Dubai Eye 103.8

On Air Now
The Music Mix
11:00pm - 10:00am

Listen To Dubai Eye

Saudi billionaire Prince Alwaleed increases stake in Twitter

Thursday, 8 October 2015 at 08:24

NULL

Saudi billionaire Prince Alwaleed Bin Talal has raised his stake in social networking site Twitter, making him the second-largest shareholder in the company. He and his investment company Kingdom Holding Co. hold 34.9 million shares in common stock, increasing the stake to 5.2%, a disclosure with the Securities and Exchange Commission revealed. This comes as Twitter appointed co-founder Jack Dorsey as CEO this week in a bid to invigorate the company. Prince Alwaleed now holds 30.1 million shares and Kingdom Holding, 4.85 million. He invested $300 million (AED1.1 billion) in the site in 2011, before its initial public offering in November 2013, according to the statement.

More from Business

Microsoft's global outage eases after disrupting businesses, governments

A global outage of Microsoft Outlook and Teams was easing on Friday after nearly 24 hours of chaos that crippled online communications, forcing some organisations to revert to fax.
Dubai Investments reports AED 1.13 billion profit before tax

Dubai Investments has reported profit before tax of AED 1.13 billion for the first nine months of 2026, up from AED 1.10 billion during the same period last year.
Dubai retains position as leading maritime city

Dubai has retained its position as the Middle East's leading maritime city and ranked 12th globally in the 2026 Leading Maritime Cities report by DNV and Menon Economics.
Nvidia CEO Jensen Huang steps down

Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.
DEWA reports record-breaking AED25.74 billion revenue in 2026

Dubai Electricity and Water Authority (DEWA) has reported record-breaking revenue of AED25.74 billion in the first nine months of 2026 - up 3 per cent on last year.

Coming Up on Dubai Eye

Motor Mania
10:00am - Noon
The Best of Dubai Eye 103.8
Noon - 4:00pm

Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!