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Economy and Policy

Economy and Policy latest

The Laundromat: How Russian Oil Keeps Flowing Three Years After Sanctions
April 17th, 2026 - 10:10 GMT
Al Bawaba Staff

Al Bawaba Staff

The Laundromat: How Russian Oil Keeps Flowing Three Years After Sanctions

The Marquise is a 184-metre product tanker built two decades ago. It is not a glamorous vessel. It is old, it is slow by modern standards, and it has spent the past several years doing something unremarkable on paper: picking up cargoes of petroleum products at Russian export terminals and delivering them to ports scattered across Turkey and West Africa. What makes the Marquise interesting is not what it carries ...
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A Turkish flag pictured in Gaziantep, southeastern Turkey. (AFP Photo/Ozan Kose)
July 25th, 2016 - 01:00 GMT

Turkish Industrialists urge global trust in Turkish economy

Fethullah Gulen, currently in the US. (AFP/File)
July 24th, 2016 - 01:00 GMT

In wake of failed coup, Turkey shuts down all Gulen-linked businesses

DED representatives with Lulu team
July 24th, 2016 - 09:14 GMT

DED meets with representatives of 7 hypermarkets to discuss ‘Customer Service Counter’ initiative

The World Bank is offering a series of loans to Jordan. (AFP/File)
July 24th, 2016 - 07:00 GMT

World Bank offers Jordan $1.4B over six years for Syria response

Labor Minister Sejaan Azzi. (AFP/File)
July 24th, 2016 - 04:00 GMT

Lebanon amends daily minimum wage law, activists protest

While the value of the Turkish lira has dropped, banks remain stable. (AFP/File)
July 21st, 2016 - 09:00 GMT

Turkey takes steps to reassure international investors in wake of failed coup

Prime Minister Hani Mulki attends the signing of a deal between Jordan and the EU on simplifying the rules of origin. (Photo courtesy of EU mission)
July 21st, 2016 - 07:02 GMT

Jordan and EU approve 10 year trade deal

The Middle East, along with Afghanistan and Pakistan, is set to see economic growth of 3.4 per cent this year and 3.3 per cent for 2017. (AFP/File)
July 21st, 2016 - 05:41 GMT

IMF predicts growth in Middle East but warns of Brexit impact on global economy

Omar Bushahab, CEO of Business Registration & Licensing (BRL) in DED
July 20th, 2016 - 11:29 GMT

DED witnesses substantial increase in new and renewed licenses in Q2 2016

Big family conglomerates in Saudi Arabia are also under pressure from authorities to invest more in the economy now that oil prices are low. (File photo)
July 20th, 2016 - 11:00 GMT

OPINION: Saudi Binladin Group gets thrown another lifeline, but it's the end of an era

In addition to arm sales to the UAE, the US has separately approved the sale of 246 missiles and other equipment to Japan worth $821 million.  (AFP/File)
July 20th, 2016 - 09:00 GMT

US approves $785M sale of bombs to UAE for fight against Daesh

During the signing
July 19th, 2016 - 09:18 GMT

DED and Louis Vuitton Moët Hennessy team up to combat counterfeiting and educate consumers

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