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U.S President Donald Trump

August 17th, 2026 - 07:59 GMT

P. Choiaqo

$20 million scammer pardoned by Trump

ALBAWABA - John Long, pig farmer and Trump voter, was scammed out of $20 million by a Ponzi scheme created by Marian Morgan – after she was sentenced to 33 years in prison, Trump pardoned her. “We had justice and now it’s kind of like … ‘we’re going to let these criminals go out and do it again’,” John Long said, adding that Morgan is “criminally insane” and that “she’s ...

Although the additional levies are already being charged on air freight and shipments, these are yet to be introduced on imports made via road. (Shutterstock)

February 21st, 2017 - 09:30 GMT

Oman: Higher customs levies to raise cost of imported goods

Saudi Arabia was the world's second-largest arms importer in the period 2012 to 2016, with an increase of 212 percent compared with 2007-2011. (File photo)

February 21st, 2017 - 08:30 GMT

Arms imports rise by 245 percent to Qatar, 212 percent to Saudi Arabia: SIPRI

The new merger, if agreed, would create an entity with total assets amounting to around QAR173bn ($48bn) and a market share of around 14 percent. (File photo)

February 21st, 2017 - 07:30 GMT

Proposed merger of Qatari bank trio would create country's second largest lender

Jordan’s recent economic measures also increased fees for five-year passports for citizens from JD20 to JD50. (Pinterest)

February 21st, 2017 - 06:38 GMT

Jordan hikes temporary passport fees for Gazans eightfold

Rosneft is Russia's largest oil producer. For the fourth quarter, the company said its net production was up 11.8 percent year-on-year for a new record high. (Shutterstock)

February 21st, 2017 - 05:24 GMT

Russia's Rosneft begins new drilling operations in Iraq

Many candidates in the country’s November elections ran on an anti-austerity ticket after the previous parliament was dissolved due to disputes with the government over the fuel price increase. (Shutterstock)

February 20th, 2017 - 01:00 GMT

Kuwait's lawmakers move to overturn fuel and utility price increases

The Chamber is planning to strengthen its international presence in 2017 with the opening of representative offices in India and Brazil. (Shutterstock/Philip Lange)

February 20th, 2017 - 12:00 GMT

Dubai unveils five-year strategy to boost competitiveness in private sector

"The oil, gas and petrochemicals sectors will continue to be the backbone of economies across the Mena region," said Meed editorial director Richard Thompson. (Shutterstock)

February 20th, 2017 - 11:00 GMT

MENA continues heavy oil and gas spending despite low oil prices

Performers at the opening ceremony for Medina Capital of Islamic Tourism 2017. (SPA)

February 20th, 2017 - 10:00 GMT

Medina ushers in activities as part of nod as 'Capital of Islamic Tourism 2017'

Wider fiscal reforms such as subsidy reductions, fee increases, etc for 2017 announced so far have been substantially less than in early 2016. (Shutterstock)

February 20th, 2017 - 09:00 GMT

GCC fiscal reform proves a tricky balancing act with economic growth

Economic associations warn that any increase in taxes will lead to economic slowdown and to heavy recession due to the crises that hit the country in the past five years. (Shutterstock)

February 20th, 2017 - 08:00 GMT

Tax hikes will have negative effect on growth and investments: Lebanese economic associations

The project will be built over 700 sq km east of Cairo between Greater Cairo and the Red Sea and will be executed within five to seven years at a cost of $45 billion. (File photo)

February 20th, 2017 - 07:00 GMT

First stage development of Egypt's new Capital City gets underway