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Main headlines latest

Zohran Mamdani
August 9th, 2026 - 08:42 GMT
P. Choiaqo

P. Choiaqo

Mamdani levies tax on luxury second homes, billionaires sue

ALBAWABA - Mamdani passes law taxing luxury second homes leading three New York billionaires to sue for failing to follow state notice requirements and setting off a “panic” in late July. The suit itself is not targeted toward the tax but toward Mamdani’s handling of the announcement of the tax with those suing citing the mayor’s office caused chaos after wrongly suggesting thousands of people might owe taxes on homes ...
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The facility will be the world's largest chemical complex ever built in a single phase
June 17th, 2013 - 10:44 GMT

Saudi Aramco-Dow JV raises funding for $19 billion project

The loan was partly provided by the IFC and partly by DEG
June 17th, 2013 - 10:41 GMT

Metito gets funding to expand in Egypt, Asia

Promoters will divest 40 per cent of their holding in the company
June 17th, 2013 - 10:39 GMT

Omani Al Madina Insurance plans IPO in process to become Takaful operator

Central Bank of Qatar
June 17th, 2013 - 10:36 GMT

Qatar tightens cap on banks' securities investments

Tunis is also in talks with Qatar about the Gulf deositing at the Tunisian central bank
June 17th, 2013 - 05:13 GMT

Tunisia gets $1.2 bn funding from Islamic Development Bank

The statement gave no timeframe for the capital increase or the regulatory approval process.
June 17th, 2013 - 05:00 GMT

Egyptian property developer plans $85.8 mln rights issue

Moody's Investors Service has upgraded Jebel Ali Free Zone FZE's (JAFZ) Corporate Family Rating (CFR)
June 17th, 2013 - 05:00 GMT

Moodys upgrades JAFZ's ratings to Ba3; on review for further upgrade

no changes to the plan or the amount of aid the country is seeking
June 17th, 2013 - 04:30 GMT

Egypt in late stages of verifying reform plan with IMF - central bank

Emirates Securities Market
June 16th, 2013 - 01:00 GMT

UAE, Qatar bourses rally after MSCI upgrade

The board of the subsidy fund said subsidies burned up 53.36 billion dirhams in 2012
June 16th, 2013 - 12:01 GMT

Morocco says aims to cut subsidies - if commodity prices allow

UDC is the developer of a man-made island in Doha
June 16th, 2013 - 11:46 GMT

Qatar developer UDC to raise $428 mn loan

The 489-seat Emirates A380 offers 14 Private First Class Suites, 76 lie-flat beds in Business Class and 399 spacious seats in Economy Class
June 16th, 2013 - 11:43 GMT

Emirates A380 to fly to Los Angeles

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