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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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Foreign investors were net buyers of LE609.1 million worth of shares, however the Egyptians were net sellers with LE603.7 million.
August 3rd, 2014 - 12:50 GMT

"Bushret Khair": Egypt's stocks hit highest level in 6 years post-Eid trading

The Ministry of Finance stressed in the report that the reforms made to the 2014/2015 state budget aim to stimulate the economy, boost employment rates and support social justice.
August 3rd, 2014 - 03:55 GMT

It's never over: Egyptian government preparing new stimulus package

Apple denied creating any "back doors" for intelligence agencies.
July 31st, 2014 - 07:14 GMT

Apple employees can see your texts, photos

The consumer goods and services index hit 196.8, a 1.4 percent rise compared to last month,
July 31st, 2014 - 03:00 GMT

The best of the worst: Iran's inflation stands at 25.3%

Security alerts due to rocket attacks and frequent air raid sirens have disrupted business activity and caused a drop in industrial output and consumer spending.
July 31st, 2014 - 02:42 GMT

The tip of the iceberg: Gaza War to 'leave a dent' in the Israeli economy

Outbound tour operators told The Jordan Times the majority of bookings are for all destinations in Turkey, including Istanbul, Antalya and Marmaris.
July 31st, 2014 - 01:48 GMT

The soap opera effect? Turkey most popular vacation destination for Jordanians this Eid

The report additionally forecast that Saudi oil reserves will rise to as much as 273 billion bbls by 2017.
July 31st, 2014 - 03:55 GMT

Saudi oil output to remain high by 'historical standards'

Exchange houses recorded a significant increase in remittances from the UAE during Ramadan as expatriates sent additional money to their home countries for Eid spending.
July 31st, 2014 - 03:55 GMT

Financing Eid back home? UAE expat remittances on the rise during Ramadan

Al Bawaba
July 30th, 2014 - 12:25 GMT

Making life easier for tourists? New visa system in place for UAE starting August 1st

Airlines rely on governments to provide them with the information from sources they don’t have access to, such as military or secret service information.
July 30th, 2014 - 11:30 GMT

The Domino effect? Major airlines reconsider flying over Iraqi skies post-MH17 downing

Al Bawaba
July 30th, 2014 - 11:19 GMT

Eid Mubarak, elsewhere: Middle East tourists biggest UK spenders post-Ramadan

Al Bawaba
July 30th, 2014 - 03:55 GMT

All about reform: IMF approves $5 billion credit line to Morocco

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