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Economy and Policy

Economy and Policy latest

Dubai customs celebrates Kuwaiti brothers with a unique welcome during “UAE and Kuwait forever brothers” week
February 2nd, 2026 - 10:38 GMT

Dubai customs celebrates Kuwaiti brothers with a unique welcome during “UAE and Kuwait forever brothers” week

Following the directives of the UAE leadership to honor the longstanding brotherly ties between the United Arab Emirates and the State of Kuwait, Dubai Customs marked the occasion with an exceptional celebration for its Kuwaiti brothers. The Passenger Operations Department organized a distinctive welcome program that conveyed warmth, respect, and friendship to visitors from Kuwait. The initiative included a special reception journey, beginning with greetings at Kuwait International Airport—a heartfelt gesture symbolizing the strong bonds between the two nations. The celebration continued upon the travelers’ arrival at Dubai International Airport ...
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The Fed lowered its short-term lending rate to between 1.5% and 1.75% from 1.75% to 2%, citing a "moderate rate" of economic growth.
October 31st, 2019 - 06:59 GMT

US: Fed Reserve Lowers Interest Rates for a Third Time This Year

Central Bank Governor Riad Salameh governor once again ruled out a break in the long-standing peg on Monday, saying the government had the means to maintain it.
October 31st, 2019 - 06:42 GMT

How Would Breaking Lebanon's FX Peg Affect the Deteriorating Economy?

India and Saudi Arabia have traditionally enjoyed close and friendly relations.
October 30th, 2019 - 07:16 GMT

Saudi Arabia Makes Big Investments in India's Gas,Oil Projects

The estimated budget allocation to social development and social benefits programmes amount to Dh26.7 billion, or 38 per cent of the total budget.
October 30th, 2019 - 07:05 GMT

UAE Approves Zero-Deficit Budget of $16.7 Billion for 2020

Egypt is targeting 6 percent GDP growth in the 2019/20 fiscal year that began on July 1.
October 30th, 2019 - 06:34 GMT

Egypt's GDP Grows 5.6 Percent in Q3

FDI flows from Kuwait came on top, in absolute terms, with an additional BD45.2 million flowing into the Kingdom during the second quarter.
October 29th, 2019 - 11:07 GMT

Bahrain FDI Hits $28.7 Billion in Q2

The region has in recent years experienced a surge in portfolio and bank flows which, in many countries, helped finance external and fiscal deficits.
October 29th, 2019 - 10:53 GMT

IMF Calls for Structural Reforms in the Region to Promote Jobs Growth

Iran economy contracted 4.8 per cent last year and it will slip deeper into the recession this year.
October 29th, 2019 - 10:26 GMT

IMF: Iran to See Zero Growth in 2020

The former Nissan chairman holds Lebanese nationality. He is awaiting trial in Japan on charges of financial misconduct, which he denies.
October 29th, 2019 - 09:49 GMT

Japan Tax Authorities Uncovers Records of Ghosn Using Nissan Money for Private Use

There's still an awful lot of discrepancy and uncertainty in the markets as to what the Fed will do next year
October 29th, 2019 - 09:00 GMT

US Dollar Slips on Trade Optimism

The IMF had earlier revised down growth forecast for 2019 to 1.6 per cent from its previous forecast of 2.8 per cent.
October 28th, 2019 - 09:45 GMT

IMF: UAE GDP Projected to Grow at 2.5 Percent Due to Non-Oil Sector

Egypt and Kuwait also inked a framework agreement to finance the second phase of the Sinai development programme at a value of $1 billion up to 2022.
October 28th, 2019 - 08:37 GMT

Kuwait Group Ink $85 Million Deal With Egypt to Fund Tunnel Road

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