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Alibaba priced its shares at $68 apiece Thursday, raising $21.8 billion for the company and investors, and solidifying its stature as the biggest U.S. IPO in history. The stock is to trade under the symbol BABA Friday on the New York Stock Exchange. While initial investors paid $68 a share,...
Introduction Starting a business is a tough thing to many. Many people have brilliant ideas, but they have failed to implement them because of one reason or another. This article is going to describe five simple steps which you can follow and will help you start your...
AFP - Asia-Pacific has overtaken North America as home to the most millionaires for the first time, boosted by a rise in the number of wealthy in China and Japan, a report released on Wednesday showed. The region had 3.37 million high net worth individuals (HNWIs) in 2011 compared to...
All entrepreneurs want their businesses to bring them additional profit, but not all types of businesses can do it without expansion. Normally, you can increase your revenue by increasing the size of your business. What if your business is small? Is it possible to squeeze more money out of...
NEW YORK, Sept 26: Prime Minister Nawaz Sharif has said that he will proceed with a plan to build a gas pipeline from Iran, despite objections from the US. In an interview to Wall Street Journal, published on Thursday, Mr Sharif also said he planned to use his speech at...
Tokyo: AirAsia Japan has said the budget carrier will cancel hundreds of flights over two months before it ceases operations under the current brand at the end of October. AirAsia Japan, operated jointly by Malaysia-based AirAsia and major Japanese carrier All Nippon Airways (ANA), will suspend 14 daily flights from...
Businesses must market their services and products to get customers. However, a small business can’t spend on mass mailing, radio ads, and billboards if it’s running on a shoestring. Here are low-cost marketing techniques for a small business to improve its return on investment. Website A website is an essential...
claudio reyna
Abu Dhabi-owned Manchester City has announced the first key appointment for its new Major Football League franchise in the United States. New York City Football Club has named former US and City captain Claudio Reyna as the club’s director of football. Reyna has effectively become NYCFC’s first employee and he will...
A new pair of reports suggests that the super rich are richer than we thought. The first report by Professors Emmanuel Saez (UC Berkeley) and Gabriel Zucman (LSE and UC Berkeley) addresses the question of how to measure total wealth, finding that there is an increasing concentration in the top one-thousandth. So...
Dubai: The Central Bank of UAE has issued a new set of regulations on mortgage lending, defining the eligibility of various categories of borrowers based on the loan-to-value (LTV) ratio. In the case of UAE nationals, each borrower can seek a loan on only one property under this category. For...
Eastman Kodak has gained court approval to come out of bankruptcy as a much smaller digital imaging company. The company, once the biggest name in photography, had planned to come out of bankruptcy in July. Eastman Kodak was founded in New York more than 100 years ago and pioneered the use...
Hundreds of drivers with ride-hailing service Uber in Qatar went on strike on Monday for the second time in a year to protest against fare cuts. The US-based company, which started operations in Doha in 2014, has in recent months cut fares by 15-20 percent for passengers amid growing competition...
Twitter is bolstering its international operations ahead of an expected flotation by employing its first full-time tax manager, to ensure complex company structures comply with laws across Europe. Based in its international headquarters in Dublin, it will include oversight of the preparation and filing of all business tax returns. The social...
Technology has changed just about every aspect of life as we know it, from our homes to our marketing campaigns. Although some marketing professionals still embrace more traditional technologies for their advertising, like radio and TV advertising, the savviest and most successful ones tap all the channels they can. Some...
UAE expats can now buy land at Dubai World Central (DWC), Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced. The resolution grants expats the right to absolute ownership, with no time frame, of land and property in DWC...
Buraidah’s date season started and the air in the area designated for the city’s annual date market was filled with auctioneers’ calls to mark the start of the biggest agricultural economic activity in the world. The projected Date City opened its doors and started receiving thousands of kilograms of dates...
By funneling nearly $10 billion in revenue into a Bermuda shell company last year, Goggle dodged about $2 billion in income taxes worldwide, Bloomberg News reports, citing financial records. The off-shore tax shelter — legal in the United States and elsewhere — cut Google's tax rate nearly in half, Bloomberg...
AT JUST 24, she’s the world’s youngest billionaire with a $1.3 billion fortune. But despite her extraordinary wealth, very little is known about Kei Perenna Hoi Ting, perhaps the world’s most mysterious billionaire. Kei, also known as Ji Peili according to Forbes, made her money after being appointed non-executive director of Logan...
IT'S a relatively straightforward request. Starbucks CEO Howard Schultz has respectfully asked customers not to bring guns into their stores, following another mass shooting in the US this week which left 13 people dead. The company plans to take out full page ads in national newspapers telling customers guns are no...
Today, identity theft is a common occurrence that can devastate your family's finances. Nearly 18 million individuals in the United States have their identity stolen each year after someone is able to access a social security number or other identifying information. To prevent identity theft, experts recommend following a...
Logistics company DHL has been named as the best company to work for in the Gulf state in 2014, according a new study. The Great Place To Work (GPTW) Institute revealed its fourth annual list of the top 15 companies during an awards ceremony at The H Hotel in Dubai. Having...
Prime Minister Raja Pervez Ashraf on Tuesday underlined participation of traders in D-8 Business Forum from the member countries is a matter of satisfaction. He was addressing the D-8 Business Forum 2012 in Islamabad on Tuesday. The Prime Minister said the forum is vital for the elimination of poverty from the...
Taxi drivers will have to get through linguistic, psychological and behavioural tests as a pre-requisite for obtaining professional permits very soon. The move comes as part of Roads and Transport Authority's (RTA) strategy in forging partnerships to serve its objectives at world-class standards. The RTA has recently signed an agreement with...
DUBAI // Housing allowances are set to rise this year, providing some relief to more than a quarter of workers in the capital and Dubai, according to a survey by a global human-resources consultant. Of 147 companies polled in the two emirates, 24 per cent of companies in Abu Dhabi...
You cannot be in business and not know about customer engagement. It's everywhere nowadays, from TV commercials to motivational speaking events. Everyone who knows about business is preaching it. But what is it? Customer engagement is the interaction between a client or prospect and brand. More often than not,...
cobone.com
Cobone.com, the daily deals website based in the UAE, is in talks with an Egyptian venture capital firm over a sale for up to US$40 million (Dh146.9m) in cash. The talks emerged yesterday, just weeks after Cobone's rival LivingSocial pulled out of the Middle East market. OTVentures, an affiliate of Orascom...
TOKYO (AP) — Japan reported Monday that its economy contracted at a real annual rate of 1.6 percent in July-September, in a second straight quarterly decline that returned the country to recession. A steep drop in residential investment failed to offset a modest recovery in exports, the government reported. Most economists...
Mobile phone giant Vodafone is poised to buy Germany's biggest cable operator in a deal worth £9.1bn, it has been confirmed. The addition of Kabel Deutschland's 8.5 million connected households would leave Vodafone with 32.4 million mobile, 5 million broadband and 7.6 million direct TV customers in 13 of Germany's...
Agriculture plays a key role in economic structure of any country and in the current scenariothe whole world is seriously focusing on developing and making this industry more productive to avoid any food crises in future. Some statistics about Agriculture Sector are: “Globally, around 55%of young people reside in rural areas.”...
(Reuters) - Alibaba Group Holding Ltd's (BABA.N) initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares. Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba's stock surging 38 percent...