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Adidas Ad
June 24th, 2026 - 11:49 GMT
P. Choiaqo

P. Choiaqo

Adidas and Calvin Klein ads banned in UK for misleading messages

ALBAWABA - UK regulators are tightening restrictions on major brands for misleading environmental statements in their advertising. The decision comes after brands such as Adidas, Calvin Klein, and Uniqlo, made statements in their advertising that said their clothes are made from recycled materials - a statement which turned out to be hardly true. Adidas was promoting their “recycled running shoes” while Calvin Klein advertised “recycled” tops for women, and lastly ...
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230 of Iran's 250 planes need to be replaced. (Twitter)
June 19th, 2016 - 12:00 GMT

Iran strikes deal with Boeing for purchase of 100 planes

Fincantieri's Laksamana Class Missile Corvette, belonging to the Malaysian Navy. (Naval Technology)
June 19th, 2016 - 11:00 GMT

Qatar awards Fincantieri with $4.4B shipbuilding deal


The Kuwaiti parliament has approved a 2015-2020 development plan envisages investments totalling more than $100 billion in infrastructure projects in the country. (Cicadesign.ca)
June 19th, 2016 - 10:00 GMT

Italy's Salini Impreglio wins $955M Kuwait housing project contract

There is huge dip in the number of new projects in Oman due to lower oil prices and this has led to retrenchment of workers. (Arabian Business)
June 19th, 2016 - 07:45 GMT

Oman: Budget carriers in stiff competition as migrant workers leave 'by the thousands'

The UAE is set to be the first GCC country to introduce VAT in 2018 and is expecting to generate around Dhs 10bn to Dhs 12bn in revenues in its first year of implementation. (Shutterstock)
June 19th, 2016 - 06:00 GMT

UAE lays out first phase of corporate VAT policy

Boeing was pipped by European rival Airbus who signed a preliminary agreement in January to sell Iran 118 aircraft valued at $27 billion. (Wikimedia Commons)
June 19th, 2016 - 04:23 GMT

Financing issues present the last hurdle in Iran's 'historic' Boeing deal

A US found that integrating solar power into the grid is complex because, utility system operators would need to favor one source of supply over the other to maintain market balance. (Shutterstock)
June 16th, 2016 - 01:03 GMT

Renewable energy costs could drop by up to 59 percent in five years: IRENA

The plan envisages increasing the country’s refining capacity to about 3.2 million barrels a day by 2020 from 1.85 million currently. (Ship and Bunker)
June 16th, 2016 - 01:00 GMT

Iran plans to boost refinery capacity by more than 70 percent in four years

Last April, Saudi Arabia and the United States had added a number of organizations on their lists of terrorist groups. (File photo)
June 16th, 2016 - 12:30 GMT

Saudi Arabia tightens bank transfer procedures to Lebanon to prevent Hezbollah funding

Egypt's Central Bank has sought to crack down on the black market, revoking the licenses of exchange bureaus found dealing far beyond the official rate. (AFP/Khaled Desouki)
June 16th, 2016 - 11:43 GMT

Egypt's black market currency traders take their business abroad

Muscat Finance has achieved a net profit of OMR1.21 million for the first quarter of 2016, against OMR1.26 million for the same period of last year. (File photo)
June 16th, 2016 - 10:30 GMT

Muscat Finance plans $13M bond issue

The AC-208 is based off ATK's Cessna 208 Caravan aircraft. It provides intelligence, surveillance and reconnaissance capabilities and can be armed with Hellfire missiles. (Wikimedia Commons)
June 16th, 2016 - 08:30 GMT

Iraq: US green lights proposed $181M aircraft maintenance deal

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