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Economy and Policy

Economy and Policy latest

US Aircraft Carrier in the Arabian Sea
July 16th, 2026 - 06:46 GMT
P. Choiaqo

P. Choiaqo

Saudi Arabia to buy $2 billion worth of weapons from the US

ALBAWABA - The sale of an estimated $1.96 billion worth of weapons focused on air defenses to Saudi Arabia has been approved, according to the U.S. State Department. The weapons sought by the Kingdom of Saudi Arabia are around 20,000 Advanced Precision Kill Weapon Systems and its warheads which are described as "an inexpensive way to destroy targets while limiting collateral damage in close combat.” According to the U.S. Navy ...
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The event comes as part of DMCC’s ongoing programme to raise awareness of sustainability, and encourage its member companies to join the global cause.
May 14th, 2018 - 02:01 GMT

'Strive for Gender Equality' – the Message From DMCC During Its Latest Knowledge Series Event for Member Companies

Dr. Leila Hoteit, Partner and Managing Director at The Boston Consulting Group.
May 14th, 2018 - 11:40 GMT

The UAE’s Private K-12 Education Market Will Grow by Approximately 40 Percent in the Next 5 Years: BCG

During the meeting, both parties discussed opportunities and ideas on how to further cooperation and collaboration across joint innovative and creative projects.
May 14th, 2018 - 10:21 GMT

Department of Economic Development-Ajman Welcomes Visit of Delegation From Ministry of Economy

During the meeting, DIEDC’s Board of Directors also reviewed a study of the Islamic economy’s contribution to Dubai’s GDP, prepared by Dubai Statistics Centre.
May 14th, 2018 - 09:27 GMT

Dubai Islamic Economy Development Centre: Islamic Economy Contributes 8 Percent of Dubai’s GDP

Violations ranged from issuing VAT invoices without all the required information to collecting taxes that exceed 5 percent, not including a tax number on the invoices and eligible businesses not registering for VAT. (Shutterstock)
May 14th, 2018 - 09:02 GMT

More Than 5,000 VAT Violations Issued in Saudi This Year

According to the campaign, a total of 778,748 expatriates have violated the system of residency, 193,621 the work laws and 87,519 the system of border security.
May 13th, 2018 - 02:00 GMT

More Than a Quarter of a Million Expats Deported

During its visit to DED-Ajman’s headquarters in the Corniche Building, the business groups awarded a trophy to the Department.
May 13th, 2018 - 10:45 GMT

Leading Global Brands & Law Firms Recognize DED-Ajman’s Remarkable Deeds

Oman’s rapidly expanding retail sector could generate up to 54,000 jobs. (Shutterstock)
May 13th, 2018 - 10:00 GMT

Oman's Retail Sector Could Generate 50,000 Jobs

Dubai is also ranked second in the 'low unemployment' rate globally, especially among the youth. (Shutterstock)
May 13th, 2018 - 08:00 GMT

Dubai Ranks First in the Arab World and Fourth Worldwide in 'Economic Performance'

MPs have voted against a proposal to tax expat remittances. (Shutterstock)
May 10th, 2018 - 02:08 GMT

Proposal to Tax Expat Remittances Is Rejected

The dollar was selling for 65,000 rials, according to foreign exchange website Bonbast.com, which tracks the free market. (Shutterstock)
May 10th, 2018 - 08:00 GMT

Iran’s Rial Near Record Lows Against the Dollar as Trump Decision on Nuclear Deal Looms

Crude oil prices rally after U.S. President Donald Trump backs out of the Iranian nuclear deal. (AFP)
May 10th, 2018 - 06:44 GMT

Oil Prices Respond to Trump's Move on Iran With Surge

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