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Ali Express app logo / EU flags
July 20th, 2026 - 11:35 GMT
P. Choiaqo

P. Choiaqo

EU fines AliExpress $630 million for sale of illegal products

ALBAWABA - The European Union has landed a hefty fine on retail and e-commerce platform AliExpress, citing that the platform allowed the sale of illegal products including unsafe toys and cosmetics. The main grief the EU has with AliExpress is that it didn’t do enough to halt the sales of the banned items, with illegal goods and counterfeits remaining online on the sites for weeks after being detected. The products ...
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Mid-end and low-end areas with the largest declines in rents include Al Reef Downtown, Khalifa and MBZ City. (File photo)
October 25th, 2017 - 08:37 GMT

Abu Dhabi Rents Fall on Oversupply, Weak Job Market

The project is the world’s first zone to extend across three countries, stretching its borders into neighboring Jordan and Egypt. (Shutterstock)
October 24th, 2017 - 05:00 GMT

Saudi Arabia Unveils $500 Billion Mega City on Border With Jordan, Egypt

The bank believes that low oil prices have triggered a need for more financing in the region. (AFP)
October 24th, 2017 - 01:24 GMT

Societe Generale Pledges More Funds, Know-How to Middle East Region

The Entertainer is saying goodbye to its book products in 2018. (The Entertainer)
October 24th, 2017 - 12:36 GMT

The Entertainer Says Goodbye to Print Version, Launches New Offers for 2018

The statement comes after Bitcoin hit a record high of $6,148 on Saturday. (File photo)
October 24th, 2017 - 10:54 GMT

No Bitcoin in UAE, Warns Central Bank

Abu Dhabi is contemplating a new visa scheme exclusively for entrepreneurs and startups. (File photo)
October 24th, 2017 - 10:36 GMT

Abu Dhabi Mulls New Visa for Start-Ups, Entrepreneurs

The validity of employment visas issued by the Saudi Ministry of Labor for the private sector has been reduced from two years to one year. (AFP/ File)
October 24th, 2017 - 10:14 GMT

Saudi Arabia Reduces Work Visa Validity for Private Sector to One Year

Dozens of the biggest names in global business are making the trip to Riyadh today, including IMF chief Christine Lagarde. (Cristobal Bouroncle/ AFP)
October 24th, 2017 - 09:53 GMT

Major Investment Conference Kicks off in Saudi Arabia

The UAE is now among 20 countries worldwide that offer the innovative service. (AFP/ File)
October 24th, 2017 - 07:56 GMT

Apple Pay Launches in UAE and Three Other Countries

In this opinion piece, Vitaliy Katsenelson explains why some under-performing companies, like Coca-Cola, still have good stocks, while the opposite is not always true. (File photo)
October 23rd, 2017 - 02:17 GMT

Opinion: Why Good Companies Don't Always Make Good Stocks

The two sides reached an agreement on opening border crossings and developing ports, roads and border areas. (AFP)
October 23rd, 2017 - 11:40 GMT

Saudi-Iraqi Joint Council Stresses Oil, Trade and Private Sector Partnerships

Hiring mothers of Saudi men and women and children of Saudi women is now part of the country's Saudization plans. (AFP)
October 23rd, 2017 - 11:06 GMT

Children of Saudi Women, Foreign Mothers of Saudis to Have Saudi Jobs

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