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Gianni Infantino
July 31st, 2026 - 11:32 GMT
Osama Ali

Osama Ali

Infantino's senior adviser steps down over $20 Billion world cup venture

ALBAWABA - Carlos Cordeiro, a senior adviser to FIFA President Gianni Infantino, has resigned with immediate effect in protest at a proposal to sell an interest in the economic rights of the FIFA World Cup, believing that the idea will undermine the future of the sport. Cordeiro said he was not involved in the plan and could not support FIFA’s contemplation of selling part of what he called football’s most ...
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Sberbank, the country’s largest bank by assets, seeks to raise between $200M and $300M for a client this year via Islamic finance. (AFP/Andrey Smirnov)
September 7th, 2016 - 09:00 GMT

Russian state banks get on the Islamic finance bandwagon

Nearly 30 percent of the assets of banks in Lebanon are in cash. (File photo)
September 7th, 2016 - 08:00 GMT

Lebanon's dash for cash: Demand for hard currency doubles over seven years

Moody's said that the VAT will exacerbate already high inflation amid widely discussed currency devaluation. (File photo)
September 7th, 2016 - 07:06 GMT

Egypt's deficit expected to rise to 12 percent despite new VAT: Moody's

Fundraising in the region has dried up this year after the drop in oil prices affected demand for new public offerings. (File photo)
September 7th, 2016 - 06:00 GMT

IMG Worlds of Adventure owners consider financing options as cheap oil bites

Medina Airport, also known as Prince Mohammad bin Abdulaziz International Airport. (File photo)
September 7th, 2016 - 05:04 GMT

Turkey's TAV in talks to purchase Saudi Oger shares in Medina airport operator

QAIA can now accommodate large aircraft, including the world’s largest airplane, the double-decker Airbus A380, that is scheduled to land in the airport this month. (File photo)
September 6th, 2016 - 12:00 GMT

Jordan's Queen Alia International Airport completes phase two of expansion

IPP projects are usually more cost effective than government power plants.  (File photo)
September 6th, 2016 - 10:00 GMT

Private sector to help power up energy needs to ease GCC governments' burden

Medicines for heat-related ailments are not covered under insurance, which makes the workers reluctant to pay from their pocket and this eventually worsens their condition. (File photo)
September 6th, 2016 - 09:00 GMT

Oman's trade unions urge change in breaks policy after increase in heat-related illnesses

More than 200,000 square metres of country pavilions will also be reused as collaborative work spaces to house companies and other institutions. (File photo)
September 6th, 2016 - 08:00 GMT

No white elephants: Dubai Expo 2020 site will become 'business ecosystem'

Egyptian Media Company will be registered on the stock market as a holding company by 2017 and raise up to 1 billion Egyptian pounds in 2018 after the IPO.  (File photo)
September 6th, 2016 - 07:00 GMT

Egyptian Media Company plans $113M IPO

The report also showed a drop in the amount of new work received from abroad, the 13th in as many months. (File photo)
September 6th, 2016 - 06:24 GMT

Lebanon's private sector records drop in output, new orders: BLOM

Gardenia Plaza Resort in Sharm El Sheikh, a timeshare property once a popular with European tourists. (Capstone Travel)
September 6th, 2016 - 05:44 GMT

Egypt: Steep decline in tourism prompts rethink of timeshare system

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