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Dropbox files for IPO of up to $500 million

Data-sharing business Dropbox on Friday filed for an initial public offering of up to $500 million with the US Securities and Exchange Commission. The San Francisco-based company, which started as a free service to share and store photos, music, and other large files, competes with much larger technology firms such …

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Saudi Arabia holds first ever Jazz festival

Men and women swayed to music at Saudi Arabia’s first-ever jazz festival on Friday, the second of a three-day outdoor event that showcases the Kingdom’s recent efforts of shedding its conservative image. Locals and foreigners flocked to the festival to watch bands from Riyadh, Beirut and New Orleans. The crowd …

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