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Economy and Policy

Economy and Policy latest

cryptocurrency
March 17th, 2026 - 10:38 GMT
Al Bawaba Staff

Al Bawaba Staff

Cryptocurrency in the Arab World: Strategy, Power, and the Post-Oil Economy

Dr. Gil Feiler Over the past few years, the cryptocurrency sector in the Arab world has evolved from a marginal financial curiosity into a strategic component of economic policy. What began as speculative retail trading has gradually transformed into a state-supported technological and financial ecosystem. Today, several Arab governments—particularly in the Gulf—view blockchain and digital assets not merely as financial innovations but as strategic tools that can strengthen their global ...
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New taxes will be added to the existing ones, which are 100 percent on tobacco and alcohol, and that the total taxation on such products will become 200 per cent. (Pixabay)
January 8th, 2017 - 09:00 GMT

Price hike alert: GCC gears up for higher taxes on tobacco, soft drinks, luxury cars

Fitch said that the government is planning to meet two-thirds of its financing need through external debt issuance, and the remainder through reserve draw-downs. (File photo)
January 5th, 2017 - 10:00 GMT

Oman: Fitch forecasts growth as it maintains 'stable' outlook rating

Until now, Egypt has had no specific law on bankruptcy, meaning failed companies have had to go to court on a case-by-case basis. (Shutterstock/Orhan Cam)
January 5th, 2017 - 05:46 GMT

Egypt introduces bankruptcy law to jump-start economy

The Food Bank’s operations will begin in Dubai and will then expand to underdeveloped communities in the region and around the world.  (WAM)
January 4th, 2017 - 10:00 GMT

UAE's new Food Bank aims for zero food wastage and help for the needy

2016 has witnessed the lowest traded price of Oman oil, where the price dropped to less than $24 in January.  (Shutterstock)
January 2nd, 2017 - 06:01 GMT

Oman's 2017 budget tackles cheap oil with austerity measures, privatization

A number of Egyptian investors took out a full-page newspaper advertisement calling on President Sisi to take "emergency measures" to save Egyptian companies. (File photo)
December 29th, 2016 - 07:30 GMT

Staving off bankruptcy: Egypt's central bank approves forex debt arrangement for local companies

During the event
December 28th, 2016 - 04:40 GMT

Dubai Customs launches new enhancements at DXB Airport, Terminal 2

After two years of back to back spending decline due to lower oil prices, the spending for 2017 is budgeted to rise eight percent in 2017. (File photo)
December 27th, 2016 - 12:00 GMT

Saudi stocks jump 100 points on release of 2017 budget

The six sectors that the Strategy will focus on include aerospace, maritime, pharmaceuticals and medical equipment, aluminium and fabricated metals, food and beverages, and machinery and equipment. (File photo)
December 27th, 2016 - 11:00 GMT

Dubai Industrial Strategy 2030: Sheikh Hamdan issues directives to boost implementation

The government was supposed to re-impose the Capital Gains Tax next year, but in November it further postponed it to additional three years. (File photo)
December 27th, 2016 - 10:00 GMT

Egypt: Mismanaged implementation of capital gains tax results in $188M of lost revenue

The introduction of various taxes on expat visas over the next three years is set to push Saudisation and consequently increase labour costs for the corporate sector. (File photo)
December 27th, 2016 - 06:06 GMT

Saudi Arabia's 2017 budget: Higher taxes will increase labor costs

The crash in oil prices produced a deficit of SR 366 billion in 2015.  (AFP/FIle)
December 22nd, 2016 - 02:36 GMT

Saudi Arabia's 2017 budget: National deficit reduced to $79B

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