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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 SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.
June 20th, 2014 - 11:12 GMT

Fighting 'tasattur' with xenophobia? Saudi Arabia to 'keep an eye' on expats' bank accounts

Israeli refineries have taken Kurdish crude oil before but in small volumes, which were shipped to Turkish ports by truck.
June 20th, 2014 - 01:01 GMT

Is this what 'autonomy' means? First Kurdish oil shipment headed to Israel

Investment in research and development (R&D) grew 29 percent in 2013 to reach TL 5.8 billion, though Turkey has a long way to go to reach its ambitious R&D targets for 2023.
June 19th, 2014 - 10:22 GMT

Aiming for $60 billion by 2023, Turkey R&D spending grows by a third

Amazon CEO Jeff Bezos has unveiled a new smartphone called Fire Phone.
June 19th, 2014 - 10:18 GMT

Talk about abandoning its comfort zone: an inside look into Amazon's 'Fire Phone'

Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds ($1.69 billion) instead of making any major acquisitions.
June 19th, 2014 - 10:06 GMT

Not so fancy? Rolls Royce to return $1.7 billion to investors

Al Bawaba
June 19th, 2014 - 09:59 GMT

GCC visitors spend $500,000 on first few days of World Cup

Jordanians and tourists will be able to take a bus tour of old Amman as part of an initiative launched by the Jordan Express Tourist Transportation Company (JETT).
June 19th, 2014 - 09:46 GMT

London, be jealous: Amman to introduce free tourist bus in Ramadan

Al Bawaba
June 19th, 2014 - 03:42 GMT

If only its economy was the only thing tainted, Israel's black economy stands at 6.6% of GDP

Al Bawaba
June 19th, 2014 - 12:08 GMT

What's keeping the resignation of Arabtec's billionaire CEO a mystery?

The Kingdom, with a population of some 29 million people, reported annual car sales hovering at 700,000 units last year.
June 19th, 2014 - 12:00 GMT

Korean company to establish car assembly plant in Saudi

First Gulf Bank
June 19th, 2014 - 10:48 GMT

FGB ranked in top 10 companies and named 4th leading bank in the Arab world by Forbes Middle East

Al Bawaba
June 19th, 2014 - 10:18 GMT

Starbucks presents Kuwait With new and exclusive food range

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