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Economy and Policy

Economy and Policy latest

DMCC’s Maryam Al Hashemi Appointed 2026 Chair of the Kimberley Process Committee on Participation and Chairmanship
February 6th, 2026 - 06:58 GMT

DMCC’s Maryam Al Hashemi Appointed 2026 Chair of the Kimberley Process Committee on Participation and Chairmanship

The Kimberley Process (KP) has announced the appointment of Maryam Al Hashemi as the 2026 Chair of its Committee on Participation and Chairmanship (CPC). A highly respected industry leader and KP veteran, Al Hashemi brings extensive expertise to this critical role. India will chair the KP in 2026, the third time it has chaired the body overall, with commitments to building consumer confidence, accelerating digital traceability and advancing data-driven compliance. Currently serving as the Senior Director of Precious Stones and Metals at DMCC and the UAE KP Director, Al Hashemi ...
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The currency was trading at about 110,000 rials per US dollar on the unofficial market on Sunday. (Shutterstock)
January 7th, 2019 - 08:26 GMT

Iran Mulls Removing Four Zeros From Its Plunging Currency

Hard-hitting consultants' report reveals severe deficiencies across public and private sectors. (Shutterstock)
January 7th, 2019 - 08:21 GMT

Experts' Analysis of Appalling Statistics About Lebanon Revealed by McKinsey Report

The government of President Hassan Rouhani said the laws are needed to meet demands set by the international Financial Action Task Force. (Shutterstock)
January 6th, 2019 - 09:54 GMT

Anti-Money Laundering Bill Approved in Iran to Maintain International Trade

According to the premier, Jordanians contribute 26.5 per cent to the Treasury’s total revenues, in taxes and fees.(Shutterstock)
January 6th, 2019 - 08:51 GMT

Jordan: No Tax Hikes in 2019

Shop owners described 2018 as “the worst year ever” (Shutterstock)
January 6th, 2019 - 08:36 GMT

Jordan's Jewelry Sector Witnesses Worst Year in Decade

Since the campaign began in November 2017 the total number of offenders was 2,376,215, which included 1,846,252 for violating residency regulations, 364,636 for labor violations and 165,327 for border violations. (Pixabay)
January 6th, 2019 - 08:19 GMT

More Than 2 Million Expats Arrested in Saudi Arabia in 2018

Several economic officials and analysts have affirmed that the outlook for the UAE economy is highly positive despite global headwinds. (Shutterstock)
January 6th, 2019 - 08:14 GMT

UAE's GDP Projected to Grow 3.7 Percent in 2019

Dh23.4m worth of fines waived off last year to help firms cope up with challenging environment. (Shutterstock)
January 6th, 2019 - 07:53 GMT

Dubai to Maintain 50 Percent Reduction in Fines for Businesses in 2019

Going forward, the FTA is going to conduct tax audits on businesses, which will ensure that the they take compliance with VAT more seriously than what they have been doing in the first year. (Shutterstock)
January 6th, 2019 - 07:46 GMT

More Than 296,000 Businesses Registered for VAT in UAE


The fee, along with the security sweep against illegal residents through the Interior Ministry's "A Country Without Illegals" campaign caused many expats to leave the Kingdom for good. (Shutterstock)
January 3rd, 2019 - 11:37 GMT

The Benefits of Expat Fees in Saudi Arabia

Consumer prices in December down 0.40 percent compared to previous month. (Shutterstock)
January 3rd, 2019 - 11:21 GMT

Turkey's Consumer Prices Slips in December

It had been expected for some time since the Khashoggi murder because of the pressure Riyadh was coming under to bring those responsible to account and to take other required measures. (AFP)
January 3rd, 2019 - 10:20 GMT

Opinion: The Saudi Reshuffle Strengthens Mohammed Bin Salman's Hand

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