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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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Leaders from the world’s top 20 economies are set to meet in Buenos Aires this week, with the current state of the global economy at the top of the agenda. (AFP)
March 19th, 2018 - 12:59 GMT

G20 Meeting, Bitcoin Woes: 5 Things to Know in Global Markets Today

As many as nine companies in the UAE are likely to raise funds through IPOs this year. (Ben Job/ Reuters)
March 19th, 2018 - 12:14 GMT

UAE Companies Could Raise $9 Billion From IPOs in 2018

Of the total 13.6 million tons of waste produced by 169 Saudi cities annually, 6 million tons are in Riyadh, Jeddah and Dammam. (AFP)
March 18th, 2018 - 01:23 GMT

Booming Business: 13.6 Million Tons of Waste Produced Annually by Saudi Arabia

Jordan has ranked the 90th happiest country in the world in the UN’s 2018 World Happiness Report, a 16-place drop from last year’s results. (Photo: Getty Images)
March 18th, 2018 - 12:26 GMT

'Life Is Tough': Jordan Drops 16 Places in UN's 2018 World Happiness Report

Lebanon's 2018 draft budget is expected to a get the nod of approval from Parliament in April. (AFP)
March 18th, 2018 - 12:11 GMT

Lebanon: Parliament Seeks to Approve 2018 Budget in April

The largest contribution to the overall price rise came from the food and beverage group which has risen by over 52.8 percent. (AFP/ File)
March 18th, 2018 - 11:47 GMT

Sudan's Inflation Jumps to 54.3 Percent in February

Kuwait’s National Assembly will not look at a government-sponsored draft law on imposing taxes as a priority, according to reports. (AFP/ File)
March 15th, 2018 - 11:39 GMT

‘Taxes Not a Priority’: Kuwait’s Parliament Pushes Back VAT Vote

How much success has Muhammad Bin Salman's UK visit achieved? (AFP/ File)
March 14th, 2018 - 08:55 GMT

Was the UK Visit a Success? Q&A About Saudi Crown Prince’s Tour

Saudi Arabia had designed and was working on 200km of rail track to link with the Gulf Railway, while Qatar, Bahrain and Kuwait were designing their portions. (Shutterstock)
March 13th, 2018 - 06:00 GMT

GCC States Committed to Gulf Railway Project, Despite Spat With Qatar

Total remittances from the country meanwhile rose 2.2 percent to 164.3 billion dirhams in 2017 from 160.8 billion dirhams the previous year. (AFP)
March 13th, 2018 - 04:00 GMT

India Top Recipient of Foreign Remittances From Expats Working in UAE

The country plans to "saudize" 28,000 government jobs by 2020. (Photo: Saudi Gazette)
March 13th, 2018 - 01:25 GMT

Saudi Arabia Wants to Create 28,000 Government Jobs for Saudis by 2020

The statement said that the FTA with Turkey has not yielded the expected fruits. (Shutterstock)
March 13th, 2018 - 12:02 GMT

Jordan Suspends Free Trade Agreement With Turkey

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