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Economy and Policy

Economy and Policy latest

DMCC’s Dubai Diamond Exchange Expands Board of Directors
June 24th, 2026 - 05:24 GMT

DMCC’s Dubai Diamond Exchange Expands Board of Directors

DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced the expansion of the Board of Directors of the Dubai Diamond Exchange (DDE), further strengthening the exchange's industry expertise and reinforcing its position at the centre of the global diamond trade. The expanded Board will continue to be chaired by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, and brings together senior leaders and advisors from across DMCC's precious stones ecosystem, spanning global diamond markets, industry governance, responsible sourcing and ...
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Saudi Arabia’s Q4 2018 GDP figures indicated that the economy expanded 3.6 per cent y-o-y (+2.5 per cent y-o-y in Q3), driven by the expansion in the oil sector. (Shutterstock)
April 3rd, 2019 - 08:20 GMT

Saudi Economy Expands at Fastest Pace in 3 Years Due to Oil Sector's Recovery

The WB partly and indirectly attributed the revival of growth to policies that reduced the GCC’s reliance on oil revenues in addition to UAE’s investments in infrastructure in preparation to host Expo 2020. (Asharq Alawsat)
April 3rd, 2019 - 08:15 GMT

World Bank Projections on Countries' Region's Economy

The Turkish currency lost nearly 30 percent against the dollar last year in a sell-off sparked by concerns over the independence of the central bank and exacerbated by worsening ties with Washington. (Shutterstock)
April 3rd, 2019 - 07:50 GMT

Turkish Lira Drops Amid US Halting of Fighter Parts Delivery

Experts call on state to control prices so that citizens can feel impact of new decisions. (Shutterstock)
April 3rd, 2019 - 07:37 GMT

Egyptians Are Skeptical About Wage Raises

The forecast indicates a slight drop from previous projections by the World Bank, as a previous report earlier this year expected the Kingdom’s growth for 2019 to reach 2.3 per cent, 2.4 per cent in 2020 and 2.7 in 2021. (Shutterstock)
April 3rd, 2019 - 07:19 GMT

World Bank: Jordan Economy to Grow by 2.2 Percent in 2019

Bitcoin surged to near $20,000 in late 2017, the peak of a bubble driven by retail investors that pushed cryptocurrencies onto the agenda of mainstream financial firms. (Shutterstock)
April 3rd, 2019 - 07:11 GMT

Bitcoin Surpasses $5000 for the First Time in Five Months

Trade growth in 2018 was weighed down by several factors, including new tariffs and retaliatory measures affecting widely-traded goods, weaker global economic growth, volatility in financial markets and tighter monetary conditions in developed countries, among others. (Shutterstock)
April 3rd, 2019 - 06:49 GMT

Global Trade Growth to Be Hindered Due to Trade Tensions, Economic Uncertainty

HE Majid Saif Al Ghurair during Diplomatic Circle Dinner.
April 2nd, 2019 - 12:37 GMT

Dubai Chamber Briefs Diplomats on Key Achievements and Strategic Plans

FTA Director General His Excellency Khalid Ali Al Bustani
April 2nd, 2019 - 11:47 GMT

Federal Tax Authority’s Website Begins Receiving Applications for Refunding VAT to Business Visitors

There are “other obstacles” that Jordanian produce exporters face when trying to export to Syria. (Shutterstock)
April 2nd, 2019 - 11:09 GMT

Jordan's Exports to Syria Plummet 70 Percent Despite Reopening of Border Crossing

The sum of exports and imports went down by 17.4 percent to reach $1.6 billion over the period. (Shutterstock)
April 2nd, 2019 - 06:42 GMT

Lebanon’s Trade Deficit Falls to $1.2 Billion

About 6 million Saudi women, representing 65 percent, may apply for driving licenses in the near future. (Shutterstock)
April 2nd, 2019 - 06:32 GMT

Women Driving in Saudi Arabia Resulted in Drop of Expat Drivers in Households by 7 Percent

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