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Economy and Policy

Economy and Policy latest

DMCC Announces Record USD 41.7 billion in Diamond Trade Through Dubai in 2025
July 14th, 2026 - 03:44 GMT

DMCC Announces Record USD 41.7 billion in Diamond Trade Through Dubai in 2025

DMCC, the leading international business district that drives the flow of global trade through Dubai, today announced that Dubai's total diamond trade reached an all-time high of USD 41.7 billion in 2025, according to data from Dubai Customs. The figure surpasses the previous record of USD 40.9 billion, set in 2011, and was accompanied by a record 359.5 million carats traded, up 42.5% year-on-year – marking the first time Dubai has posted a record in both diamond trade value and physical volume in the same year. Total diamond trade value ...
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Basic UK wages surge at record rates
August 15th, 2023 - 01:54 GMT

Basic UK wages surge at record rates

Oil prices rise on surprise rate cuts in China
August 15th, 2023 - 12:03 GMT

Oil prices rise on surprise rate cuts in China

Recession unlikely: Yellen is optimistic about US economy
August 15th, 2023 - 11:03 GMT

Recession unlikely: Yellen is optimistic about US economy

Devastating wildfires in Maui, Hawaii cause over $1.3B in damages
August 15th, 2023 - 10:34 GMT

Hawaii wildfires cause over $1.3B in damages

Yuan falls further on surprise rate cuts, slow retail sales
August 15th, 2023 - 08:22 GMT

Yuan falls further on surprise rate cuts, slow retail sales

Money laundering
August 14th, 2023 - 05:44 GMT
Mansour Al-Maswari

UAE apprehends 387 suspects for money laundering

Saudi Arabia will issue billions in Sharia-compliant bonds
August 14th, 2023 - 01:23 GMT

Saudi Arabia will issue billions in Sharia-compliant bonds

Russian Rouble slips as officials blame sanctions, policy
August 14th, 2023 - 11:49 GMT

Russian Rouble slips as officials blame sanctions, policy

Stocks down, sluggish China recovery faces new challenges
August 14th, 2023 - 09:59 GMT

Stocks down, sluggish China recovery faces new challenges

Oil prices slip despite tightening supply
August 14th, 2023 - 08:54 GMT

Oil prices slip despite tightening supply

Yen, Yuan fall against stronger US dollar
August 14th, 2023 - 07:40 GMT

Yen, Yuan fall against stronger US dollar

First Green Energy-powered water desalination project in Oman
August 13th, 2023 - 07:17 GMT

First Green Energy-powered water desalination project in Oman

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