Jumbatt 266,000 square meters of "fake" property for an estimated $8 million, based on the advice of his previously closely trusted associated Baheej Abu Hamza.
Learn the story behind the outlet's success.
Winning the Dubai 2020 World Expo bid has boosted the world's confidence in the UAE's economy, but the country's business and investment policies are also attracting innovation and new entrepreneurs to the country.
The implementation of a GCC union at this time may have little to no economic effect on Arab countries due to current loopholes in countries' economic cooperation models.
Saudi's stock market has recorded its best year since 2009 according to estimates this week.
Having once been the regal heart of the Middle East, Egypt now finds itself relegated to the position of a mere jewel being fought over to adorn other countries' crowns.
December 17, 2013
The global Islamic finance sector is booming with over $1.4 trillion in assets. The question now is will the GCC lead the sector's growth in the upcoming years or will another player take the lead?
Google has finally released Android 4.4, fondly known as "KitKat," on the market. Here are ten new features Android users can look forward to with Google's new release.
What Arab Spring? The Middle East is undergoing a quiet revolution that is truly transforming the region
Finally, some positive news from the Middle East. Here comes an optimistic lens on the entrepreneurial tsunami reverberating through the capitals of the region - and why you need to join.
A new report looks at the financial crisis of 2009 where conventional banks witnessed far greater levels of exposure in comparison to their Islamic banking counterparts.
A recent National Bonds survey sheds light on the surprising rates.
December 16, 2013
At any rate, it seems that reality as politicians see it is somewhat different from reality as economists see it.
The bank, established in 1974 by a treaty signed by Egypt, Libya, Qatar, Oman and the UAE, is exempt from many Egyptian laws.
Jordan's economy is suffering, ensuring that its economic growth rate will not exceed three percent. Is Gulf Aid the country's economic remedy, or what else needs to be done for Jordan to be economically healthy again?
Saudi Arabia is investing in renewable energy research to create more job opportunities under its Saudization process.