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Economy and Policy

Economy and Policy latest

Economies
April 13th, 2026 - 09:36 GMT
Al Bawaba Staff

Al Bawaba Staff

Middle Eastern Economies within the Global Wealth Structure

Dr. Gil Feiler - The position of Middle Eastern economies in the global wealth hierarchy is often misunderstood due to the use of headline indicators that obscure structural realities. A rigorous comparison across three key metrics—nominal GDP per capita, purchasing power parity (PPP), and net wealth per capita—reveals a more nuanced picture of how countries in the region, particularly Israel and the Gulf states, integrate into the global distribution of ...
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During the meeting, DIEDC’s Board of Directors also reviewed a study of the Islamic economy’s contribution to Dubai’s GDP, prepared by Dubai Statistics Centre.
May 14th, 2018 - 09:27 GMT

Dubai Islamic Economy Development Centre: Islamic Economy Contributes 8 Percent of Dubai’s GDP

Violations ranged from issuing VAT invoices without all the required information to collecting taxes that exceed 5 percent, not including a tax number on the invoices and eligible businesses not registering for VAT. (Shutterstock)
May 14th, 2018 - 09:02 GMT

More Than 5,000 VAT Violations Issued in Saudi This Year

According to the campaign, a total of 778,748 expatriates have violated the system of residency, 193,621 the work laws and 87,519 the system of border security.
May 13th, 2018 - 02:00 GMT

More Than a Quarter of a Million Expats Deported

During its visit to DED-Ajman’s headquarters in the Corniche Building, the business groups awarded a trophy to the Department.
May 13th, 2018 - 10:45 GMT

Leading Global Brands & Law Firms Recognize DED-Ajman’s Remarkable Deeds

Oman’s rapidly expanding retail sector could generate up to 54,000 jobs. (Shutterstock)
May 13th, 2018 - 10:00 GMT

Oman's Retail Sector Could Generate 50,000 Jobs

Dubai is also ranked second in the 'low unemployment' rate globally, especially among the youth. (Shutterstock)
May 13th, 2018 - 08:00 GMT

Dubai Ranks First in the Arab World and Fourth Worldwide in 'Economic Performance'

MPs have voted against a proposal to tax expat remittances. (Shutterstock)
May 10th, 2018 - 02:08 GMT

Proposal to Tax Expat Remittances Is Rejected

The dollar was selling for 65,000 rials, according to foreign exchange website Bonbast.com, which tracks the free market. (Shutterstock)
May 10th, 2018 - 08:00 GMT

Iran’s Rial Near Record Lows Against the Dollar as Trump Decision on Nuclear Deal Looms

Crude oil prices rally after U.S. President Donald Trump backs out of the Iranian nuclear deal. (AFP)
May 10th, 2018 - 06:44 GMT

Oil Prices Respond to Trump's Move on Iran With Surge

Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy
May 9th, 2018 - 10:00 GMT

UAE, Moldova Agree to Strengthen Economic Cooperation During High-Level Forum

Bitcoin has been hailed as the future of digital finance. (Pixabay)
May 9th, 2018 - 10:00 GMT

Bitcoin's Biggest Rival Faces Overhaul as Computing Power Rises

Mohammed Al Kamali, Deputy CEO of Dubai Exports
May 9th, 2018 - 09:46 GMT

Dubai Exports Leads Local Firms Eyeing New Export Markets to Croatia

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