The Emirates telecommunication Corporation, Etisalat, announced its plan to invest up to $1B in India in 2009. It is worth noting that the company approved a35% dividend in the second half of 2008, raising its full year payout to 60%. In addition, Etisalat raised its capital to Dh7.1B ($1.9B) as it recorded a 22% growth in revenues last year. More than 38,000 Pirated CDs Confiscated from Riyadh Streets The Saudi Ministry of Culture and Information has recently confiscated more than 38,000 pirated CDs from illegal street vendors as part of a comprehensive anti-piracy crackdown throughout the streets of Riyadh, KSA.