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Zohran Mamdani
August 9th, 2026 - 08:42 GMT
P. Choiaqo

P. Choiaqo

Mamdani levies tax on luxury second homes, billionaires sue

ALBAWABA - Mamdani passes law taxing luxury second homes leading three New York billionaires to sue for failing to follow state notice requirements and setting off a “panic” in late July. The suit itself is not targeted toward the tax but toward Mamdani’s handling of the announcement of the tax with those suing citing the mayor’s office caused chaos after wrongly suggesting thousands of people might owe taxes on homes ...
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The Dubai-based carrier is the world's largest operator of the A380 jets. In November, it announced plans to buy another 50 from the European planemaker at the Dubai Air Show.
August 13th, 2014 - 07:37 GMT

A tad unreasonable? Emirates agrees to $425 million loan to finance superjumbos

UAE nationals topped the list with Dh12.5 billion ($3.5 billion), .
August 13th, 2014 - 07:06 GMT

Too many eggs in the same basket? GCC investors spent $5 billion in 2014 alone on Dubai's real estate

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

Documenting financial (mis)behaviour: Al Etihad Credit Bureau to begin issuing consumer credit reports


UAE was ranked the top country in the Middle East based on passengers carried.
August 13th, 2014 - 10:52 GMT

The link between East and West? Middle East airlines carried 158 million passengers in 2013

The 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
August 12th, 2014 - 10:21 GMT

Understanding the 'Arab Spring', years later: over 50% of Egypt's youth are poor

Al Bawaba
August 12th, 2014 - 03:08 GMT

Time for the trend to be reversed? Dubai experiences lowest hotel occupancy rate in 18 years

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
August 12th, 2014 - 02:29 GMT

GCC energy sectors to vicariously profit from China, India's increased industrial activity

Jordan's credit challenges lie mostly in its fiscal and external accounts.
August 12th, 2014 - 02:21 GMT

Despite all stability, Moody maintains B1 credit rating for Jordan


Carrefour had the most significant climb up the Top 10 over the first six months of the year, jumping up five places from ninth to fourth.
August 12th, 2014 - 12:44 GMT

Samsung snatches Google's reign in the UAE

To counter supply outages in Iraq and among other OPEC producers, Saudi Arabia has maintained a high level of oil output
August 12th, 2014 - 03:55 GMT

Profiteering off regional tensions? Saudi Arabia to pump more oil in 2014

Al Bawaba
August 11th, 2014 - 11:13 GMT

Robin Hood style? Long Live Egypt Fund to accept donations from Mubarak-era convicted businessmen

“The market has become more complacent about supply again. But complacency is dangerous. Given the geopolitical tensions, a spike in oil prices cannot and should not be ruled out.”
August 11th, 2014 - 10:35 GMT

Let's wait and see: oil prices 'complacent' with US military strike on Iraq

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