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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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Abdullah Bin Ahmed Al Saleh, Ministry’s Undersecretary for Foreign Trade Affairs
January 29th, 2018 - 10:54 GMT

UAE Ministry of Economy Organizes a High-Level Delegation to Visit Malaysia and Singapore

Oman's Ministry of Manpower on Sunday issued a decision for banning issuance of new visas for workers in 87 professions. (AFP)
January 29th, 2018 - 10:39 GMT

Oman Bans Expats From Working in 87 Professions: Full List

Ahmad Sharaf, DME Chairman
January 29th, 2018 - 10:32 GMT

Dubai Mercantile Exchange Hosts Its Latest Auction on Behalf of Iraq’s National Oil Company

Saad Hariri called on all ministries and public institutions to cut their 2018 budgets by 20 percent. Is it enough to reduce the country's deficit? Economists weigh in. (AFP)
January 29th, 2018 - 08:50 GMT

Lebanon: Hariri's 20 Percent Budget Cut, Enough to Reduce Deficit?

Sponsors in Saudi Arabia are now required by law to issue pre-paid ATM cards for housemaids and domestic drivers. (Shutterstock)
January 28th, 2018 - 11:42 GMT

Domestic Workers’ Bank Cards a ‘Welcome Move’: Saudi Arabia

Qatar achieves a trade surplus in December 2017. (File photo)
January 28th, 2018 - 11:27 GMT

Despite Blockade: Qatar’s Trade Surplus Jumps 40 Percent in December

According to the Ministry of Energy, 98 Unleaded Gasoline price has been raised to Dh2.36, 95 Unleaded Gasoline to Dh2.25 and 91 Unleaded Gasoline to Dh2.17. (KT)
January 28th, 2018 - 10:26 GMT

After January Hike, UAE Raises Fuel Prices for February

Prince Alwaleed was freed on Saturday after reaching a settlement with the Saudi authorities. (Bertrand Guay/ AFP)
January 28th, 2018 - 10:16 GMT

Pay and Leave: Saudi Arabia to Bag $100 Billion in Settlements With Princes

Philippine's President Rodrigo Duterte asked the 600,000 Filipinos working in Kuwait to pack and leave. Here's why. (AFP)
January 25th, 2018 - 01:07 GMT

President Duterte Asks 600,000 Filipinos in Kuwait to 'Pack and Leave'

The new law, which consists of 47 articles, aims at regulating commercial mortgage contracts. (Shutterstock)
January 25th, 2018 - 12:23 GMT

Saudi Arabia Approves New Commercial Mortgage Law

ECHA announcement states that the deadline for the registration of exporters of materials and products that have chemical components to the EU in accordance with REACH is on May 31, 2018.
January 25th, 2018 - 11:40 GMT

UAE Ministry of Economy Issues Statement on the Announcement of the ECHA

The UAE has signed a deal with the World Economic Forum (WEF) to establish a Center for Fourth Industrial Revolution. More details here. (Shutterstock)
January 25th, 2018 - 10:08 GMT

Fourth Industrial Revolution Center Coming Soon to UAE!

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