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 Elon Musk's trillion-dollar tesla deal sparks outrage and awe across the internet
November 9th, 2025 - 06:40 GMT
Osama Ali

Osama Ali

Elon Musk's trillion-dollar tesla deal sparks outrage and awe across the internet

ALBAWABA - Tesla shareholders' choice to give Elon Musk a trillion-dollar compensation package has sparked a lot of heated discussion on social media. Critics and supporters are arguing over whether such a huge payout is fair or even right. At Tesla's annual meeting in Austin, Texas, almost three-quarters of shareholders voted to give Musk the record-breaking deal. The CEO, who is already the richest person in the world with an ...
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US sanctions against Iran have denied its government more than $10 billion in oil revenue.
April 30th, 2019 - 07:18 GMT

IMF Projects Inflation to Reach 40 Percent in Iran Amid Tighter US Sanctions

Algeria has to do its best to avoid economic instability.
April 30th, 2019 - 06:48 GMT

IMF Urges Algeria to Cut Deficit, Reduce Reliance on Oil

Bahrain business delegation signs 12 pacts with French companies.
April 30th, 2019 - 06:29 GMT

Bahrain Signs $2 Billion Worth of Agreements With French Companies

Iran is set for a steep recession this year under the threat of “zero exports” of crude in accordance with US policies over Tehran’s nuclear program.
April 30th, 2019 - 05:28 GMT

Oil: A Blessing for Saudi Arabia, a Curse for Iran

Retail trade and construction confidence indices dropped to 90.6 points and 53.9 points.
April 29th, 2019 - 11:31 GMT

Economic Confidence Rises 3.4 Percent in Turkey

The new routes will operate with two weekly flights between Amman and Malta, Memmingen and Thessaloniki, and two weekly flights between Aqaba and Milan Bergamo.
April 29th, 2019 - 11:20 GMT

Ryanair Adds 4 Routes To, From Jordan

The Strait of Hormuz, a strait between the Persian Gulf and the Gulf of Oman, is a major channel for international oil shipments.
April 29th, 2019 - 11:01 GMT

Why Closing Strait of Hormuz Would Be 'Catastrophic'

The number of domestic tourists exceeded 47 million in 2018.
April 29th, 2019 - 10:42 GMT

Tourism Sector to Contribute $70 Billion to Saudi Arabia GDP in 2019

From May 1, the price of Super 98 will be at Dh2.48 a litre.
April 29th, 2019 - 10:34 GMT

Petrol Prices to Increase in UAE Starting May 1

Oman Air places its ‘WY’ code on Gulf Air flights from Bahrain to Tbilisi in Georgia, Baku in Azerbaijan, Gassim in Saudi Arabia and Beirut in Lebanon.
April 29th, 2019 - 10:14 GMT

2 GCC Airlines Expand Codeshare Agreement to Include More Destinations

The agreement was signed by Mohammed Saif Al Suwaidi, director general of the Abu Dhabi Fund for Development, and by the Sudanese side, Amna Mirghani Hassan Altum, director general of the financial markets of the Central Bank of Sudan.
April 29th, 2019 - 09:48 GMT

UAE to Support Sudan's Financial Stability by Depositing $250 Million

As the social-media company continues to deliver consistent growth the stock continues to be one of the most traded stocks among investors.
April 29th, 2019 - 08:03 GMT

Facebook Stocks Are the Most Traded Stocks in Q1 2019

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