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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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This brings to an end three consecutive years of declining FDI flows to the region since the pre-financial crisis peak of $61.7 billion in 2008, said NBK in an economic update.
August 20th, 2013 - 12:27 GMT

A three-year awaited development: FDI's in GCC no longer declining!

More than 50 local and international companies have signed agreements with KAEC,
August 20th, 2013 - 12:01 GMT

King Abdullah's Economic City labour complex to reach news heights

Goldman Sachs said Monday it expected tighter oil markets to propel Brent to $115 “in the very near term.”
August 20th, 2013 - 07:00 GMT

Libya, Egypt push oil prices up to $110 a barrel

Total state spending came in slightly below the initial plan of 178.6 billion riyals for the fiscal year that ended in March.
August 20th, 2013 - 06:33 GMT

Qatar is spending less and less- on almost everything

At least five companies are competing to design a major expansion of Bahrain International Airport, which includes a new terminal and could cost up to BD20 million ($52.8 million), a report said.
August 20th, 2013 - 06:10 GMT

Five firms bid for $52 million expansion of Bahrain's airport

Estimates reveal that the largest sector to benefit from this investment is likely to be the construction industry, dominated by the newly-sanctioned hospital projects and infrastructure in Kuwait.
August 19th, 2013 - 12:42 GMT

Kuwait's $16 billion investments revealed

Samsung has the second largest market share of 13.8 per cent, followed by Blackberry with 10.7 per cent and Apple with 7.4 per cent, said the TRA's ‘Smart Phone and Mobile Operating Systems’ review.
August 19th, 2013 - 12:18 GMT

How retro: Nokia continues to dominate UAE mobile industry

The insurance industry in the GCC region is catching up with the global trend and has witnessed a CAGR of about 18 per cent between 2006 and 2012.
August 19th, 2013 - 12:03 GMT

GCC insurance industry to reach $40 billion by 2017

Ramsay will select head chefs for the new venture to re-locate to Dubai and develop menus that will cater to regional demands.
August 19th, 2013 - 10:30 GMT

Hell's kitchens coming to Dubai

About 332 million Egyptian pounds ($48 million) of shares were traded, compared with a one-year daily average of 391 million pounds.
August 19th, 2013 - 07:46 GMT

Egypt's stock market plummeting

The formal framework of the Central Bank’s policy remains unchanged with the exchange rate fixed at QAR 3.64/$1.
August 18th, 2013 - 02:47 GMT

Qatar's currency peg here to stay

No official statement has yet been issued evaluating the cost of damages and sector losses (Sources: Getty images).
August 18th, 2013 - 02:33 GMT

The Egyptian economy's immeasurable losses

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