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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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The report shows that the overall PMI is also constrained by anaemic employment gains. (Shutterstock)
July 11th, 2016 - 10:35 GMT

UAE’s non-oil private sector expands, but prepares for summer slowdown

Saudi Deputy Crown Prince Mohammad bin Salman Al Saud visits the aircraft carrier USS Theodore Roosevelt in July 2015. (US Navy)
July 10th, 2016 - 08:59 GMT

Booz Allen Hamilton inks $12M contract for Saudi Navy support services

Tourism revenues dropped by 40 percent to $3.3 billion from $5.5 billion during July-March compared to the previous year, according to the CBE. (File photo)
July 10th, 2016 - 08:12 GMT

Egypt’s balance of payments deficit skyrockets 260 percent

Contraction in the nominal GDP in Oman in 2015 was mainly due to the sharp fall in crude oil prices in the global markets and fiscal policies pursued by the government. (Times of Oman)
July 5th, 2016 - 08:00 GMT

Oman: Low oil prices end five years of economic growth

The May 2017 forum will be the ninth hosted by Jordan since the first conference in 2003. (AFP/File)
July 5th, 2016 - 06:00 GMT

Jordan to host MENA's World Economic Forum in 2017

EgyptAir revealed they would incur a $2 million loss in case the daylight saving time was cancelled. (Shutterstock)
July 5th, 2016 - 04:50 GMT

Egypt to scrap daylight savings time from July 7

Retailer Rami Levy, who has sold milk cheaper than water and a kilo of chicken for 10 cents, was confident prices in his mall would be lower than those in Ramallah. (Olive Oil Times)
July 4th, 2016 - 09:00 GMT

First Israeli-Palestinian mall faces boycott

Yemen's Central Bank fell under Houthi control in March. (Nabanews.net)
July 4th, 2016 - 07:28 GMT

IMF, oil deals hampered by Houthi control of Central Bank: Yemeni PM

The actual budget deficit for the 2015/2016 fiscal year which ended on March 31 is KD 5.5 billion, the first actual deficit to be posted by Kuwait after 16 years of surpluses. (File photo)
July 4th, 2016 - 05:15 GMT

Kuwait may borrow up to $16.5B to finance budget deficit

A source within the CBE said the total dues repaid by the central bank to Qatar in the past two years amounted to $7 billion. (File photo)
July 4th, 2016 - 04:20 GMT

Payback time: Egypt settles billion-dollar debt with Qatar

Investigations were launched amid reports that executives at some state-owned firms were earning more than 50 times the base government salary. (File photo)
July 3rd, 2016 - 10:00 GMT

Mass resignations at Iran's sovereign wealth fund after 'fat cat' salary investigations

A weaker pound and euro would hit the UAE hardest of the Gulf economies due to its large tourism and real estate sectors. (Shutterstock)
July 3rd, 2016 - 05:43 GMT

Brexit: Pros and cons for the GCC

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