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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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Inflation in Saudi Arabia is expected to pick up dramatically in 2018, with the implementation of VAT and new fuel prices. (Hassan Ammar/ AFP)
December 26th, 2017 - 12:22 GMT

VAT Is Coming: Saudis Brace For Rising Inflation In 2018

Beirut is filled with sparkly Christmas decorations, but to the dismay of many Lebanese merchants the streets are largely empty of holiday shoppers. (alexander_photography97/ Instagram)
December 26th, 2017 - 12:01 GMT

'People Aren’t Coming to Lebanon': Retailers Blame Political Situation for Drop in Sales

Oman has announced it will postpone the implementation of the value-added tax (VAT) until 2019. Kuwait could follow suit, experts say. (File photo)
December 26th, 2017 - 11:22 GMT

Oman to Postpone VAT Until 2019, Kuwait Could Follow

The Middle East's initial public offering (IPO) values were up 55 percent year-on-year, from $676 million to $2.1 billion in 2017, according to a report by global law firm Baker McKenzie. (AFP/ File)
December 24th, 2017 - 01:16 GMT

Middle East's IPOs up 55 Percent in 2017: Report

Dh17,500 will be the minimum salary of an Emirati employee with Sharjah government starting next year. (Pictured here: Sheikh Sultan Al Qasimi, Ruler of Sharjah/ WAM)
December 21st, 2017 - 02:27 GMT

Sharjah Ruler to Increase Salaries of Government Staff in 2018

The King Salman Humanitarian Aid and Relief Center (KSRelief) has already spent $8.2 billion on aid for Yemen since its opening in 2015, according to a report. (AFP/ File)
December 21st, 2017 - 09:58 GMT

Saudi Arabia to Set up $10 Billion Fund for Reconstruction in Yemen

Wawrinka and Raonic confirmed that they are not yet ready to compete following their respective time away from the game.
December 21st, 2017 - 08:32 GMT

Kevin Anderson and Andrey Rublev Replace Wawrinka and Raonic at Mubadala World Tennis Championship

A Tunisian woman holds a placard reading in French "Tunisia will remain standing" as she takes part in a protest on March 18, 2015 after an attack on the Bardo National Museum in Tunis. (Sofiene Hamdaoui/ AFP)
December 20th, 2017 - 03:21 GMT

Opinion: Will Tunisia's Economy Ever Be Good Again?

The number of expat workers in Saudi Arabia has gone down by about 62,000 by the end of the second quarter of this year since the application of the dependent fee. (AFP/ File)
December 20th, 2017 - 12:59 GMT

62,000 Expats Leave as Saudi Arabia Enforces Dependent Fee

Mariam Al Afridi was the only Arab to appear on the list, which is published annually and honors members of the marketing community who have delivered extraordinary work.
December 20th, 2017 - 10:59 GMT

Emirati Mariam Al Afridi Wins ‘Most Influential Global Marketing Leader’ Award

King Salman on Tuesday announced Saudi Arabia’s largest-ever budget for 2018. (AFP/ File)
December 19th, 2017 - 04:11 GMT

Saudi Arabia Announces $260 Billion Budget for 2018, Its Largest Ever

The tax will have minimal economic impact on people and investments, says UAE Minister. (Shutterstock)
December 19th, 2017 - 02:44 GMT

No Increase in Salaries to Cope With VAT: UAE

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