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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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“Total cash holdings will probably fall further from their 2012 post-global financial crisis high, but this will be due to companies using the cash for debt repayments," says Fitch.
September 12th, 2013 - 06:42 GMT

2014 to mark a 'turning point' for EMEA corporations

The staff has been radically downsized from 180 in 2011 to just 36 who remain, said Dr White.
September 11th, 2013 - 12:49 GMT

The end of an era: NYIT to exit Bahrain's educational scene

Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds
September 11th, 2013 - 12:03 GMT

Benevolent Qatar to convert $2 billion Egyptian loan into bonds

Jadawel used the projected income to secure a $900 million syndicated loan from Barclays and other lenders in 2001.
September 11th, 2013 - 12:02 GMT

Good luck with that: Saudi Businessman sues Barclays for $10 billion

Expansion of the Red and Green lines will be completed by 2020 (Photo credit: Getty images).
September 11th, 2013 - 11:02 GMT

Dubai's metro to go redder and greener

Among the participating GCC organizations, UAE-based companies predicted the lowest salary increase at 5 percent
September 11th, 2013 - 10:28 GMT

Here comes the pay check: salaries to increase the most in Saudi Arabia

The Syrian crisis had roiled the markets, with Dubai witnessing a decline of 7.9 per cent this month until yesterday’s surge
September 11th, 2013 - 08:50 GMT

Dubai stocks surge most in the world due to waning Syria tensions

Japan’s exports to the UAE stood at $4.06 billion during January-June period of 2013
September 11th, 2013 - 07:39 GMT

UAE-Japan trade relations not doing very well in 2013

The bank will cut nearly 80 jobs at its bancassurance division and about 120 jobs at its credit card business, Reuters quoted one banking source familiar with the plan as saying.
September 10th, 2013 - 01:17 GMT

First Gulf Bank to fire hundreds of employees


Tatham said the Arab Spring and tougher European tax regimes had led to an increase in property investment by expatriates.
September 10th, 2013 - 01:11 GMT

Dubai property prices highest in the world

Apple is going in the right direction with a cheaper version which is suited for markets like China, India, Middle East and Africa.
September 10th, 2013 - 12:07 GMT

iPhone 5s, 5c to make debut today

The centre had introduced two types of bins - green for organic waste and black for recyclable solid waste - for villas in the emirate.
September 10th, 2013 - 06:08 GMT

A revolutionary development? Abu Dhabi to expand its waste recycling options

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