Amazon’s founder and CEO has become the third-richest person in the world. The company’s earnings beat analysts’ expectations, and, according to Forbes magazine, Jeff Bezos has become the third richest person in the world. He owns 18% of Amazon’s shares and is estimated to be worth AED239 billion (USD65.3 billion). The 52-year-old came in behind number one Microsoft founder - Bill Gates, and Zara founder Amancio Ortega.
Warsh wins confirmation as Fed chair, with inflation on the march
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company to acquire National Taxi
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Dubai Holding becomes largest shareholder of Emaar Properties
Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects
Abu Dhabi has greenlighted 24 infrastructure projects under a new AED55 billion public-private partnership that will see the development of roads, flood control systems and education campuses among others.
Abu Dhabi aims for 80% local materials in housing projects
Abu Dhabi plans to increase the use of locally manufactured building materials in housing developments to as much as 80 per cent under a new agreement between two government entities.
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Alanis Morissette
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Bruno Mars
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How did Lightning Scientific Arnis International Dubai begin here in the UAE? What are the main skills and disciplines learned in Arnis training? #pinoytribe #TagPuyatanNa
