl Dome The 360-degree translucent Al Wasl Dome, known as the beating heart and crown jewel of Expo, i...