Word: gabreli
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...Gulf boom. The session was co-hosted by TIME and the World Economic Forum on the Middle East. For all of the panelists, political stability was a fundamental concern. Citing the war in Iraq, the turmoil in Lebanon and the failure to achieve peace in Israel, Mohammed Shafik Gabr, chairman of Egypt's Artoc Group for Investment & Development, warned that "things are not getting any better" in the broader region...
Long relegated to the ranks of sybaritic pleasure or illicit sex, massage is emerging as a form of body maintenance. Americans spend $24 billion a year to cure back pain. GABR masseurs are licensed and receive company training to standardize treatment. A 10-min. back rub costs $14.95, a 45-min. version $49.95. Says Mary Trudel, 43, who works in a Manhattan public relations firm: "I eat lunch at my desk and come in here for a treat. After a 10-min. rub, I feel relaxed and rejuvenated...
Investors, however, have felt some back pain. The stock (RUBB) opened on NASDAQ at $5, yet closed last week at $3.75. Revenues through the third quarter ($1.97 million) nearly tripled last year's, but GABR lost $1.62 million. Still, Zanker is plunging ahead, selling franchises that cost between...
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