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Economy and Policy

Economy and Policy latest

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt
June 26th, 2026 - 04:15 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz. Saudi Aramco resumed crude shipments on Friday at Ras Tanura, one of the world’s largest oil export hubs on the Gulf coast ...
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Al Bawaba
June 22nd, 2014 - 05:06 GMT

Samsung Wireless Audio Multiroom System now playing “Spotify Connect”

Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds ($1.69 billion) instead of making any major acquisitions.
June 19th, 2014 - 10:06 GMT

Not so fancy? Rolls Royce to return $1.7 billion to investors

Al Bawaba
June 19th, 2014 - 03:42 GMT

If only its economy was the only thing tainted, Israel's black economy stands at 6.6% of GDP

The Kingdom, with a population of some 29 million people, reported annual car sales hovering at 700,000 units last year.
June 19th, 2014 - 12:00 GMT

Korean company to establish car assembly plant in Saudi

Al Bawaba
June 19th, 2014 - 05:07 GMT

Dive deeper into photography with Canon’s rugged PowerShot D30

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs
June 19th, 2014 - 04:25 GMT

Dubai Customs’ services go live on smart watches

Turkey stood 45 percent below the average for EU member states in terms of gross domestic product (GDP) per person, a comparison Eurostat makes using the purchasing power standard (PPS).
June 19th, 2014 - 03:55 GMT

A natural exclusion from the EU? Turkey below European counterparts in consumption, GDP per capita

Al Bawaba
June 18th, 2014 - 08:28 GMT

German defense group wins $3.7 billion Algeria contract

"Payment difficulties do come up and it is not a straightforward place to trade with, but deals to Iran are still being done," another European grains trade source said.
June 18th, 2014 - 01:22 GMT

Despite all persistent difficulties, Iran buys $55,000 tons of wheat from Russia

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
June 18th, 2014 - 01:15 GMT

A blessing in disguise? Strict lending deters Emirati's from borrowing

Al Bawaba
June 18th, 2014 - 11:05 GMT

Dubai Chamber discusses private sector challenges with business groups and councils

Al Bawaba
June 18th, 2014 - 09:04 GMT

North Axis Trading Co. Samsung Electronics Levant’s new official distributor for information technology devices

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