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Economy and Policy

Economy and Policy latest

A Vision That Builds Safety — Dubai Customs Cements Its Global Leadership in Combating Drugs
June 28th, 2026 - 04:46 GMT

A Vision That Builds Safety — Dubai Customs Cements Its Global Leadership in Combating Drugs

As the world marks June 26 — the International Day Against Drug Abuse and Illicit Trafficking — Dubai stands out not merely as a participant in the global conversation, but as a model for how it should be won. Drugs are no longer just a security threat. They are an economic burden, a public health crisis, and a social epidemic that crosses borders, targets youth, tears families apart, and feeds organized crime networks. Dubai Customs has made confronting this threat a strategic priority — not as a reactive measure, but ...
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Headquarters of the IDB in Jeddah, Saudi Arabia.  (File photo)
March 5th, 2017 - 09:00 GMT

Islamic Development Bank charts three-year plan for Arab-African trade

Ahmed Mahboob Musabih meeting Saudi delegation
March 5th, 2017 - 06:42 GMT

Dubai Customs and Saudi counterpart discuss cooperation and future perspectives

Insurance penetration (the ratio of insurance premiums to GDP) is below 2 per cent in all but two of the six GCC countries. (Shutterstock)
March 2nd, 2017 - 12:00 GMT

Low oil prices a headwind for GCC insurance market: Moody's

Lebanese exports have declined due to high production costs in the country.  (Shutterstock/ Robert Kneschke)
March 2nd, 2017 - 10:00 GMT

Lebanon's minister sounds warning over 'total collapse' of industrial and trading sectors

BofA Merrill Lynch expect the fiscal deficit to narrow this year on higher oil prices, but hover around 2015 levels. (File Photo)
March 2nd, 2017 - 06:00 GMT

Oman deficit will require external financing: BoA Merrill Lynch

Jakarta and Riyadh also inked an agreement that builds on an existing $6 billion deal between state-owned energy firms Aramco and Pertamina to expand an Indonesian oil refinery.  (AFP/Achmad Ibrahim)
March 2nd, 2017 - 06:00 GMT

Saudi Arabia to grant Indonesia $1B for economic development

Egypt signed a second $1 billion tranche loan agreement with the director of the World Bank in Cairo in late December part of a $3 billion loan package to support Egypt’s economic reform programme. (AFP/File)
March 2nd, 2017 - 05:00 GMT

World Bank delegation to Egypt to follow up reforms progress

Malaysia's Prime Minister Najib Razak (R) talks with Saudi Arabia's King Sultan Salman bin Abdulaziz al-Saud in Putrajaya, outside Kuala Lumpur.  (AFP/Mohammed Rasfan)
March 1st, 2017 - 11:00 GMT

Saudi Arabia, Malaysia ink deals worth $2B across various sectors

Saudi Arabia is expected to increase its domestic gasoline prices by 30 per cent from July, but still has the cheapest gasoline prices in the world. (File photo)
March 1st, 2017 - 06:00 GMT

Saudi Arabia takes aim at budget deficit with fuel price hike, fiscal reform

The World Government Summit 2017 was organised in cooperation with the Prime Minister’s Office and the International Monetary Fund.  (AFP/File)
February 28th, 2017 - 08:00 GMT

IMF pushes fiscal consolidation, structural reforms for GCC growth

Khalil did not reveal the size of the eurobonds which will be launched in 2017 or the yields on these bonds. (Shutterstock)
February 28th, 2017 - 07:00 GMT

Lebanon prepares to issue new eurobonds in 2017

In 2016, Alabbar went from UAE real estate heavyweight at the head of Emaar and Eagle Hills to a big name in food and e-commerce after several acquisitions.  (AFP/File)
February 27th, 2017 - 11:00 GMT

The top five most powerful Emiratis in 2017

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