• Agreements deepen further the strategic and economic relationships between UAE and the world’s second largest economy • CNPC awarded 10% interest in Umm Shaif and Nasr concession and 10% interest in Lower Zakum concession • Concession entry fees valued at AED 4.3 billion • Expanded partnership with CNPC will […]
Business News
Tencent Is Now Worth $72 Billion More Than Facebook
20/3/2018/Bloomberg By Lulu Yilun Chen Tencent Holdings Ltd. is now about $72 billion more valuable than Facebook Inc., a rift that’s widened to its largest level ever as the California-based company deals with a string of controversies culminating in the Cambridge Analytica data crisis. Meanwhile, China’s largest corporation is riding […]
Amazon is now second most valuable U.S.-listed company, tops Alphabet
21/3/2018/Reuters Noel Randewich, April Joyner Amazon.com (AMZN.O) became the second most valuable publicly listed U.S. company on Tuesday, surpassing Google parent Alphabet Inc (GOOGL.O) for the first time. Amazon shares finished up 2.69 percent at $1,586.51, for a market capitalization of $768 billion, underscoring Wall Street’s confidence in its […]
