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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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According to a joint plan of action agreed in November in Geneva, world powers would “establish a financial channel to facilitate humanitarian trade for Iran’s domestic needs using Iranian oil revenues held abroad”.
March 16th, 2014 - 03:55 GMT

Not so open for business after all? Western Banks giving Iran the cold shoulder

 Emaar talked about listing its shopping mall unit but was forced to put the plan on hold as the emirate's real estate and stock markets collapsed.
March 16th, 2014 - 03:55 GMT

Shopping mall wealth: Emaar is about to make the region's highest equity list since 2008

Egypt's stock market closed the week on Thursday with a three-year high as daily turnover of listed securities hit LE1.4 billion ($201 million).  The broader index EGX70 dropped 1.35 percent in a session that saw mostly Egyptians as net suppliers, while Arab investors were net sellers at a net value of LE8 million ($1.15 million).
March 16th, 2014 - 03:55 GMT

Talk about a comeback: Egypt's stock market hits a three-year high!

Lebanon's airport numbers have gone down dramatically over the past three years due to the country's domestic turmoil as well as the neighboring war in Syria (File Archive)
March 13th, 2014 - 02:00 GMT

Clearly, refugees aren't part of the formula: number of incoming passengers to Lebanon decline further

Singapore Tourism Board is in the process of developing materials in Arabic to lure more tourists from MENA and the Arabic-speaking world (File Archive/Shutterstock)
March 13th, 2014 - 01:00 GMT

World's most expensive city luring KSA tourists

Al Bawaba
March 13th, 2014 - 12:13 GMT

RAK Properties reveals sales of new villas for flagship Flamingo Villas project

Al Bawaba
March 13th, 2014 - 12:05 GMT

Acer targets double digit growth in bullish KSA Market

Al Bawaba
March 13th, 2014 - 11:55 GMT

Dubai tops public transportation affordability globally

Iran's oil production has decreased by 171,000 bpd since 2012
March 13th, 2014 - 11:55 GMT

Onwards and upwards: Iran’s oil output up to 2.8 mbpd in February

Al Bawaba
March 13th, 2014 - 11:24 GMT

Imdaad shares its sustainable growth & development strategies at MEFMA Confex 2014

Al Bawaba
March 13th, 2014 - 11:18 GMT

Emirates Islamic announces special Friday promotions at Dubai Festival City branch

Al Bawaba
March 13th, 2014 - 11:10 GMT

Canon Middle East empowers Arab filmmakers with new generation digital technology

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