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Economy and Policy

Economy and Policy latest

DMCC Launches Dmcc Cyber as It Formalises Tech Ecosystem Uniting Over 4,000 Companies
July 6th, 2026 - 04:29 GMT

DMCC Launches Dmcc Cyber as It Formalises Tech Ecosystem Uniting Over 4,000 Companies

DMCC, the leading international business district that drives the flow of global trade through Dubai, has launched DMCC Cyber, a dedicated cybersecurity vertical, as it formally establishes DMCC Tech, its overarching technology platform bringing together the specialised centres and communities driving the digital economy. The announcement comes as DMCC's technology sector surpasses 4,000 companies, making it the largest and fastest-growing segment within its business district. As the community has grown in scale and maturity, DMCC has continued to develop increasingly specialised platforms that address the evolving needs of technology businesses ...
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In the 2019 budget, approximately OMR5 billion has been allocated for the education, health, housing and welfare sectors. (Shutterstock)
January 9th, 2019 - 10:46 GMT

39 Percent of Oman's 2019 Budget to Be Allocated for Social Sectors

The MENA region, economic growth is projected to rise to 1.9 percent in 2019. (Shutterstock)
January 9th, 2019 - 09:57 GMT

Global Economic Growth to Drop to 2.9 Percent in 2019

Dubai Design District (D3). (Shutterstock)
January 9th, 2019 - 08:29 GMT

Report: UAE Dominates the MENA Startups Ecosystem, Egypt’s Is the Fastest Growing

Remittances of Egyptian expatriates in Jordan hit  $539,000 in December. (Shutterstock)
January 9th, 2019 - 08:04 GMT

Remittances of Egyptian Expats in Jordan Exceed $500,000

Analysts say that the coming weeks could witness heavy volatility due to concerns regarding US government shutdown, Brexit uncertainty and flat global economic growth. (Shutterstock)
January 8th, 2019 - 09:15 GMT

Uncertainty Dominates the Oil, Equity Market Despite the Positive Momentum

The country is unlikely to make its debt sustainable through fiscal adjustment because that would require a sharp decline in interest rates or substantial economic growth. (Shutterstock)
January 8th, 2019 - 08:51 GMT

Would Restructuring the Debt Help Lebanon Avoid a Financial Crisis?

The case has rattled Nissan's alliance with French automaker Renault SA, where Ghosn still remains chairman and chief executive. (AFP)
January 8th, 2019 - 07:49 GMT

Nissan Ex-Chair Ghosn Claims Innocence in First Court Appearance

Pakistani prime minister, crown prince of Abu Dhabi decide to form a task force for trade enhancement. (Shutterstock)
January 7th, 2019 - 10:55 GMT

UAE to Enhance Trade Ties With Pakistan

Blockchain can help facilitate tax collection without added costs of intermediaries. (Shutterstock)
January 7th, 2019 - 10:43 GMT

Blockchain a Cost-Effective Solution for VAT Implementation in GCC

The government is likely to take into consideration the experience of certain countries when drafting the new bill. (Shutterstock)
January 7th, 2019 - 10:29 GMT

Kuwait Mulls Control Over Social Media Accounts

The customs tax on EVs has been increased from zero to 25 per cent as of January 1. (Shutterstock)
January 7th, 2019 - 09:43 GMT

'Surprise' Increase on Electric Vehicles' Tax in Jordan

Most of the complaints in Saudi Arabia and the UAE come not from the consumers but businesses unsure about how to implement VAT on goods and services. (Shutterstock)
January 7th, 2019 - 09:26 GMT

VAT is GCC Countries’ Silver Lining in This Dire Phase

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