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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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President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically. (Shutterstock)
July 15th, 2018 - 09:56 GMT

Tax Income Increases 14 Percent in One Year in Iran

15 percent increase in car sales is expected based on reports issued by banks and marketing departments of automobile dealers in the country. (Shutterstock)
July 15th, 2018 - 09:36 GMT

Car Imports Soar in Saudi Arabia Due to Lifting Ban on Women Driving

The Sharjah court dropped the case as the two parties reached an agreement. (AFP)
July 15th, 2018 - 09:14 GMT

Bounced-Cheque Case Dropped Against Abraaj Founder

Ansari spoke about the updated mobility and travel law, establishment of National Committee for Combating Human Trafficking, new initiatives to ensure social security and the settlement of disputes while respecting legal procedures. (Shutterstock)
July 14th, 2018 - 08:44 GMT

Latest Updates on Qatar's Expat Labor Sector

The estimates are made in the light of a slowdown in the real estate sector and stable consumption. (Shutterstock)
July 13th, 2018 - 05:40 GMT

Lebanese Economy to Grow by Two Percent in 2018

In March 2018, the UK and Saudi Arabia agreed a goal of £65 billion ($90 billion) of mutual trade and investment in the coming years during a meeting between the UK’s Prime Minister Theresa May and Crown Prince Mohammed bin Salman. (AFP)
July 12th, 2018 - 11:26 GMT

Brexit a Boon for UK-Saudi Arabia Trade Ties

In order to facilitate such reconstruction, China needs access to a port on the eastern Mediterranean from which to ship materials. (Shutterstock)
July 12th, 2018 - 11:18 GMT

China Eyes Investments in North Lebanon

Russia's ability to host the world's most-watched tournament was, however, not in doubt. (Shutterstock)
July 12th, 2018 - 10:34 GMT

What Did Russia Gain From the World Cup?

According to NCSI, the overall population of the sultanate has come down by 86,308 in a little over two months (May 1 to July 10), while the expat population in the same period fell by 97,704. (Shutterstock)
July 12th, 2018 - 07:46 GMT

Over 97,000 Expats Bid Farewell to Their Lives in Oman in the Last Two Months

Arif Naqvi. (AFP)
July 11th, 2018 - 12:59 GMT

Abraaj Case Hearing Postponed to July 15

Saudi Foreign Minister Adel Al-Jubeir and Chinese Foreign Minister Wang Yi arrive for a news conference at the China-Arab States Cooperation Forum in Beijing on Tuesday. (AN)
July 11th, 2018 - 12:35 GMT

New Strategic Partnership Between China and Arab States

According to a press statement, the new tax refund system supports the growth of the tourism sector in the UAE and maintain its position as a global destination for tourists. (Shutterstock)
July 11th, 2018 - 11:36 GMT

UAE Announces New Rule on VAT for Tourists

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