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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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Workers were incensed that the firm did not pay them despite the Group reportedly receiving a $667M loan from Saudi British Bank and National Arab Bank. (Samaa.tv)
June 2nd, 2016 - 12:02 GMT

Binladin Group reportedly selling assets as workers continue to protest unpaid salaries

Uber serves more than 450 cities in more than 70 countries, and has previously attracted investment from Qatar, whose sovereign wealth fund took a stake in the company in 2014. (File photo)
June 2nd, 2016 - 11:31 GMT

Uber gets a $3.5B Saudi injection

Emirates NBD has already launched major digital banking initiatives in support of the country’s ‘smart city’ vision.  (File photo)
June 2nd, 2016 - 11:00 GMT

Emirates NBD to target millennials with $136M digital strategy

Arabtec's vice-chairman hopes the company's restructuring process will help improve the financial performance. (Ventures On Site)
June 2nd, 2016 - 10:00 GMT

Arabtec dips into reserves to stem losses

The report said that 91 percent of the 2 billion tons of rubble left by the war have been cleared. (AFP/File)
June 2nd, 2016 - 09:00 GMT

Gaza reconstruction: 60 percent funding shortfall in promised donations

The deal includes 80 train carriages to be given to the Egyptian National Railways as a “gift” worth a 100 million euro-grant from Hungary. (Shutterstock)
June 2nd, 2016 - 08:00 GMT

Egypt: Hungary to fund 700 train carriages in $1B deal

Slated to be operational in 2020, the plant will create 2,000 jobs in the kingdom. (Shutterstock)
June 2nd, 2016 - 07:00 GMT

Saudi Arabia: Aramco partners with GE and Italy's Cividale for $400M manufacturing plant

Egypt’s tourism industry, a vital source of foreign currency, has been hit hard following a series of crises in recent months. (File photo)
June 2nd, 2016 - 05:00 GMT

Egypt to support Sinai families hit by tourism decline

The Dh2.1billion project comprises four lanes in both directions. (Shutterstock)
June 2nd, 2016 - 04:31 GMT

New Abu Dhabi-Dubai highway to open by end of 2016

Oman is expected to post an OMR 3.3bn ($8.6bn) budget deficit this year due to lower oil revenues. (Scenoplus)
June 1st, 2016 - 11:00 GMT

Oman’s corporate tax hike hopes to boost coffers by $650M

A number of smaller producers had become overly dependent on oil as a source of revenue, when prices were high, and did not make efforts to diversify their economies.  (Twitter)
June 1st, 2016 - 10:00 GMT

Smaller oil producers expected to follow the leader at OPEC meet

The GCC is one of the fastest growing markets in terms of visitors’ numbers and spending, and Britain is firmly placed among the top three European destinations for tourism. (Shutterstock/Cedric Weber)
June 1st, 2016 - 09:00 GMT

Barmy for Blighty: Record number of Gulf tourists visited UK in 2015

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