Ismail Shakil
Stories by Ismail Shakil
WeWork expects to have positive cash flow in 2021: Report
WeWork is currently in the middle of executing a five-year turnaround plan set out this year.
Malaysia has declined Goldman’s 1MDB offer of under $2b: Mahathir
Malaysia PM Mahathir told the FT the Southeast Asian country was not negotiating or in contact with fugitive financier Jho Low.
Prologis to buy warehouse rival Liberty in $12.6b deal
Prologis, which has a global footprint, said the all-stock deal would deepen its presence in US markets.
Alibaba Group to buy e-commerce unit Kaola from NetEase for $2b
Alibaba intends to let Kaola continue to operate independently under its current brand.
Saudi shelves $200b SoftBank Group’s mega solar project
SoftBank Chief Executive Masayoshi Son had announced in March a plan to invest in creating the world's biggest solar power project in Saudi Arabia
Alibaba to fully acquire $9.5b food delivery app Ele.me
The acquisition enlarges Alibaba's food delivery empire, which includes delivery platform Koubei, as it competes with Meituan-Dianping.
SoftBank Vision Fund looks to invest $1b in Chinese logistics firm Manbang
SoftBank's possible investment would be part of a fundraising effort by Manbang, which is looking to raise between $500 million and $1 billion in fre
Saudi Arabia concerned about risks with New York IPO for Aramco
"I would say litigation and liability are a big concern in the U.S.," Energy Minister Khalid al-Falih said in an interview with CNN.
EBay says to buy Qoo10 Japan, other assets from Giosis
Giosis, which already counts eBay as an investor, operates seven localized online marketplaces in five countries including Japan and Singapore.
