Business / #ForbesBusiness

DAMAC Secures $229M For Its London Premiere Project

Will Dubai Islamic Bank Be The Next UAE Lender To Acquire A Rival?

Jumia Becomes First African Tech Startup On Global Exchange

Chinese Smartphone Giant Xiaomi Just Gave Its Founder A Bonus Of $962M

In Defense Of Kylie Jenner: Are Any Of The World’s Billionaires Entirely

Whopper Of A Turnaround: At Burger King, The 3G Capital Model Actually Worked

After Network International’s $3 Billion IPO, UAE’s Finablr To List In London

The Carlyle Group Acquires Stake In Mubadala’s Cepsa Based On $12B Valuation

Business Now

4 days ago

DAMAC Secures $229M For Its London Premiere Project

DAMAC International has secured a development financing package of $229 million for its London landmark project, DAMAC Tower, at Nine Elms.
By Nermeen Abbas 3 min read
4 days ago

Will Dubai Islamic Bank Be The Next UAE Lender To Acquire A Rival?

Dubai Islamic Bank was reported to be in talks with Noor Bank to explore a potential merger.
By Mary Sophia 4 min read
4 days ago

Jumia Becomes First African Tech Startup On Global Exchange

Jumia Technologies, a pan- African e-commerce platform is now formally listed on the NYSE, making it the first African tech startup to list on the exchange.
1 week ago

Chinese Smartphone Giant Xiaomi Just Gave Its Founder A Bonus Of $962M

Lei Jun – whose wealth Forbes estimates at $11 billion- has pledged to provide the sum received as his bonus to charity after taxes are deducted.
By Mary Sophia 3 min read
1 week ago

In Defense Of Kylie Jenner: Are Any Of The World’s Billionaires Entirely Self-Made?

Forbes named Kylie Jenner the world's youngest self-made billionaire in its annual ranking of billionaires in March. 
By Luisa Kroll 13 min read
1 week ago

Whopper Of A Turnaround: At Burger King, The 3G Capital Model Actually Worked

Challenge: Make a 60-year-old ham­bur­ger chain into something cool. Daniel Schwartz accepted that assignment six years ago. He was 32.
By Chloe Sorvino 16 min read
1 week ago

After Network International’s $3 Billion IPO, UAE’s Finablr To List In London

The company added that it intends to use the net proceeds from the float to “finance further expansion plans and reduce net debt.”
By Mary Sophia 5 min read
1 week ago

The Carlyle Group Acquires Stake In Mubadala’s Cepsa Based On $12B Valuation

Carlyle is to acquire a 30%-40% stake in Europe’s largest privately-owned integrated oil and gas company, while the Abu Dhabi wealth fund will remain a majority shareholder.
By Jamila Ghandi 4 min read