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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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DP World's core business is container handling which generates more than three quarters of its revenues. (File photo)
July 26th, 2017 - 09:52 GMT

'No Serious Impact From Qatar Ban on Container Volumes,' Says DP World

The ADM has directly reached out to workers at Al Wathba and offered them caps, cold water and juices to alleviate the hot sunny conditions they are experiencing during their work.
July 26th, 2017 - 09:30 GMT

ADM Distributes Caps, Water and Juice to Workers at Al Wathba

The agency said the foreign assets of the Saudi banks reached their highest level in May since July 2016. (AFP/ File)
July 26th, 2017 - 06:00 GMT

Saudi Arabia's Foreign Assets Close to SR2 Trillion: SAMA

Turkey claims most foreign funds are linked to EU member countries. (File photo)
July 25th, 2017 - 10:20 GMT

Foreign Investment in Turkey up 11.2 Percent in First 5 Months of 2017

Saudi Arabia offered its first Riyal-denominated Sukuk to investors on Sunday this week. (File photo)
July 25th, 2017 - 09:38 GMT

Saudi Arabia Gets Bids of $13.6 Billion for $4.5 Billion Domestic Sukuk: SPA

Oman recorded a deficit of 21 percent of its GDP in 2016 as the oil price plunged to its lowest level in years. (File photo)
July 25th, 2017 - 09:25 GMT

Oman Slashes Subsidy Bill by 20 Percent, Eyes Further Cuts

The government policy announced earlier this year for import restrictions is bearing its fruits. (Facebook/ R. Boudraa)
July 25th, 2017 - 08:39 GMT

Algeria Announces 54 Percent Drop in Trade Deficit in H1 2017

By limiting jobs in grocery stores to Saudis, the country expects to generate more than 20,000 job opportunities for citizens. (AFP/ File)
July 25th, 2017 - 08:28 GMT

First Malls, Now Supermarkets: Saudi Arabia Bans Foreigners From Grocery Store Jobs

The recent decline in oil prices could weigh further on the outlook for the region's oil exporters. (File photo)
July 25th, 2017 - 08:12 GMT

Middle East Growth Dips in 2017 on Lower Oil Prices: IMF

Abdul Baset Al Janahi, CEO of Dubai SME
July 25th, 2017 - 10:22 GMT

MBRF-Beehive Partnership Enables Dubai-Based Trading Firm Secure Competitive Financing

Inspectors of Passenger Operations Department became suspicious about the man’s behavior and carefully monitored him till he arrived at the customs zone.
July 25th, 2017 - 10:06 GMT

Dubai Customs Foils Bid to Smuggle Jewellery and Luxury Watches in DXB Terminal 3

Hamad Buamim, president and CEO of Dubai Chamber
July 24th, 2017 - 09:28 GMT

Dubai Chamber Members’ Trade Hits $40bn in H1

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