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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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Oil prices rose this week on continuing market tightness. With the price rise, some Saudi-bashing has begun. (Shutterstock)
September 23rd, 2018 - 06:54 GMT

Saudi Arabia Rejects Claims of Its Comfort With Rising Oil Prices

The ministry started nationalizing four out of 12 activities in retail and wholesale sectors. (Shutterstock)
September 23rd, 2018 - 06:47 GMT

Over 1.2 Million Expats to Be Affected by Saudization of Shops

The UAE is ranked high in HDI mainly due to two key social parameters. (Shutterstock)
September 23rd, 2018 - 06:39 GMT

UAE Tops GCC Nations on Human Development

Four conditions for retailers to register in the digital system of the Tax Refund Scheme for Tourists. (Shutterstock)
September 23rd, 2018 - 06:26 GMT

4 Conditions UAE Retailers Must Meet to Register in VAT Refund Scheme for Tourists

The Cabinet members’ tour to discuss the new income tax law around the country has not been received very well. (Shutterstock)
September 20th, 2018 - 07:45 GMT

Officials Kicked out of Jerash, Ajloun Ahead of Income Tax Law Discussions

This fiscal year's state budget targets the issuance of up to USD5bn bonds like those of Euro and US dollar-denominated bonds that have been put up for sale back in January and March. (Shutterstock)
September 20th, 2018 - 07:41 GMT

Egypt Considers Issuing $5 Billion Bonds in Asian Markets

A Qatar-based company is planning to manufacture and market electric cars of different sizes and capacities, using technologies from a Japanese partner. (Shutterstock)
September 20th, 2018 - 07:26 GMT

Qatar, Japan to Collaborate on Electric Cars Manufacturing

Qatar’s current account returned to a surplus of 3.8% of GDP in 2017 on the back of higher energy prices. (Shutterstock)
September 20th, 2018 - 06:56 GMT

Hydrocarbon Exports Sustain Qatar's Account Surplus to 9 Percent of GDP

The ministry is expecting to raise fish production to 1.4mn tonnes in 2023 from 280,000 tonnes in 2016. (Shutterstock)
September 20th, 2018 - 06:37 GMT

Oman's Fisheries Sector to Increase to RO1.3 Billion in 2023

The level of commitment to implementing the budget reached 100 per cent during the first quarter of 2018. (Shutterstock)
September 20th, 2018 - 05:59 GMT

UAE Government Spending on Target at $2.84 Billion

The emirate’s free zones foreign trade scored an increase of 20 per cent, Dh43 billion in the first half of 2018 to Dh257 billion. (Shutterstock)
September 20th, 2018 - 05:48 GMT

Dubai Revenue Diversification Healthy, With $175 Billion in Non-Oil Foreign Trade

The offence can also result in vehicle being confiscated. (Shutterstock)
September 20th, 2018 - 05:42 GMT

Driving With Expired License in UAE Will Cost You Dh500

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