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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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Eight people have been killed and hundreds wounded in demonstrations which entered their 10th day on Tuesday. (AFP)
July 18th, 2018 - 11:02 GMT

Iraq Online Shutdown to Result in Losses Worth $40 Million a Day

According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18th, 2018 - 10:52 GMT

Cost of Living in UAE Continues to Drop Due to Rents Fall

According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18th, 2018 - 10:52 GMT

Cost of Living in UAE Continues to Drop Due to Rents Fall

Apart from economists, investors and businessmen, international ratings agencies have expressed deep concern over the delay, reminding the authorities that the growing public debt has reached alarming levels. (Shutterstock)
July 18th, 2018 - 10:45 GMT

Delays in Cabinet Formation Will Hurt Lebanese Economy

IMF maintained Saudi Arabia’s growth projections for 2019 at 1.9 per cent on predictions that oil prices would moderate. (File/Photo)
July 17th, 2018 - 12:27 GMT

IMF Changes Its Growth Forecast for Saudi Arabia

Statistics on Abu Dhabi’s non-oil trade also show that China is among the top five countries with key trade relations with the emirate. (Shutterstock)
July 17th, 2018 - 10:48 GMT

Abu Dhabi-China Non-Oil Trade Exceeds $3 Billion

200 protesters gathered at the main entrance of Siba natural gas field on Monday, police and energy sources said, following a week of unrest over poor services. (AFP)
July 17th, 2018 - 10:41 GMT

Protests Against Iraqi Government Continue over Unemployment, Poor Services

The present job market situation does not cope well with the Saudization strategy, the Vision 2030 and the hopes and aspirations of the Saudi people. (Shutterstock)
July 17th, 2018 - 10:22 GMT

Did the Saudization Strategy Fail to Solve the Unemployment Dilemma?

European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business as the United States re-imposes sanctions on insurance and reinsurance from 4 November 2018. (Shutterstock)
July 17th, 2018 - 10:07 GMT

Lloyd’s of London Fears the Consequences of US Sanctions on Iran

Many residents travel to other GCC countries driving their vehicles, without paying attention to the luggage regulations. (Shutterstock)
July 16th, 2018 - 01:05 GMT

This Traffic Violation in UAE Will Result in Dhs2,000 Fine, 6 Black Points

The Cabinet approved a new legislative package, including a review of the current residency system to allow a two-year extension of the residency period for the dependents of their parents after finishing their university studies. (Shutterstock)
July 16th, 2018 - 12:58 GMT

Your Guide to the New Visa Rules in UAE

South Africa President Cyril Ramaphosa is on a mission to raise $100 billion in foreign direct investment in an attempt to revive the national economy. (Shutterstock)
July 16th, 2018 - 11:07 GMT

$20 Billion Worth of Investments in South Africa by Saudi Arabia and UAE

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