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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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More than a dozen foreign banks that have licences to operate branches in Saudi Arabia cancelled plans to be part of this year’s FII forum. (Shutterstock)
October 25th, 2018 - 04:49 GMT

Saudi to Maintain Soft Spot for Banks Despite Their FII Boycott

According to the circular, the applicant must be a Kuwaiti citizen. He must have a general driving license.
October 25th, 2018 - 04:44 GMT

"100 Percent Kuwaiti" Push Continues as Airport Taxis License Chime In

The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative in Riyadh on Tuesday. (AFP)
October 25th, 2018 - 04:40 GMT

Saudi Arabia Extends a $6 Billion Aid Pledge to Pakistan

Global index provider MSCI classified the Saudi equity market as an emerging market in June, a move expected to attract billions of dollars of passive funds. (Shutterstock)
October 25th, 2018 - 04:35 GMT

Saudi Cabinet Amends Laws to Lure Foreign Investments in These Sectors

Saudi Arabia is the U.S.’s main weapon buyer. According to Stockholm International Peace Research Institute (SIPRI), the data shows Riyadh made up 18 percent of total U.S. arms sales during 2013-2017 period. (Shutterstock)
October 25th, 2018 - 04:31 GMT

EU Countries Under Pressure to Cease Arms Deals With Saudi Following Khashoggi Death

Highlighting that unsafe food threatened especially young children, the report added: "Although children under 5 make up only 9 percent of the world’s population, they account for almost 40 percent of foodborne disease and 30 percent of related deaths." (Shutterstock)
October 25th, 2018 - 04:24 GMT

Contaminated Food Comes With a $110 Billion Tab Annually

Cavusoglu said President Recep Tayyip Erdogan had previously mentioned that Turkey is taking natural gas from Russia and Iran and if it does not have more options, the country would have to continue taking gas from those two countries. (Shutterstock)
October 25th, 2018 - 04:19 GMT

Turkey Demands Waiver From US Sanctions on Iran

According to the statement, the MOUs support Saudi Aramco's forward-looking strategy across business units, including downstream, offshore, and engineering. (Saudi Aramco)
October 25th, 2018 - 04:14 GMT

Energy MoU's Take the Lion's Share at Saudi's FII With Saudi Aramco Hitting $34 Billion

Chinese Ambassador to Jordan Pan Weifang praised the “distinguished” Chinese-Jordanian relations at all levels, especially in the economic field, calling for investing these ties to achieve benefits for both sides. (Shutterstock)
October 24th, 2018 - 06:16 GMT

Jordan Eager to Increase China Trade, Currently at $1.637 Billion

An increase in US interest rates usually requires an increase in local interest rates or else the exchange rate becomes unstable. (Shutterstock)
October 24th, 2018 - 06:05 GMT

Saudi to Lock in US-Riyal Exchange Rate

The resumption of the rewards will be at the beginning of 2019 and will apply to all government employees, the minister told Al Arabiya News Channel. (AFP/File Photo)
October 24th, 2018 - 05:48 GMT

Saudi Reinstates Bonuses for Public Sector

Israel believes the Palestinian Authority (PA) would respond to such an agreement by further cutting funding to Gaza and stopping the payment to Hamas workers in Gaza. (Shutterstock)
October 24th, 2018 - 05:44 GMT

Report: Qatar to Pick up Gaza's Fuel Bill Under Ceasefire Pact

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