Uber made its Wall Street debut Friday, starting with an eye-popping $82 billion valuation in a milestone for the ride-hailing industry amid lingering doubts about its business model.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Uber Technologies has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said in its IPO filing. The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the world travels.
Global ride-hailing firm Uber Technologies is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said.
Abu Dhabi Developmental Holding Company (ADDH) announced on Thursday that it has reached an agreement in principle for the establishment of a local airline in Abu Dhabi in partnership
Saudi Aramco hit the $2 trillion target sought by Saudi Crown Prince Mohammed Bin Salman on Thursday as its shares racked up a second day of gains.
The Dubai Chamber of Commerce and Industry (DCCI) hosted a seminar at its headquarters earlier today which identified key economic trends expected to reshape the global economy and trade landscape in 2020,