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BUSINESS

BUSINESS latest

The lights were always going to go out: inside Lebanon's electricity affair
April 24th, 2026 - 09:42 GMT
Al Bawaba Staff

Al Bawaba Staff

The lights were always going to go out: inside Lebanon's electricity affair

As per Lebanese regulation, before any fuel cargo is accepted into Lebanon, it must undergo laboratory testing. And the body responsible for said testing? The Ministry of Energy. Électricité du Liban, the state-owned electricity company, relies heavily on fuel imports as it still uses fossil fuels. Surprisingly enough, the World Bank attributes nearly half of Lebanon's public debt (around $40 billion) to the electricity sector. Despite years of massive spending ...
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Ahmad Bin Shafar, CEO of Empower.
August 29th, 2018 - 11:15 GMT

Empower Gears up to Host 8th Idea District Cooling Conference & Tradeshow 2018 in Dubai

The King was advised that the IPO would undermine the Kingdom’s economy instead of helping it and their main concern was that it would bring full public disclosure of Aramco’s financial details. (AFP)
August 29th, 2018 - 10:37 GMT

Saudi Arabia Calls off Aramco IPO Plans

Prices had gone up in the month of August as well, compared to the previous month. (Shutterstock)
August 29th, 2018 - 10:27 GMT

Petrol Prices to Rise in UAE Starting September

Speaking to German business representatives and ambassadors at the Foreign Ministry, Heiko Maas criticized U.S. President Donald Trump’s sanctions and his economic pressure policy towards Turkey. (Shutterstock)
August 29th, 2018 - 09:53 GMT

Unlike US, EU Wants a Stable Economic Development in Turkey

Key UBF’s initiatives included a cybersecurity intelligence platform, a compliance framework assessment, and an ethical selling framework.
August 29th, 2018 - 09:50 GMT

UAE Banks Federation’s 2017 Annual Report Reaffirms a Robust and Resilient UAE Banking Industry

The UAE team includes Ahmed Habib Al Gharib, general manager of Humaid Bin Rashid Al Nuaimi Foundation for Human Development- Ajman and the full team of the Locus Chain Mena Office in Dubai. (Shutterstock)
August 29th, 2018 - 09:45 GMT

UAE Participates in Global Blockchain Summit

Qatar Foundation initiative focuses on future of education at groundbreaking New York forum
August 29th, 2018 - 09:39 GMT

World Innovation Summit for Education Announces Wise@NY Program for UN Global Goals Week

According to an economic expert, the inclination to suspend the issuance and renewal of work permits for expatriates above the age of 60 who work in the private sector is not suitable. (Shutterstock)
August 29th, 2018 - 09:37 GMT

Experts Raise Concerns Over New Visa Rules in Kuwait

Should your face be your passport? Or is face recognition a scourge on those who want to remain anonymous? You decide, but it might get you through the airport quicker next time without you even realizing it – and that’s always going to put a smile on your face. (Shutterstock)
August 29th, 2018 - 09:29 GMT

Your Face Might Become Your Passport Soon

During the event
August 29th, 2018 - 09:19 GMT

Don’t Miss out on the Exciting Prizes and Instant Rewards at City Centre Fujairah and City Centre Ajman This Summer

The guidelines for the Saudization mechanism on the ministry’s website says that the targeted Saudization in these activities has been scaled down from 100% to 70%. (Shutterstock)
August 29th, 2018 - 08:59 GMT

70 Percent Saudization in These 12 Sectors

Samsung Pay Life Style.
August 29th, 2018 - 08:56 GMT

Samsung Pay Vouchers Launch in the UAE

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