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Economy and Policy

Economy and Policy latest

DP World and Arcapita’s Lintara Break Ground on 20,000 Sqm Logistics Centre in Jafza
June 30th, 2026 - 07:44 GMT

DP World and Arcapita’s Lintara Break Ground on 20,000 Sqm Logistics Centre in Jafza

DP World and Lintara Properties, the real estate development platform of Arcapita Group Holdings Limited ("Arcapita"), have broken ground on a new 20,000 square metre build-to-suit logistics centre in Jebel Ali Free Zone (Jafza). The Grade A facility is being developed by Lintara Properties and will be operated by DP World as part of its integrated, end-to-end supply chain network in the region. Construction is expected to conclude in Q1 2027. The new facility will feature approximately 12-metre clear height storage, temperature-controlled areas, dedicated dangerous goods storage, supporting office space ...
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Remittances by foreign workers have witnessed a steady fall in recent months as banks in Kingdom reported a gradual decline in foreign remittances. (AFP/ File)
July 30th, 2017 - 10:59 GMT

Foreign Remittances From Saudi Arabia Decline by 34 Percent in June

The agreement was signed on the part of Dubai Customs by Ibrahim Kamali, director of Passenger Operations Department, and on behalf of Emirates Airlines by Badr Al Shehhi, divisional vice-president, Baggage and Operations Services, in the presence of officials from both sides.
July 30th, 2017 - 05:54 GMT

Dubai Customs and Emirates Airlines Sign Agreement to Raise Service Standards

Banks and other financial institutions in the UAE to freeze all bank accounts of groups and individuals mentioned in the new terror list issued by Saudi Arabia and its allies on July 25, 2017. (AFP/ File)
July 27th, 2017 - 01:05 GMT

UAE Freezes Accounts of Individuals, Entities in Qatar-Linked Terror List

With oil prices remaining relatively low, countries in the GCC are faced with the urgent need to diversify their economies. (AFP/ File)
July 26th, 2017 - 11:43 GMT

Diversification and Growth: Are There Lessons for GCC Countries?

DP World's core business is container handling which generates more than three quarters of its revenues. (File photo)
July 26th, 2017 - 09:52 GMT

'No Serious Impact From Qatar Ban on Container Volumes,' Says DP World

The ADM has directly reached out to workers at Al Wathba and offered them caps, cold water and juices to alleviate the hot sunny conditions they are experiencing during their work.
July 26th, 2017 - 09:30 GMT

ADM Distributes Caps, Water and Juice to Workers at Al Wathba

The agency said the foreign assets of the Saudi banks reached their highest level in May since July 2016. (AFP/ File)
July 26th, 2017 - 06:00 GMT

Saudi Arabia's Foreign Assets Close to SR2 Trillion: SAMA

Turkey claims most foreign funds are linked to EU member countries. (File photo)
July 25th, 2017 - 10:20 GMT

Foreign Investment in Turkey up 11.2 Percent in First 5 Months of 2017

Saudi Arabia offered its first Riyal-denominated Sukuk to investors on Sunday this week. (File photo)
July 25th, 2017 - 09:38 GMT

Saudi Arabia Gets Bids of $13.6 Billion for $4.5 Billion Domestic Sukuk: SPA

Oman recorded a deficit of 21 percent of its GDP in 2016 as the oil price plunged to its lowest level in years. (File photo)
July 25th, 2017 - 09:25 GMT

Oman Slashes Subsidy Bill by 20 Percent, Eyes Further Cuts

The government policy announced earlier this year for import restrictions is bearing its fruits. (Facebook/ R. Boudraa)
July 25th, 2017 - 08:39 GMT

Algeria Announces 54 Percent Drop in Trade Deficit in H1 2017

By limiting jobs in grocery stores to Saudis, the country expects to generate more than 20,000 job opportunities for citizens. (AFP/ File)
July 25th, 2017 - 08:28 GMT

First Malls, Now Supermarkets: Saudi Arabia Bans Foreigners From Grocery Store Jobs

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