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Economy and Policy

Economy and Policy latest

Dubai Customs forges stronger partnership with senior New Zealand officials
February 8th, 2026 - 07:42 GMT

Dubai Customs forges stronger partnership with senior New Zealand officials

Dubai Customs welcomed an official delegation from New Zealand led by Christine Stevenson, Chief Executive Comptroller; Chair of the Border Executive Board, in a visit aimed at deepening bilateral ties and supporting Dubai’s long-term strategic vision. The delegation was received by His Excellency Dr. Abdulla Busenad, Director General of Dubai Customs. The meeting underscored both sides’ shared commitment to expanding international partnerships that reinforce Dubai’s position as a leading global hub for trade and logistics. Talks focused on opportunities for closer collaboration in customs operations, including future partnerships to modernize ...
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An expatriate in the UAE spends an average of Dh6,000 (~$1,630) per year on money transfers, according to a new report. (File photo)
August 24th, 2017 - 11:52 GMT

UAE Expats Spend $1,630 Per Year on Money Transfers: Report

The new service will be initially operated with one vessel with a capacity of over 5,000 tons per voyage and will cater to temperature-controlled cargo and break-bulk. (File photo)
August 23rd, 2017 - 02:19 GMT

Qatar, Turkey Launch Direct Refrigerated Container Route

Saudi Arabia's reserves continued to decline over the January-May 2017 period and stand now at $499 billion.(AFP/ File)
August 23rd, 2017 - 02:06 GMT

Saudi Arabia's Current Account Back in Surplus as Oil Rebounds: Report

Traditional and alternative medicines and therapies (reflexology, acupuncture, etc.) and cosmetic surgery will all be subject to VAT. (File photo)
August 23rd, 2017 - 01:50 GMT

How Will VAT Affect the UAE Healthcare Sector?

The forum will discuss joint investment opportunities between the two countries. (Shutterstock)
August 23rd, 2017 - 01:35 GMT

Major Saudi-Chinese Investment Forum Set in Jeddah Tomorrow

King Salman attending talks at the 26th Arab League Summit in Sharm el-Sheikh, Egypt, on March 28, 2015. (AFP)
August 23rd, 2017 - 01:33 GMT

Saudi Arabia Eyes Joint Investment Fund With China, With a Focus on Energy

According to the law, tobacco and energy drinks will be taxed at 100 percent, while other soft drinks will receive a 50 percent levy. (File photo)
August 23rd, 2017 - 10:22 GMT

UAE to Apply 100% Tax on Tobacco, Energy Drinks Starting October 1

During the meeting, Minister Al Mansoori expressed the UAE's move to increase its efforts towards further reinforcing economic and trade cooperation with the US.
August 23rd, 2017 - 05:31 GMT

UAE Ministry of Economy Steps up Efforts to Further Reinforce Economic and Trade Cooperation With US

About 99 percent of 'tasattur' in Saudi Arabia is in small and medium-sized enterprises. (AFP/ File)
August 22nd, 2017 - 12:42 GMT

'Tasattur' Prevalent Among SMEs in Saudi Arabia, Says Official

Saudi Arabia is expected to face a recession in 2017, according to Bank of America. (Shutterstock)
August 22nd, 2017 - 12:19 GMT

Expat Fee, VAT to Add $21 Billion to Saudi Arabia's Revenues in 2018: BoA

Austerity is paying off for Oman. (File photo)
August 22nd, 2017 - 11:37 GMT

Oman's Economy Grows 12 Percent on Higher Oil Prices, Subsidy Cuts

Lebanese protesters wave the national flag in front of a barbed wire fence as large crowds rally in Beirut on August 23, 2015. (Anwar Amro/ AFP)
August 22nd, 2017 - 10:54 GMT

Lebanese President Approves Controversial Salary Scale, Tax Hike Laws

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