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Musk trillionaire
June 14th, 2026 - 07:37 GMT
P. Choiaqo

P. Choiaqo

Musk becomes world's first trillionaire; who's next?

ALBAWABA - SpaceX went public with a market valuation of more than $2 trillion, making Musk not just a trillionaire over the weekend, but also richer than the next four billionaires on the Forbes list combined. SpaceX’s debut made it the sixth-largest company in the US as it sold $75 billion in shares to public investors; consequently, it made the unimaginably rich tech mogul Musk even richer as he writes ...
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The arbitration proceeding has been commenced in the International Court of Arbitration of the International Chamber of Commerce, Paris, said a statement from Depa.
September 16th, 2013 - 10:40 GMT

Doha's new airport endless delays amounting to legal troubles with Lindner

The SAR353 million ($94 million) contract has been awarded to construct a 150 metre high, luxury serviced apartments tower in the strip on King Fahad road whose interiors will be designed by Italian fashion house Fendi.
September 16th, 2013 - 10:13 GMT

Fendi and the BinLadins come together: BinLadin group awarded $94 million luxury tower contract

Sunday’s surge came amid report that investment by Gulf states in the UAE stock market surged almost 40 per cent in 2012 to $2 billion in shares.
September 16th, 2013 - 09:07 GMT

GCC stocks rallying thanks to Syria deal!

Twitter has filed for an initial public offer of shares with U.S. regulators, the company said Thursday, taking a first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc.’s listing last year.
September 16th, 2013 - 08:24 GMT

Tweeting hard: Al-Waleed bin Talal holding on to shares despite upcoming IPO

“Despite ongoing economic and geopolitical uncertainties, the world’s ultra wealthy population reached an all-time high of 199,235 individuals with a combined fortune of nearly $28 trillion in 2013."
September 16th, 2013 - 07:51 GMT

Which Gulf country has the most billionaires? Take a wild guess

The development has been conceptualised to host 15,000 residential units including 2,500 townhouses and villas as per the current master plan.
September 16th, 2013 - 06:33 GMT

Changing the scene? Bloom to take on Baghdad's 'City of the Future'

Furthermore, the survey reveals employees are staying in their jobs for a longer period, resulting in a greater percent being eligible for higher EoSB payout.
September 16th, 2013 - 06:17 GMT

More employment, end of service pay on the way for Middle Eastern businesses

During his visit, the mayor said GAM will focus on activating tourism and commercial activity in downtown. Amman.
September 15th, 2013 - 01:35 GMT

Great expectations: Amman mayor promises 'qualitative changes' in 100 days

Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman in particular will have dense urban conglomerations, with 45.1 million people expected to reside in GCC cities by 2020 – 85 percent of the total estimated population.
September 15th, 2013 - 01:01 GMT

Talk about a boom: MENA cities to be occupied by 226 million in 2020

The mechanism to settle such disputes is to be made public after Eid Al-Adha holidays.
September 15th, 2013 - 12:19 GMT

Saudi Arabia announces new speedy mechanism to settle labor disputes

Hanafin said that if the UAE was to provide citizenship to expats it would be slightly detrimental.
September 15th, 2013 - 11:57 GMT

Does the UAE need to attract investors with citizenship offers? Apparently not.

Behind this acceleration in population growth lie the jobs created by the large infrastructure investment currently underway (Pictured: Doha city).
September 15th, 2013 - 11:09 GMT

Qatars new wave of expats spurring non-oil growth

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