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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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Commerzbank declined to comment on the Der Semit's account due to data protection and bank secrecy laws.  (Opednews.com)
June 15th, 2016 - 12:00 GMT

Germany's Commerzbank shuts anti-BDS account in landmark move

The development plan approved in December 2015 plan would increase funding for housing, education, employment of Arab women, infrastructure, welfare services and public transport in Arab localities. (AFP/File)
June 15th, 2016 - 10:00 GMT

Israel downplays delay in $645M Arab budget allocation

Investment-friendly government policies and overall ease of doing business has made the US more attractive to global sovereign investors, says an industry expert. (File photo)
June 15th, 2016 - 08:00 GMT

Middle East sovereigns remain bullish over US investments

The threat to local retailers might turn into an opportunity if these companies restructured their balance sheets and concentrated on niche markets, one economist says. (Mall of Arabia)
June 15th, 2016 - 07:00 GMT

Saudi Arabia: Law permitting 100 percent foreign investment in retail will boost sector

US Secretary of State John Kerry (L) greets Saudi Deputy Crown Prince Mohammed bin Salman outside Kerry's residence prior to their meeting on June 13, 2016, in Washington, DC. (AFP/Molly Riley)
June 14th, 2016 - 09:00 GMT

Saudi Deputy Crown Prince gets down to business in the US

Sheikh Maktoum and Charles Bolden spoke about scientific issues and efforts to harness space technology for peaceful and non-politicised purposes to serve all humanity. (WAM)
June 14th, 2016 - 08:00 GMT

NASA delegation talks Mars missions on UAE visit

The Eurofighter Typhoon is popular with the Royal Air Force of Oman, Kuwait and Saudi Arabia. (Wikimedia Commons)
June 14th, 2016 - 05:31 GMT

Saudi, UAE top defense spending in a record-breaking year

The six member GCC bloc has been debating a common value added tax, which is a tax levied on the import and supply of goods and services at each production and distribution stage, for over a decade. (File photo)
June 12th, 2016 - 11:00 GMT

VAT in GCC: Challenges ahead of 2018 implementation

Oman is against introducing income tax for expats due to pressures such as the recent removal of fuel subsidies, a factor that has added to inflation, and the introduction of VAT . (Shutterstock)
June 12th, 2016 - 09:00 GMT

Expats' income in Oman will remain tax-free: Ministry of Manpower

Ahmed Mahboob Musabih, Director of Dubai Customs
June 12th, 2016 - 08:06 GMT

Innovative services drive Dubai Customs to the top of ‘Happiness Index’

Omar Bushahab, CEO of Business Registration & Licensing (BRL) sector in DED
June 12th, 2016 - 05:38 GMT

DED adds 8 new business activities under commercial licenses to meet market needs

The United States sold $20 billion in arms to Saudi Arabia in 2015 alone, according to Human Rights Watch. (Wikimedia Commons)
June 12th, 2016 - 05:00 GMT

US lawmakers seek bill to halt arms sales to Saudi over Yemen campaign

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