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Main headlines latest

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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Brazil is a significant exporter of Halal foods. In 2013 it shipped 1.48 billion tonnes of chicken to the Middle East.
August 5th, 2014 - 07:29 GMT

Lured by halal livestock? Banco de Brasil to launch first Sharia-complaint fund

Al Bawaba
August 5th, 2014 - 03:55 GMT

Foreign investors spend $941 million on Saudi proxy shares in hopes of ownership

The project, located on Saudi Arabia’s Red Sea coast, received a formal go-ahead from the parent firms in 2012.
August 4th, 2014 - 07:15 GMT

Backtracking? Aramco, Sumitomo transfer ownership of impending $8.5 billion plant

Etisalat’s enhanced roaming network includes all GCC countries, allowing customers to enjoy data usage anywhere in the region as well as in 36 new destinations.
August 4th, 2014 - 06:57 GMT

Etisalat 3G coverage to reach 106 countries

Al Bawaba
August 4th, 2014 - 03:55 GMT

An unexplainable development: Egypt's car sales up 56% despite lifting of subsidies

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 per cent stake, posted a net profit of Dhs805 million ($219.2 million).
August 4th, 2014 - 03:55 GMT

Despite divestments: Dubai Investments' profits more than double

Al Bawaba
August 4th, 2014 - 03:55 GMT

Moving forward: Al-Sisi looking into three 'major' investment projects

Al Bawaba
August 4th, 2014 - 03:55 GMT

Opening up one of the world's last standing untapped phone markets: Qatar introduces low-cost sim cards in Myanmar

“Inclusion of more better and firmer laws to secure money will further boost investor confidence in the market,”
August 3rd, 2014 - 06:33 GMT

A new phase? Dubai real estate 'maturing'

Investment Dar was one of several local financial firms which struggled to refinance debt in the aftermath of the global economic crisis.
August 3rd, 2014 - 05:57 GMT

Kuwait's Investment Dar ordered to pay $1.56 billion in fines

Al Bawaba
August 3rd, 2014 - 05:05 GMT

Flydubai to fly off to Iran

Part of the explanation of the rise in unemployment is that many young people have come onto the job market but have not yet succeeded in finding employment.
August 3rd, 2014 - 01:07 GMT

As highest amongst OECD countries: Israel's unemployment rates jumps to 6.3%

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