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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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Saudi Arabia is tapping international and domestic markets to help finance a budget deficit that may reach $53 billion this year. (Shutterstock)
April 13th, 2017 - 05:00 GMT

Saudi Arabia to raise over $8B in first Islamic bond sale

Prince Alwaleed Bin Talal once again topped the list with an estimated net worth of $18.7 billion, up by $1.4 billion from last year. (AFP/Christophe Ena)
April 13th, 2017 - 02:03 GMT

The world's richest Arabs according to Forbes: 2017 list

Regional economies, including Saudi Arabia, have been hit hard by the drop in oil prices, boosting the need for reforms such as subsidy cuts and the introduction of a value-added tax (VAT). (File photo)
April 13th, 2017 - 01:03 GMT

A tax on the rich will eliminate the need for VAT in GCC: Expert

After registering a healthy surplus for 16 consecutive years, Kuwait posted its first budget shortfall of $15 billion in the 2015-2016 fiscal year, following a slump in oil prices. (AFP/File)
April 13th, 2017 - 12:04 GMT

Kuwait turns to reserves, international borrowing to reduce budget deficit

Egyptian protester holds bread along with a flyer in Arabic that reads 'Danger, no to loans that lead to poverty' during a rally in downtown Cairo on April 3, 2013. (AFP/Khaled Desouki)
April 13th, 2017 - 10:45 GMT

34 percent of Egyptians live in severe housing deprivation: Survey

An employee of the French car maker Renault group during the inauguration of a new production plant in Algeria on November 10, 2014. (AFP/File)
April 12th, 2017 - 02:46 GMT

Algeria signs energy, vocational training deals with France

Turkey's Deputy Prime Minister Mehmet Simsek wants Turks to vote 'Yes' for the sake of the economy. (AFP/Adem Altan)
April 12th, 2017 - 10:28 GMT

Turkey's economy will grow strong and steady if Turks vote 'Yes’: Deputy PM

Saudi Arabia's healthcare sector growth is expected to reach SR92.6bn ($24.7 billion) by 2020. (AFP/File)
April 12th, 2017 - 09:06 GMT

Strong growth ahead for Saudi Arabia's healthcare sector

Tunisia's public debt continued to rise to almost 61.9 percent of GDP at the end of 2016, compared to 53.4 percent ​​originally projected. (AFP/File)
April 12th, 2017 - 06:00 GMT

Tunisia's public debt, budget deficit hit alarming levels

RORO at Khalifa Port.
April 12th, 2017 - 05:08 GMT

MAQTA Gateway achieves complete digitalization of all imports & exports

Dubai has issued more than 170,000 commercial licenses over the last 25 years, a 650 percent increase over the 28,000 licenses issued in its first year in 1992. (AFP/ Sahib Karim)
April 12th, 2017 - 04:00 GMT

Dubai sees 650 percent rise in business licenses since 1992

Egypt's Consumer Price Index (CPI) eased to 2.1 percent in March, compared to 2.7 percent in February and 4.3 percent in January. (File photo)
April 11th, 2017 - 04:57 GMT

Egypt's inflation surge begins to slow

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