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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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Rizq added that he expects the contract with the winning consortium to be announced within days, and that the consortium will finish and present the plan to the cabinet within six months after the announcement.
May 16th, 2014 - 12:29 GMT

Checking in: where does Egypt's impending Suez Canal Development Project stand?

Al Bawaba
May 16th, 2014 - 12:21 GMT

What will it take for Egypt's entrepreneurial potential to explode?

While overall unemployment experienced a slight increase, the seasonally adjusted unemployment rate decreased slightly to 9.1 percent, down from 9.2 percent in January.
May 16th, 2014 - 12:07 GMT

The realities of the economic 'miracle': Turkey's unemployment rate above 10%

Al Bawaba
May 15th, 2014 - 11:57 GMT

With 238 dead, what is it that makes mining in Turkey so fatal?

Bank of Israel officials told "Globes" last week that the strong shekel was a direct consequence of the dollar's weakness on international markets, and drew attention to the dollar-euro exchange rate.
May 15th, 2014 - 11:44 GMT

An economic 'emergency'? Israel's high-tech exports down by one third

On March 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran's oil industry would head forward, with or without sanctions.
May 15th, 2014 - 03:47 GMT

A post-sanctions refined relationship? Chinese companies to invest $3 billion into increasing Iran's oil refining capacities

Al Bawaba
May 15th, 2014 - 03:38 GMT

An inside look into why 2014 will mark Sharjah's biggest project spending year ever

Locals said large sections of the sea had been covered in an unidentified black substance, initially thought to be an oil spill, last Sunday.
May 15th, 2014 - 02:23 GMT

Lebanese power plant under fire for causing massive pollution

“They have to be ready to sell and they’ve said they’re not ready,” Chapman said at Airport Show 2014 in Dubai.
May 15th, 2014 - 02:20 GMT

The sky is the limit: Emirates has its eyes set on Lufthansa's catering business

Al Bawaba
May 15th, 2014 - 02:02 GMT

Khalifa Sat, world's first Emiratized satellite to make it into earth orbit by 2017

Al Bawaba
May 15th, 2014 - 10:53 GMT

ASDA’A Burson-Marsteller CEO honoured with SABRE award for outstanding individual achievement

Al Bawaba
May 15th, 2014 - 10:47 GMT

Sharjah Museums Department marks International Museum Day with four educational workshops

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