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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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A total of 165,824 students from 172 schools and 30 universities have participated in the award since its launch up to the end of 2017.
April 26th, 2018 - 10:52 GMT

Dubai Customs Celebrates the World Intellectual Property Day 2018

With so much focus on bitcoin lately, we've added a new weekly update that tracks the three largest cryptocurrencies by market share. (Shutterstock)
April 26th, 2018 - 09:50 GMT

Top 3 Cryptocurrencies by Market Share in 2018

In February, the amount of net foreign direct investment (FDI) rose by nearly 12 percent year-on-year. (Shutterstock)
April 26th, 2018 - 07:51 GMT

Turkey Earns Over $500 Million net Investment in February

Rents in certain communities in Dubai can cost a year's salary, but other locations offer some bargains. (Shutterstock)
April 26th, 2018 - 07:35 GMT

Top 10 Cheapest Places to Rent in Dubai

Saudi Arabia's aim is to increase the private sector contribution to gross domestic product from 40 percent to 65 percent by 2030. (Shutterstock)
April 26th, 2018 - 07:20 GMT

Saudi Makes Ports, Schools and Hospitals Priorities in Privatization Plan

The workshop, entitled “Roadmap to Sustainability Reporting”, was organised by the Network’s Sustainability Reporting Task Force.
April 26th, 2018 - 05:24 GMT

Dubai Chamber Workshop Examines Best Practices in Sustainability Reporting

Both major oil producers have moved closer together in the face of increasing U.S. sanctions pressure. (Shutterstock)
April 25th, 2018 - 09:17 GMT

Russia Eyes an Interim Trade Agreement With Iran

Inflation leapt to 3 percent year-on-year in the immediate aftermath of the introduction of a 5 percent VAT charge in January. (Shutterstock)
April 25th, 2018 - 07:08 GMT

Saudi Inflation Starts to Decline as VAT Impact Lessens

The matinee saw a number of other poets delivering poems dedicated to His Highness Sheikh Mohammed bin Zayed Al Nahyan,and to express love to the UAE.
April 24th, 2018 - 11:40 GMT

Poetry Matinee at Dubai Customs Entitled 'Thank You Mohammed Bin Zayed'

Bahrain was found to be the third best paying country among the five Gulf Cooperation Council states. (Shutterstock)
April 24th, 2018 - 11:00 GMT

Here Are the Top 20 Salaries in Bahrain 2018

Bank of America Merrill Lynch forecasts Saudi Arabia will continue to push forward with its reform process regardless of the rising price of oil. (Shutterstock)
April 24th, 2018 - 08:25 GMT

Saudi Arabia Economy in a 'Sweet Spot' Regardless of the Rising Price of Oil

While Filipinos are discouraged from working in Kuwait, thousands of opportunities await in other countries. (Pixabay)
April 24th, 2018 - 08:06 GMT

Thousands of jobs for Filipinos in UAE, Saudi Arabia, UK and Hong Kong

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