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King Charles
October 14th, 2025 - 07:12 GMT
Sally Shakkour

Sally Shakkour

King Charles' wealth surpasses his late mother Queen Elizabeth

ALBAWABA - King Charles III's wealth has seen a significant jump in 2025, according to the latest The Sunday Times Rich List. The British King's wealth increased by around $40 million to £640 million ($854 million) in just one year. According to the media, King Charles' wealth has surpassed that of his late mother, Queen Elizabeth II, which was estimated in 2022 at approximately $493 million. An old image of ...
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A 60 per cent plunge in sales was recorded this year, as shoppers forego clothes to meet school fees and other living expenses. (Jordan Times/Muath Freij)
September 15th, 2016 - 06:06 GMT

Eid clothing sales in Jordan drop to lowest level in ten years

A recent government report revealed that the severe liquidity problem is due to the increased bank withdrawals and money stored outside the bank system. (File photo)
September 15th, 2016 - 05:43 GMT

Yemen's liquidity crisis leaves 1.25 million employees unpaid

Istithmar World purchased the QE2 in 2008 and but plans to convert her to a luxury hotel were scrapped due to the financial crisis. (Wikipedia)
September 14th, 2016 - 07:22 GMT

Dubai World's Istithmar initiates massive job cuts in cost rationalization move

Demand surges for internet or network services that help pilgrims maintain contact with their relatives during their stay abroad. (AFP/Ahmad Gharabli)
September 11th, 2016 - 12:00 GMT

Hajj pilgrims' expenditure to reach $6.9B this season

Construction cranes behind Mecca's Grand Mosque, 2008. (AFP/Khaled Desouki)
September 11th, 2016 - 10:00 GMT

Mecca expansion projects to proceed despite troubled construction sector: Mayor

The mall is located in 6th of October City and will feature more than 350 lifestyle, entertainment, and convenience-oriented outlets, and 50 food and beverage outlets. (Majid Al Futtaim)
September 11th, 2016 - 09:00 GMT

Majid Al Futtaim's $673M Mall of Egypt slated for March opening

Some institutions in Lebanon are paying half a salary to their staff while others resort to arbitrary layoffs with no compensation. (Shutterstock)
September 11th, 2016 - 08:00 GMT

Lebanon: 2000 layoffs in the wake of economic and political crises

The project is strategically located in Mawaleh in Muscat. (File photo)
September 11th, 2016 - 07:00 GMT

Kuwait's Al Mazaya to invest in Oman residential housing project

Vice-President and Prime Minister of the UAE and Ruler of Dubai Shaikh Mohammad Bin Rashid Al Maktoum welcomed a special group of 16,000 Chinese tourists to Dubai in April 2014. (WAM)
September 11th, 2016 - 06:00 GMT

UAE visa on arrival for Chinese hopes to boost trade and tourism

The forum discussed the use modern technology to reduce the cost of Islamic finance operations. (Pixabay)
September 11th, 2016 - 05:28 GMT

Global Islamic finance system to expand to $6.5T by 2020: IFSB

The money will be used to “create job opportunities and improve citizens’ living standards,” according to Minister of International Cooperation Sahar Nasr. (File photo)
September 11th, 2016 - 04:13 GMT

Egypt receives first payment of $3B World Bank loan

BeIN holds exclusive rights over the broadcasting of many football tournaments in Egypt, putting it in a dominant position that enables it to dictate its terms on subscribers. (BeIN)
September 8th, 2016 - 01:00 GMT

Egypt's competition watchdog warns BeIN Sports against monopolistic practices

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