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Main headlines latest

Zohran Mamdani
August 9th, 2026 - 08:42 GMT
P. Choiaqo

P. Choiaqo

Mamdani levies tax on luxury second homes, billionaires sue

ALBAWABA - Mamdani passes law taxing luxury second homes leading three New York billionaires to sue for failing to follow state notice requirements and setting off a “panic” in late July. The suit itself is not targeted toward the tax but toward Mamdani’s handling of the announcement of the tax with those suing citing the mayor’s office caused chaos after wrongly suggesting thousands of people might owe taxes on homes ...
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Morocco has been planning and designing the Zenata Eco-City for over a year (Courtesy of the French Agency for Development-AFD)
December 22nd, 2013 - 12:17 GMT

UAE building new city...in Morocco?! Joint venture signed for mega retail, leisure destination

Confidence has returned to Dubai’s marketplace. (Image credit: Shutterstock)
December 22nd, 2013 - 08:01 GMT

Survey: Dubai's office rents now nearly as much as New York

The sheer volume of consumer loans is a real cause for concern because it indicates the absence of logic on the part of borrowers.
December 22nd, 2013 - 03:55 GMT

Saudi Arabia's consumer loans hit 'worrying' levels

There can be no increase if the existing rent is only 10 per cent lower than the average that a similar property commands within a neighbourhood.
December 22nd, 2013 - 12:03 GMT

Taming the monster: Dubai issues new regulations on rental increases

“We should not favour Emiratis over qualified foreign journalists,” said Sheikh Sultan bin Ahmed Al Qassimi, chairman of Sharjah Media Corporation.
December 20th, 2013 - 09:29 GMT

UAE plans to Emiratize the media

Al Bawaba
December 20th, 2013 - 09:03 GMT

The slavery episodes continue: Qatari workers facing a "severe food shortage"

Fitch ranked Saudi Arabia, UAE and Kuwait as the most stable banking environments in the GCC (Courtesy of The Telegraph)
December 19th, 2013 - 12:05 GMT

Fitch on GCC banks: bright outlook for 2014

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
December 19th, 2013 - 10:57 GMT

Need an extra $42.4 billion? For this Gulf country, this surplus is a real possibility in 2014

Many individuals have reported purchasing zero balance calling cards within the past few weeks (Courtesy of Dubai Chronicle)
December 19th, 2013 - 10:45 GMT

Etisalat "losing credit" among UAE customers with zero balance calling cards

Turkey held the first ever Syrian Economic Forum this week in Gaziantep (Courtesy of Al Arabiya)
December 19th, 2013 - 10:31 GMT

First Syrian Economic Forum closes in Turkey

4D movies add further depth to the movie experience. (Image credit: Shutterstock)
December 19th, 2013 - 08:20 GMT

Smell the dinosaur! UAE cinemas to show 4D movies.

Working hours in Saudi Arabia have been reduced from 45 hours/week to 40 hours/week. (Image credit: Shutterstock)
December 19th, 2013 - 06:26 GMT

Finally - A five day work week in Saudi Arabia

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