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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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A worker looks at the 9HA Gas Turbine, at the General Electric (GE) plant in Belfort, France, on May 28, 2015. (AFP/ Frederick Florin)
May 23rd, 2017 - 06:00 GMT

General Electric Eyes Further Expansion in Qatar

All private sector establishments in Saudi Arabia with an annual revenue of over SR375,000 ($100,000) will be paying monthly VAT starting January 2018. (Shutterstock)
May 23rd, 2017 - 05:00 GMT

Saudi Arabia: Companies With Revenues More Than $100,000 Must Pay VAT in 2018

The emirate of Abu Dhabi seeks to rationalize 50 percent of the water used in mosques by replacing normal taps with other more efficient ones. (Shutterstock)
May 23rd, 2017 - 02:00 GMT

Ramadan Resolutions: Abu Dhabi to Reduce Water Consumption in Mosques by 50 Percent

Turkish President Recep Tayyip Erdogan (L) "hesitantly" shakes hands with his Russian counterpart Vladimir Putin after a joint press conference following their meeting at the Bocharov Ruchei state residence in Sochi on May 3, 2017. (AFP/ Alexander Nemenov)
May 23rd, 2017 - 12:19 GMT

Two Years Later: Turkey, Russia Agree to Remove Trade Barriers

Previous edition of the Silicon Oasis TechForum
May 22nd, 2017 - 11:35 GMT

26th Silicon Oasis TechForum to highlight role of blockchain in smart city transformation

Market visits are aimed to strengthen communication and partnership with the merchants in enhancing consumer confidence.
May 22nd, 2017 - 11:09 GMT

Dubai Economy urge fish and meat sellers not to increase prices during Ramadan

The list of goods includes flour, sugar, rice, pasta, oil, milk and many other commodities. (File photo)
May 22nd, 2017 - 08:00 GMT

Qatar Announces New Prices for 418 Consumer Goods in Ramadan: Full List

Foreign laborers working in road construction in Oman. (AFP)
May 22nd, 2017 - 06:00 GMT

Oman to Ease Work Permits for Expats

Jordan is joining reconstruction efforts in war-ravaged countries in the region, a World Bank official said. (AFP/ File)
May 21st, 2017 - 06:00 GMT

Jordan to Join Reconstruction Efforts of War-Torn Countries: World Bank

Gym owners and users in Jordan will now be obliged to pay an additional tax of 16 percent, set by the government recently. (Pixabay)
May 21st, 2017 - 01:00 GMT

Jordan Announces New Tax on Gyms, Fitness Centers

Walid Abdul Malik, Director of Commercial Registration in BRL
May 21st, 2017 - 10:33 GMT

Dubai retail sector sees hectic promotional activity in Q1 2017

The visitors were briefed on the methodology followed by Dubai Customs in developing projects.
May 21st, 2017 - 10:21 GMT

Dubai Customs showcases latest projects to DM delegation

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