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Economy and Policy

Economy and Policy latest

Ali Al-Zaidi
June 27th, 2026 - 10:35 GMT
P. Choiaqo

P. Choiaqo

Iraq’s new PM begins a long battle against entrenched corruption in Iraq by seizing $86 million

ALBAWABA -Ali Al-Zaidi, Iraq’s new and youngest PM ever, has begun a battle against corruption - making the first move by seizing $86 million in cash alongside properties, vehicles, and gold. Corruption is a long-standing issue in Iraq; especially in the public sector - something already widely known by the Iraqi populace. However, Iraq’s new and youngest PM seems to be giving Iraqis a breath of fresh air; opening investigations ...
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HH Sheikh Mohammed Bin Rashid Al Maktoum. (Shutterstock)
December 31st, 2018 - 09:13 GMT

Statement by His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, to Mark the 50th Anniversary of His Highness Sheikh Mohammed bin Rashid Al Maktoum's Inauguration

Iran’s non-oil exports hit over $33 billion. (Shutterstock)
December 31st, 2018 - 07:46 GMT

China's Exports to Iran Exceeds $8 Million in 2018

Intensive campaigns will be conducted immediately after the end of the amnesty scheme. (Shutterstock)
December 31st, 2018 - 07:39 GMT

UAE Amnesty for Illegal Expats Ends Today

The UAE's tourist VAT refund programme was well-received by those who availed it. (Shutterstock)
December 30th, 2018 - 10:50 GMT

UAE Tax Authority Concludes a Successful 2018

Thursday’s meeting at the Saudi Embassy also touched on Lebanon’s relations with Riyadh in various fields including economic, trade and social matters. (Shutterstock)
December 30th, 2018 - 10:34 GMT

Saudi Tourists Will Return to Lebanon When Government Forms


The Iraqi prime minister said the talks were "extremely important to achieve a real outcome and make progress in the relationship between the two brotherly neighbouring countries". (Shutterstock)
December 30th, 2018 - 10:14 GMT

Jordan, Iraq to Boost Economic Ties With New Border Reopening

The main objective is to boost the competitiveness of the emirate. (Shutterstock)
December 30th, 2018 - 10:07 GMT

Will Waiving Customs Duties on Industry Sector Revive Abu Dhabi's Economy?

Adequate training of inspection officers’ and their vigilance also prevented the smuggling of 6,720 ‘Lyrica’ pills. (Shutterstock)
December 30th, 2018 - 09:22 GMT

Dubai Customs Busts 922 Smuggling Attempts in 2018

The issue is limited to the Korean contractor and the Kuwaiti authorities. (Shutterstock)
December 30th, 2018 - 08:24 GMT

The Real Reason Why Kuwait Seized an Iranian Ship. Hint: It's Not US Sanctions

Makkah Gov. Prince Khaled Al-Faisal during the signing ceremony of an initiative between the National Home Health Care Foundation and the Public Health Department. (AN)
December 30th, 2018 - 08:19 GMT

Makkah to Extend More Financial Support for Health Sector

Newly-appointed foreign minister makes first comments on case of slain journalist. (AFP)
December 30th, 2018 - 08:13 GMT

Saudi Credits Khashoggi Case for Government Reshuffle, Citing "Change" Vs "Crisis"

System prevents the import of cigarettes without digital stamps as of May 1 and bans their sale to consumers from August 1. (Shutterstock)
December 27th, 2018 - 12:59 GMT

Federal Tax Authority Announces Completion of Preparations to Implement the ‘Marking Tobacco and Tobacco Products’ Scheme

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