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Economy and Policy

Economy and Policy latest

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt
June 26th, 2026 - 04:15 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz. Saudi Aramco resumed crude shipments on Friday at Ras Tanura, one of the world’s largest oil export hubs on the Gulf coast ...
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Cryptocurrencies are too unstable to ever serve as bona fide mediums of exchange in the global economy. (Shutterstock)
June 18th, 2018 - 09:46 GMT

Bitcoin Could Break the Internet, Central Bank Overseer Says

Individuals who have purchased a property for a minimum value of Dh1 million are entitled to apply for residence visa in the UAE. (Pixabay)
June 18th, 2018 - 08:05 GMT

UAE Residents Can Get Visa Against Property They Own

FTA Director General His Excellency Khalid Ali Al Bustani
June 18th, 2018 - 07:58 GMT

Federal Tax Authority: Website Now Allows Taxable Persons to Connect Directly With Accredited Tax Agents

The UAE will deposit $1 billion in Ethiopia’s central bank to ease a severe foreign currency shortage, government spokesman Ahmed Shide told Reuters at a palace in Addis Ababa after Abiy met with Abu Dhabi’s crown prince, Sheikh Mohamed Bin Zayed. (Shutterstock)
June 18th, 2018 - 07:46 GMT

UAE to Give Ethiopia $3 Billion in Aid and Investments

Current bank guarantees worth Dh14 billion will be released back into the local economy. (Shutterstock)
June 18th, 2018 - 07:24 GMT

Reforms Will Ease Cost of Doing Business in UAE

Saudi Arabia has paid $4.2 billion to its citizens as part of the government’s Citizen Account Programme to support nationals against rising prices and newly-imposed taxes. (Shutterstock)
June 17th, 2018 - 09:28 GMT

Saudi Arabia to Aid Unemployed Citizens With a $4.2 Billion Free Pass

Local sectors needs to contend with changes in consumer behaviour, especially in e-commerce. (Shutterstock)
June 17th, 2018 - 09:22 GMT

How UAE's Insurance Industry Is Changing

The price hike is expected to add more pressure on Egyptian consumers. (AFP)
June 17th, 2018 - 09:08 GMT

Egypt Raises Petrol Prices by up to 50 Percent

Qatar also announced a $500 million investment package targeting Jordan's infrastructure and tourism projects. (QT)
June 14th, 2018 - 07:08 GMT

Qatar Pledges 10,000 Jobs, $500 Million Aid for Jordan

Residential properties in Riyadh. The Saudi government aims to boost home ownership among citizens from 50 percent to 60 percent. (Shutterstock)
June 14th, 2018 - 06:45 GMT

Fixed-Rate Mortgages to Boost Saudi Arabia’s Home Ownership

The UAE's new measures should offer relief for businesses across all sectors. (Shutterstock)
June 14th, 2018 - 06:36 GMT

UAE's Reform Measures to Offer Relief for Businesses Across All Sectors

Insurance system to replace bank guarantee for employment, 48 hours free visa for transit travellers. (Shutterstock)
June 14th, 2018 - 06:18 GMT

Sheikh Mohammed Announces New Job, Visa Rules in UAE

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