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BUSINESS

BUSINESS latest

Morfius X-Rotor
July 26th, 2026 - 12:21 GMT
P. Choiaqo

P. Choiaqo

New ‘drone killer’ unveiled capable of eliminating 50 drones at once

ALBAWABA - Wars have never failed to drive technological progress forward, the latest U.S.-Iran war has led the engineers at Lockheed Martin to develop a new anti-drone weapon called the ‘Morfius X-Rotor’ unveiled at London’s 2026 Farnborough Airshow. Though a prototype has been revealed, the Morfius is still undergoing production before a final version can be sold to the U.S. military - which has been eyeing the anti-drone weapon. Morfius ...
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Al Bawaba
October 12th, 2014 - 03:55 GMT

The IS' new money-making scheme: auctioning off stolen houses

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger, it added.
October 10th, 2014 - 12:15 GMT

World Cup bonanza: Qatar infrastructure market to hit $30 billion for very first time

The intensification of the civil war in Syria and the continued influx of refugees have adversely affected Lebanon’s economy.
October 9th, 2014 - 11:59 GMT

How will MENA economies look in 2015?

The level of interest mirrors widespread investor confidence in the markets of the UAE, with Dubai's index more than tripling in value since the start of 2013.
October 9th, 2014 - 11:49 GMT

Too much of a good thing? Why IPO's can result in an overly stoked UAE stock market

It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s.
October 9th, 2014 - 11:39 GMT

Time to appreciate the appreciating US dollar? World food prices dip to 4 year-low

The Europe-Iran Forum is being held at a politically sensitive moment as world powers try to reach a deal with Iran on its nuclear program before a Nov. 24 deadline.
October 9th, 2014 - 11:34 GMT

Sanctions face-off: Iran to unveil its corporate side in London next week

The city, located 3 km to the west of the Prophet’s Mosque in Madinah, will cover an area of over 1.6 million sq m and accommodate 200,000 people.
October 9th, 2014 - 02:02 GMT

Redefining religious experiences: King Abdullah approves $13bn pilgrim megacity in Madinah

Al Bawaba
October 9th, 2014 - 01:41 GMT

A done deal: France to go ahead with Riyadh-sponsored $3 billion arms 'gift' to Lebanon

Israel plans to fully or partly privatise a number of state-owned companies in a move aimed at boosting efficiency, reducing the national debt and fighting corruption.
October 9th, 2014 - 01:31 GMT

Going cold turkey: a look into Israel's impending $4 billion privatization drive

Al Bawaba
October 9th, 2014 - 10:49 GMT

Etihad Airways renews sport Australia Hall of Fame sponsorship

Al Bawaba
October 9th, 2014 - 10:38 GMT

Dubai Chamber sustainability network members conduct best practices session on road safety in commercial driving

Al Bawaba
October 9th, 2014 - 10:12 GMT

MoF and NBAD launch a range of e-Dirham smart applications during GITEX 2014

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