Business / #ForbesBusiness

China's Richest Man Says Tencent's Profit Jumped 35%, But Sees Difficulties

IPO Expenses Drive Up Uber Losses To $5.2 Billion As Growth Slows

Saudi Aramco Is Picking Up A $15B Stake In India’s Richest Man’s Refinery

Warren Buffett’s Residential Brokerage’s Middle East Arm To Broker $5B

CBS And Viacom Announce Plans To Merge, Finally Fulfilling Shari Redstone's

With Her Women-Centric Designs, Saudi Designer Honayda Is Gradually Conquering

Billionaire Vision Visionary Leonardo Del Vecchio Strikes $6 Billion Deal To

The Last All-Male Board On The S&P 500 Just Added A Female Member

Business Now

1 month ago

China's Richest Man Says Tencent's Profit Jumped 35%, But Sees Difficulties Ahead

Chinese tech behemoth Tencent said on Wednesday that its gaming business had bounced back from a regulatory clampdown to post another quarter of strong earnings.
By Yeung Pui Gwen 6 min read
1 month ago

IPO Expenses Drive Up Uber Losses To $5.2 Billion As Growth Slows

Uber's losses hit to $5.24 billion in the second quarter due to $3.9 billion in stock costs associated with its IPO. Revenue growth was up just 14% from last year to reach $3.1 billion.
By Biz Carson 2 min read
1 month ago

Saudi Aramco Is Picking Up A $15B Stake In India’s Richest Man’s Refinery

With an IPO hovering over, Aramco is taking a 20% stake in oil to chemicals division of India’s Reliance Industries Limited.  
By Mary Sophia 4 min read
1 month ago

Warren Buffett’s Residential Brokerage’s Middle East Arm To Broker $5B Properties Deal By IBC Group

IBC Group said that it intends to acquire 10,000 properties to furnish as holiday homes, using the brokerage services of Berkshire Hathaway HomeServices Gulf Properties.
By Mary Sophia 4 min read
1 month ago

CBS And Viacom Announce Plans To Merge, Finally Fulfilling Shari Redstone's Dream On 3rd Try

Viacom has a market cap of $11.9 billion while the acquiring company, CBS, is valued at $18.3 billion; the combined company will have more than $28 billion in revenue.
1 month ago

With Her Women-Centric Designs, Saudi Designer Honayda Is Gradually Conquering The Global Fashion Industry

Saudi Arabian designer Honayda Serafi is rewriting the rules of fashion in the Middle East with designs that focus on empowerment. Now she's cementing her success with a flagship store.
By Mary Sophia 22 min read
1 month ago

Billionaire Vision Visionary Leonardo Del Vecchio Strikes $6 Billion Deal To Expand His Eyewear Empire

Ray-Ban Billionaire Leonardo Del Vecchio’s EssilorLuxottica group has agreed a $6.1 billion deal to buy rival GrandVision and form the world’s biggest eyewear brand.
By David Dawkins 6 min read
1 month ago

The Last All-Male Board On The S&P 500 Just Added A Female Member

One in eight S&P 500 boards was all-male in 2012. Women now make up 27% of all board seats, a nearly 17% jump from 2012.
By Ruth Umoh 4 min read