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Economy and Policy

Economy and Policy latest

Ali Al-Zaidi
June 27th, 2026 - 10:35 GMT
P. Choiaqo

P. Choiaqo

Iraq’s new PM begins a long battle against entrenched corruption in Iraq by seizing $86 million

ALBAWABA -Ali Al-Zaidi, Iraq’s new and youngest PM ever, has begun a battle against corruption - making the first move by seizing $86 million in cash alongside properties, vehicles, and gold. Corruption is a long-standing issue in Iraq; especially in the public sector - something already widely known by the Iraqi populace. However, Iraq’s new and youngest PM seems to be giving Iraqis a breath of fresh air; opening investigations ...
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Students line up as they enter their classroom on the first day of the academic year for public schools in Dubai on September 27, 2009. (Karim Sahib/ AFP)
August 22nd, 2017 - 10:08 GMT

VAT Not Applicable to Schools, Nurseries: UAE's Tax Authority

Abu Dhabi City Municipality
August 22nd, 2017 - 06:27 GMT

ADM Launches 3-Day Inspection Campaigns on Men's Salons in Musaffah Industrial, Serves 35 Warnings

All contractors working on public sector projects will be exempt from expatriate workers’ tax. (File photo)
August 21st, 2017 - 09:22 GMT

Saudi Arabia Says Public Sector Contractors Exempt From Workers’ Tax

The event under the Community Agenda initiative aimed to discuss the activation of initiatives that strengthen community cohesion, enhance the UAE’s humanitarian work through the participation of all stakeholders of the society, and honour the UAE Martyrs for their noble sacrifice in promoting humanitarian action.
August 21st, 2017 - 05:25 GMT

CDA Marks “World Humanitarian Day” With Special Session to Strengthen Community Cohesion and Volunteerism

Saudi riyals. (File photo)
August 20th, 2017 - 05:00 GMT

How Does Money Exchange During Haj Benefit the Saudi Economy?

No instructions to stop dealing in Qatari Riyal, says Saudi Arabia. (Reuters)
August 20th, 2017 - 09:32 GMT

Saudi Arabia Denies Ban on Qatari Riyal Transactions as Haj Season Kicks Off

The Governor of GAZT, Suhail Abanmi. (SG)
August 20th, 2017 - 09:06 GMT

Saudi Arabia Launches VAT Website and Helpline

The training program included security awareness inside and outside Dubai Customs and violations at the workplace, plus a workshop on innovation and protection.
August 20th, 2017 - 05:43 GMT

Dubai Customs Concludes Its Summer Training Program

Diplomatic ties between the two countries were severed in the wake of Saddam Hussein’s 1990 invasion of Kuwait, but are now being revived. (Christophe Simon/ AFP)
August 15th, 2017 - 07:49 GMT

Saudi Arabia Launches Joint Trade Council With Iraq, Opens Border After 27 Years

Saudi Crown Prince Mohammad Bin Salman. (AFP/ File)
August 15th, 2017 - 07:22 GMT

Saudi Arabia Announces New Authority to Regulate Military Industries

Consumer spending is a major component in the UAE's GDP with a 45 percent share, compared to 39 percent on average for the GCC region. (File photo)
August 14th, 2017 - 01:11 GMT

Rents and Food Lead Consumer Spending in UAE: Report

The recovery in oil prices this year had been a key factor behind the reduced budget deficit. (File photo)
August 14th, 2017 - 09:50 GMT

Saudi Budget Deficit Down 51 Percent Following Oil Recovery, Spending Cuts

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