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BUSINESS

BUSINESS latest

Gautam Adani
May 15th, 2026 - 02:57 GMT
Osama Ali

Osama Ali

Trump lawyer, $18M deal: Adani walks free

ALBAWABA - US federal prosecutors are seeking to drop a high-profile corruption prosecution against Indian billionaire Gautam Adani following a cash deal and a change in his legal defense team. Adani and his nephew agreed to pay a $18 million civil penalty without admitting or rejecting the claims, according to disclosures by Adani Green Energy. The case, dating back to late 2024, charged them of participating in a wide-ranging corruption ...
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The International Monetary Fund, or IMF, urged GCC regulators to continue to ensure that banks maintain higher capital than required by minimum international standards.
March 26th, 2014 - 12:25 GMT

IMF tells GCC banks to be prepared for the worst

Overall, the Middle East’s online shopping is set for ‘exponential’ growth in the next three to five years, as more consumers embrace faceless transactions
March 25th, 2014 - 10:58 GMT

Addiction or healthy economy? UAE leads the region in online shopping

Arab foreign ministers on Sunday approved a draft resolution that paves the way for Egypt to host the Arab summit next year, and referred it to the Arab leaders for final endorsement.
March 25th, 2014 - 10:20 GMT

Too much drama to handle? Kuwait's Arab Summit 'aimed at economic growth'

Etihad will now have a 49 per cent stake in Air Serbia (File Archive)
March 25th, 2014 - 04:00 GMT

UAE airline moves forward with Air Serbia deal

Dubai's foreign trade growth rate exceeded twice the forecasted 2.5 per cent estimated by the World Trade Organisation (File Archive)
March 25th, 2014 - 03:00 GMT

Behind the numbers: What's really going on in Dubai's $272 billion foreign trade scene?

The new app is designed to curb the frequency of blackouts expected during Egypt's summer months (File Archive)
March 25th, 2014 - 02:36 GMT

Curbing energy use in Egypt? Yes, Cairo has a new app for that

Almost one million foreign workers left KSA between March and November 2013 ahead of Saudi's major labor deportations at the end of last year (File Archive)
March 25th, 2014 - 01:45 GMT

Report: KSA policy forces over half of contracting firms to shut their doors....for good

The growing Syrian refugee population in Jordan has often been blamed for the spike in poverty, but Jordan has been combating this ever developing issue for over a decade (File Archive/AFP)
March 25th, 2014 - 01:14 GMT

A toolbox without the tools? Spotlight on Jordan's poverty alleviation strategy

Etihad Airways
March 25th, 2014 - 12:45 GMT

Regulatory approvals confirmed for Air Serbia agreement

Al Bawaba
March 25th, 2014 - 12:25 GMT

Nawras bags three creative awards at 2014 Dubai Lynx Awards

Al Bawaba
March 25th, 2014 - 11:55 GMT

Emirates Islamic launches Abu Dhabi Rewards Credit Card

Al Ansari Exchange
March 25th, 2014 - 10:54 GMT

Al Ansari Exchange & Western Union announces start of 2014 edition of inter-university ‘Business for Better’ competition

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