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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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The move is meant to reverse a sharp drop in gold miner shares. (Shutterstock)
September 24th, 2018 - 07:19 GMT

Sawiris Leads Flock to Reverse Gold Miner Shares Drop

Sultan bin Ahmed Al Wahaibi, Chief Business and Wholesale Officer at Ooredoo
September 24th, 2018 - 07:18 GMT

Ooredoo Helps Businesses Avoid Cybersecurity Threats

he Iranian minister expressed hope Sunday’s meeting of the OPEC and non-OPEC monitoring committee in Algeria would not be impacted by Trump’s threat. (Shutterstock)
September 24th, 2018 - 07:12 GMT

Iran Accuses Trump of Pressing GCC Oil Producers to Increase Output

Over the past year, pension fund investments have reached QR90 billion. (Shutterstock)
September 24th, 2018 - 07:04 GMT

Buoyed by QR 90 Billion Last Year, Qatar to Improve Pension Fund Investments

Visitors at Russian companies' pavilions at the Damascus International Fair. (AFP)
September 24th, 2018 - 06:54 GMT

Russia, Iran Vie for Syria's Reconstruction Rat Race

on Friday that the Cabinet's decision to exempt and reduce the sales tax on a number of food items and the agricultural sector, went into effect. (Shutterstock)
September 24th, 2018 - 06:48 GMT

Jordan's Reduced Taxes Goes Live

In Tir, from the total of $10.66 billion of foreign debt, $6.72 billion was interim debt and $3.94 billion was long-term debt. (Shutterstock)
September 24th, 2018 - 06:43 GMT

Iran's External Debt at $10.66 Billion, Down 5.6 Percent

Turkey is eager to use local currencies in bilateral trade deals to counter attacks by the U.S. (Shutterstock)
September 24th, 2018 - 06:33 GMT

Turkey Trade Goes Local on Currency to Counter US Attacks

Remittances from Kuwait fell by 20.4 percent despite the resumption of OFW deployment last May. (Shutterstock)
September 24th, 2018 - 06:18 GMT

Why Are Filipinos in the Middle East Sending Less Money Back Home?

Blockchain is one of the most promising of these technologies, attracting more investments every year. (Shutterstock)
September 24th, 2018 - 06:04 GMT

Dubai Launches Blockchain-Based Payment System to Boost Government Efficiency

DP World confirmed last week it will continue to pursue all legal means to defend its rights as shareholder and concessionaire in the Doraleh Container Terminal. (File/ Photo)
September 24th, 2018 - 05:58 GMT

UK Court Rules in Favour of DP World Case in Djibouti

Trade and economic relations between the UAE and Saudi Arabia are the largest among the GCC countries. (Shutterstock)
September 24th, 2018 - 05:50 GMT

UAE, Saudi to Create the Largest GDP in GCC With $1.1 Trillion

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