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Massive reward offered for missing pilots as Iranian TV urges citizens to shoot jets
April 3rd, 2026 - 03:09 GMT
Osama Ali

Osama Ali

Massive reward offered for missing pilots as Iranian TV urges citizens to shoot jets

ALBAWABA - Iranian state media has offered a cash reward for the apprehension of a U.S. pilot who was allegedly ejected over southwest Iran and has urged locals to help find him. The declaration, which was shown on state television, is indicative of growing tensions that are influencing the geopolitical and economic risk environment in the area. The pilot is reportedly said to have parachuted from a fighter plane at ...
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Owners of different businesses have expressed their frustrations, as their sales had fallen by 20 per cent during the first days of the Eid festival, as compared to the previous years.
August 12th, 2013 - 06:49 GMT

Eid amidst security threats in Bahrain

The Dubai stock benchmark DFM General Index fell 0.24 per cent to close at 2667.65.
August 12th, 2013 - 06:37 GMT

End of Eid brings market drop to UAE markets

The department dealt with more than 5,000 complaints filed by different customers against retailers based in Dubai in the first half of 2013 (Getty images)
August 7th, 2013 - 12:12 GMT

Justice in the World of Consumption: Dubai awards around $5 million in refunds to disgruntled consumers

With the exception of Bank Audi, which posted a 21.78 percent increase in net loans, the loan portfolios of Byblos, BLOM, Bank of Beirut and BEMO contracted respectively by 0.48 percent, 0.67 percent, 1.37 percent and 4.39 percent.
August 7th, 2013 - 11:54 GMT

Lebanese banks suffering contractions

Syria’s economy has been hurt by depletion of foreign reserves that were estimated at around $16 billion to $18 billion before the conflict.under an article in the bloc’s regulations on Syria, “the release of frozen funds or economic resources may be authorized when this is necessary for humanitarian purposes.”
August 7th, 2013 - 11:22 GMT

Syrian regime seeks frozen bank accounts for vital food supplies

700,000 inhabitants of those areas will benefit from the project and will have their living conditions improved
August 7th, 2013 - 10:10 GMT

EU grant to revamp disadvantaged Tunisian neighbourhoods

Real estate sales in the month of June in Kuwait increased by 27 per cent year-on-year, to reach KD339 million ($1.18 billion), an NBK report said.
August 7th, 2013 - 08:18 GMT

High Demand, High Liquidity: Kuwait's real estate sales reach $1.1 Billion in June

Emirates, one of the world’s fastest-growing airlines, on Monday announced the launch of its luxury private jet service.
August 6th, 2013 - 12:14 GMT

"Unsurpassed Luxury": Private Jet service now launched by Emirates

Officials from Sharjah are to target Washington and New York next month on an investment roadshow (Getty images)
August 6th, 2013 - 11:30 GMT

Sharjah to target US investments

A healthy inflation target in stable economies ranges between 2-3%.
August 6th, 2013 - 11:14 GMT

Life more expensive in Iran by one-third

The country has run through more than $20bn in reserves, borrowed billions from abroad and delayed payments to oil companies to support its currency since its popular uprising in early 2011 (Getty images).
August 6th, 2013 - 10:36 GMT

Thanks to Gulf States, Egypt Foreign Reserves Highest in 20 months

Mosaic's cash investment is expected to be up to $1 billion, funded over a four-year period beginning in 2013.
August 6th, 2013 - 10:05 GMT

American Firm to own 25% of Giant Saudi Phosphate Joint Venture

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