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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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Discussions covered Jordan’s ties and partnership with the WEF. (Shutterstock)
September 23rd, 2018 - 07:50 GMT

Jordan to Host World Economic Forum 2019

Remittances to home countries surged by 13.1 per cent to Dh88 billion. (Shutterstock)
September 23rd, 2018 - 07:39 GMT

Indian Expats Remittances From UAE Soar to Dh88 Billion

Turkey and Germany on Friday pledged to forge closer economic and strategic ties following a high-level meeting of their finance. (Shutterstock)
September 23rd, 2018 - 07:06 GMT

Turkey, Germany Eager to Maintain Their Bilateral Trade Volume of $43.6 Billion

Oil prices rose this week on continuing market tightness. With the price rise, some Saudi-bashing has begun. (Shutterstock)
September 23rd, 2018 - 06:54 GMT

Saudi Arabia Rejects Claims of Its Comfort With Rising Oil Prices

The ministry started nationalizing four out of 12 activities in retail and wholesale sectors. (Shutterstock)
September 23rd, 2018 - 06:47 GMT

Over 1.2 Million Expats to Be Affected by Saudization of Shops

The UAE is ranked high in HDI mainly due to two key social parameters. (Shutterstock)
September 23rd, 2018 - 06:39 GMT

UAE Tops GCC Nations on Human Development

Four conditions for retailers to register in the digital system of the Tax Refund Scheme for Tourists. (Shutterstock)
September 23rd, 2018 - 06:26 GMT

4 Conditions UAE Retailers Must Meet to Register in VAT Refund Scheme for Tourists

The Cabinet members’ tour to discuss the new income tax law around the country has not been received very well. (Shutterstock)
September 20th, 2018 - 07:45 GMT

Officials Kicked out of Jerash, Ajloun Ahead of Income Tax Law Discussions

This fiscal year's state budget targets the issuance of up to USD5bn bonds like those of Euro and US dollar-denominated bonds that have been put up for sale back in January and March. (Shutterstock)
September 20th, 2018 - 07:41 GMT

Egypt Considers Issuing $5 Billion Bonds in Asian Markets

A Qatar-based company is planning to manufacture and market electric cars of different sizes and capacities, using technologies from a Japanese partner. (Shutterstock)
September 20th, 2018 - 07:26 GMT

Qatar, Japan to Collaborate on Electric Cars Manufacturing

Qatar’s current account returned to a surplus of 3.8% of GDP in 2017 on the back of higher energy prices. (Shutterstock)
September 20th, 2018 - 06:56 GMT

Hydrocarbon Exports Sustain Qatar's Account Surplus to 9 Percent of GDP

The ministry is expecting to raise fish production to 1.4mn tonnes in 2023 from 280,000 tonnes in 2016. (Shutterstock)
September 20th, 2018 - 06:37 GMT

Oman's Fisheries Sector to Increase to RO1.3 Billion in 2023

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