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Trump and musk
August 14th, 2026 - 01:44 GMT
Osama Ali

Osama Ali

The $100 Million peace offering that reunited Trump and Musk

ALBAWABA - Almost a year after a spectacular falling out between President Donald Trump and entrepreneur Elon Musk, the pair appear to be inching closer together, united by common political and economic objectives. Musk is planning to spend at least $100 million to support Republicans in the November midterm elections, The Wall Street Journal reported, capping a months-long campaign to mend his relationship with Trump. Signs of Reconciling A hint ...
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Foreign investors pumped $40.3 million last month into the UAE capital, with the real estate market dominating at 44.61% of the total shares. (Pixabay)
April 3rd, 2017 - 04:00 GMT

Real estate takes lion share of Abu Dhabi's foreign investment

The head of the Tax Authority revealed that actor Adel Emam paid the largest amount of tax for the free professions category at LE3,921,000 ($217,260). (File photo)
April 2nd, 2017 - 06:00 GMT

Against the odds.. Tax returns in Egypt up 40 percent!

The negative comments of the Lebanese on social media reflect the gloomy mood felt by most citizens who wonder why none of the successive governments have been able to end the severe power rationing.
 (Shutterstock)
April 2nd, 2017 - 05:00 GMT

Lebanese take to social media to mock new power plan by government

The aggregate primary issuance of bonds and sukuk by GCC entities totaled $167.54 billion in 2016, a 41.2 percent increase from the total amount raised in 2015. (File photo)
April 2nd, 2017 - 01:28 GMT

GCC issues 40 percent more bonds, sukuk in 2016: Report

If the new consumption tax is applied then a VAT of between 50 fils and Dh2.75 could be added to the overall amount of remittances from the UAE. (Facebook)
April 2nd, 2017 - 01:15 GMT

Will UAE apply VAT on expat remittances too?

The company has delivered a 25 percent reduction in global headcount with over 1,000 positions reduced across its global operations. (Taqa)
April 2nd, 2017 - 12:51 GMT

Abu Dhabi's 'Taqa' announces full-year financial results, $5.2B net loss in 2016

The law allows granting the ID to any GCC residents who have stayed more than six months in the year since their entry date to Bahrain. (Shutterstock)
April 2nd, 2017 - 11:40 GMT

Bahrain to grant IDs to GCC residents in investment push

Moody’s anticipate a mild real GDP shrinkage of 0.2 percent in 2017 due to lower oil production. (Pixabay)
April 2nd, 2017 - 11:17 GMT

Saudi Arabia’s fiscal position remains strong: Moody's

Kuwait's oil export receipts declined by 14.1 percent in 2016 to KD 12.5 billion ($ 41 billion), its lowest level in just over a decade. (Pixabay)
April 2nd, 2017 - 10:58 GMT

Kuwait’s trade surplus drops to 11-year low amid lower oil prices

More than 4.4 million hotel guests were recorded in Abu Dhabi over the course of 2016, 4.9 million are expected in 2017. (Pixabay)
April 2nd, 2017 - 09:26 GMT

Abu Dhabi: Statistics show unprecedented growth in hotel reservations

The project will cover a total area of 400,000 square metres and will be built through two stages. The construction work for the first phase will start by next year.
April 2nd, 2017 - 08:20 GMT

Oman unveils $1B tourism project for Muscat

According to the report, Dubai saw nearly 11.5 percent fewer new investment projects last year. (Pixabay)
April 2nd, 2017 - 08:04 GMT

Foreign direct investment in Dubai falls 11 percent: Report

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