Business LeadersFeaturedFormer Afghanistan minister now drives Uber in WashingtonIFM CorrespondentMarch 22, 2022 by IFM CorrespondentMarch 22, 2022 The former minister who has a double master’s degree also works as an adjunct professor in Georgetown University.... Read more
FeaturedTechnologyChinese ride-hailing giant Didi suspends UK expansion plansWebAdminAugust 26, 2021 by WebAdminAugust 26, 2021 The plan to launch in the UK as well as Europe is now postponed by at least 12 months... Read more
Banking and FinanceBusiness LeadersFeaturedSoftBank’s Vision Fund CEO retires; top execs resignPritam BordoloiNovember 6, 2020 by Pritam BordoloiNovember 6, 2020 Neil Hadley, who serves as the chief of staff to SoftBank’s Vision Fund, will be the successor of Rajeev Misra... Read more
FeaturedTechnologyChina’s Didi Chuxing to operate 1 mn robo-taxis by 2030Pritam BordoloiJune 25, 2020 by Pritam BordoloiJune 25, 2020 The company is currently developing autonomous driving technologies... Read more
Oil & GasNew Aramco chairman takes charge, assures transparencyInternational Finance DeskSeptember 5, 2019December 17, 2019 by International Finance DeskSeptember 5, 2019December 17, 2019 Yassir Al Rumayyan’s appointment is a clear indication that Saudi Arabia is fast-tracking a local listing of Aramco... Read more
TechnologyUber gets UAE ministry’s approval for $3.1bn Careem merger dealInternational Finance DeskJune 25, 2019 by International Finance DeskJune 25, 2019 UAE’s competition committee finds that the deal will not result in economic concentration in excess of the 40% allowed... Read more
Company ProfileMagazineMay-June 2019How many startups will achieve unicorn and decacorn status in 2019?Bharath KumarMay 16, 2019December 9, 2019 by Bharath KumarMay 16, 2019December 9, 2019 With more than 300 unicorns and nearly 20 decacorns globally, analysis by RS Components and CB Insights reveals how many more will join their league... Read more
In the NewsLyft effect: Uber valued at $82.4 billion in its most anticipated IPOInternational Finance DeskMay 10, 2019 by International Finance DeskMay 10, 2019 After Lyft’s IPO jitters, Uber settles for $45 per share with a valuation that is nearly a third less than predicted... Read more
CompanyIn the NewsUber loses market share everywhere, may never make a profitInternational Finance DeskApril 12, 2019 by International Finance DeskApril 12, 2019 IPO filing with SEC says it sees surge in expenses as well... Read more
CompanyUber Technologies plans to sell $10 billion worth of stock in IPOInternational Finance DeskApril 10, 2019 by International Finance DeskApril 10, 2019 The company will widen its presence in the Middle East through acquisition of a Dubai-based ride-sharing startup Careem... Read more