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Economy and Policy

Economy and Policy latest

Trump and Carney
July 21st, 2026 - 11:33 GMT
P. Choiaqo

P. Choiaqo

Trump hits Canada with 50% tariff

ALBAWABA - The Tariff President, Donald Trump, continues to impose tariffs on friends and enemies alike, the latest being Canada with a hefty tariff of 50 percent. The move comes in response to Trump’s perceived ‘unequal treatment’ of U.S. cars, dairy, and alcohol by Canada; tariff targets ranged from everyday goods such as wine and hockey sticks to industrial goods like cement. "This is the latest in a series of ...
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Bitcoin’s rally cooled on Thursday after recording its biggest three-day rally this year. (Shutterstock)
July 19th, 2018 - 08:43 GMT

Bitcoin Falls Again After Climbing Above $7,500

The law, passed by parliament approved a EGP 5 billion start-up capital for the fund called ‘Egypt Fund’ with EGP 1 billion pounds to be transferred immediately from the treasury. (Shutterstock)
July 19th, 2018 - 08:38 GMT

EGP 200 Billion Sovereign Wealth Fund to Be Set up in Egypt

The value of cross-regional deals targeting the Middle East increased to $8.1 billion in 2018 first half from $6.4 billion in the same 2017 period. (Shutterstock)
July 18th, 2018 - 11:13 GMT

UAE Dominates the Middle East's M&A Field

Eight people have been killed and hundreds wounded in demonstrations which entered their 10th day on Tuesday. (AFP)
July 18th, 2018 - 11:02 GMT

Iraq Online Shutdown to Result in Losses Worth $40 Million a Day

According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18th, 2018 - 10:52 GMT

Cost of Living in UAE Continues to Drop Due to Rents Fall

According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18th, 2018 - 10:52 GMT

Cost of Living in UAE Continues to Drop Due to Rents Fall

Apart from economists, investors and businessmen, international ratings agencies have expressed deep concern over the delay, reminding the authorities that the growing public debt has reached alarming levels. (Shutterstock)
July 18th, 2018 - 10:45 GMT

Delays in Cabinet Formation Will Hurt Lebanese Economy

IMF maintained Saudi Arabia’s growth projections for 2019 at 1.9 per cent on predictions that oil prices would moderate. (File/Photo)
July 17th, 2018 - 12:27 GMT

IMF Changes Its Growth Forecast for Saudi Arabia

Statistics on Abu Dhabi’s non-oil trade also show that China is among the top five countries with key trade relations with the emirate. (Shutterstock)
July 17th, 2018 - 10:48 GMT

Abu Dhabi-China Non-Oil Trade Exceeds $3 Billion

200 protesters gathered at the main entrance of Siba natural gas field on Monday, police and energy sources said, following a week of unrest over poor services. (AFP)
July 17th, 2018 - 10:41 GMT

Protests Against Iraqi Government Continue over Unemployment, Poor Services

The present job market situation does not cope well with the Saudization strategy, the Vision 2030 and the hopes and aspirations of the Saudi people. (Shutterstock)
July 17th, 2018 - 10:22 GMT

Did the Saudization Strategy Fail to Solve the Unemployment Dilemma?

European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business as the United States re-imposes sanctions on insurance and reinsurance from 4 November 2018. (Shutterstock)
July 17th, 2018 - 10:07 GMT

Lloyd’s of London Fears the Consequences of US Sanctions on Iran

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