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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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Federal Tax Authority
September 23rd, 2018 - 07:42 GMT

UAE Federal Tax Authority Urges All Retail Companies to Register and Connect to the Digital System of Its ‘Tax Refund Scheme for Tourists’

Remittances to home countries surged by 13.1 per cent to Dh88 billion. (Shutterstock)
September 23rd, 2018 - 07:39 GMT

Indian Expats Remittances From UAE Soar to Dh88 Billion

The strategy of many prime hotels in the country includes proactively promoting Qatar as a primary tourist destination and tapping newer markets. (Shutterstock)
September 23rd, 2018 - 07:32 GMT

World Cup 2022 Will Be a Defining Moment for Qatar's Hospitality Sector

Turkey and Germany on Friday pledged to forge closer economic and strategic ties following a high-level meeting of their finance. (Shutterstock)
September 23rd, 2018 - 07:06 GMT

Turkey, Germany Eager to Maintain Their Bilateral Trade Volume of $43.6 Billion

Participants gather in the lobby ahead of an informal meeting between members of the Organization of Petroleum Exporting Countries, OPEC, in the Algerian capital Algiers. (AFP)
September 23rd, 2018 - 07:01 GMT

OPEC Summit to Answer the 1.4 Million Barrels Question Ahead of US Sanctions on Iran

Oil prices rose this week on continuing market tightness. With the price rise, some Saudi-bashing has begun. (Shutterstock)
September 23rd, 2018 - 06:54 GMT

Saudi Arabia Rejects Claims of Its Comfort With Rising Oil Prices

The ministry started nationalizing four out of 12 activities in retail and wholesale sectors. (Shutterstock)
September 23rd, 2018 - 06:47 GMT

Over 1.2 Million Expats to Be Affected by Saudization of Shops

The UAE is ranked high in HDI mainly due to two key social parameters. (Shutterstock)
September 23rd, 2018 - 06:39 GMT

UAE Tops GCC Nations on Human Development

Four conditions for retailers to register in the digital system of the Tax Refund Scheme for Tourists. (Shutterstock)
September 23rd, 2018 - 06:26 GMT

4 Conditions UAE Retailers Must Meet to Register in VAT Refund Scheme for Tourists

Both airlines, which grew rapidly earlier this decade, have faced pressures in the past two years because of tough competition in the industry. (Shutterstock)
September 23rd, 2018 - 06:11 GMT

Is Emirates Takeover of Etihad Airways 'Fake News'?

During the event
September 23rd, 2018 - 05:20 GMT

Falconcity of Wonders’ Eastern Residences Villas Generate Strong Response From Potential Buyers & Investors on First 2 Days of Sales Launch

Samsung has developed a reputation for creating TVs with a slim, sleek design that’s pleasing to the eye and nonintrusive in the family room.
September 23rd, 2018 - 05:15 GMT

Beyond the Viewing Experience: How Samsung’s QLED TV Incorporates Style With Function

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