Facebook valued at up to $95b Facebook, the company that turned the social Web into a cultural and business phenomenon, is worth as much as $95 billion, according to the price range for its upcoming initial public offering of stock.
India eases FX inflows after rupee skids India’s central bank announced measures on Friday to bolster foreign currency inflows following a sharp fall in the rupee, although traders said the moves may not be enough to stem further near-term weakness.
Faisal Bank up for sale, says chief executive Faisal Private Bank, struggling since the collapse of property schemes in the Gulf and beyond, is up for sale after failing to raise enough money to meet the Swiss regulator’s minimum capital requirements, its chief executive said.
NY Times cuts 50 non-newsroom positions The New York Times, citing the challenging economy, eliminated 50 non-newsroom positions on Wednesday.
EU outlook remains cloudy European Central Bank President Mario Draghi said interest rates remain supportive and policy makers still expect a gradual economic recovery this year even as latest data cloud the outlook.
UAE may establish another bourse The UAE Ministry of Economy is mulling the establishment of another market to list shares of private companies, a ministry circular obtained by Bloomberg News shows.
UAE April business activity quickens to 10-month high Growth in business activity in the UAE’ non-oil private sector quickened to a 10-month high in April, a purchasing managers’ survey showed on Thursday.
Al Maya launches top Indian brands Al Maya Group on Thursday launched some of the fast moving Indian consumer brands in the presence of Sanjay Verma, Consul General of India in Dubai at Al Maya Supermarkets/Hypermarket.
Indo-Pak bilateral trade may reach $10b in 3 years Pakistan and India bilateral trade is expected to reach $10 billion during the next three years, a top official said.
Pakistan offers huge investment opportunities Pakistan’s Federal Minister for Commerce Makhdoon Amin Fahim on Thursday met top delegates of Libya, Togo and Poland on the sidelines of the ATM 2012.
