Latest Politics & Economics News

Last Updated: Sat, Jan 21 2017 | 7:11 AM |
Saudi gov't 'could shelve' $13.3bn projects in 2017
Politics & Economics»

Saudi gov't 'could shelve' $13.3bn projects in 2017

Tuesday, 17 January 2017 8:32 PM

New report says projects are at risk of being cancelled this year due to fiscal pressures and changing priorities

New Zealand presses Gulf states to finalise stalled trade deal
Politics & Economics»

New Zealand presses Gulf states to finalise stalled trade deal

Tuesday, 17 January 2017 8:22 PM

Trade Minister Todd McClay visits the UAE and Kuwait this week in an effort to promote the deal with the GCC

Dubai economy set to grow by 3.1% in 2017, says Sheikh Ahmed
Politics & Economics»

Dubai economy set to grow by 3.1% in 2017, says Sheikh Ahmed

Tuesday, 17 January 2017 2:38 PM

Chairman of Dubai's Economic Development Committee says 'sustainability and flexibility' are key to ongoing progress

IMF cuts Saudi Arabia's growth forecast on lower oil output
Politics & Economics»

IMF cuts Saudi Arabia's growth forecast on lower oil output

Tuesday, 17 January 2017 12:33 PM

Saudi government says it expects to post a ‘balanced’ budget by 2020

Egyptian court rejects transfer of two Red Sea islands to Saudi Arabia
Politics & Economics»

Egyptian court rejects transfer of two Red Sea islands to Saudi Arabia

Tuesday, 17 January 2017 11:52 AM

Egypt's government announced during a visit by the Saudi king in April a maritime demarcation accord that would see it cede control of Tiran and Sanafir

Turkish police capture New Year's nightclub attacker in Istanbul
Politics & Economics»

Turkish police capture New Year's nightclub attacker in Istanbul

Tuesday, 17 January 2017 11:48 AM

Seven Saudi citizens, three Lebanese and a Kuwaiti citizen were among the 39 killed in the attack

India-UAE ranked world's second largest migration corridor in 2015, says OECD
Politics & Economics»

India-UAE ranked world's second largest migration corridor in 2015, says OECD

Tuesday, 17 January 2017 11:37 AM

2.8 million Indians have migrated to UAE between 1995 and 2015 - report

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Trump's stance on Iran and ISIL gives Saudi Arabia cause for optimism
Politics & Economics»

Trump's stance on Iran and ISIL gives Saudi Arabia cause for optimism

Tuesday, 17 January 2017 9:26 AM

Saudi foreign minister says kingdom's interests are aligned with US

Bahrain suspends online version of opposition-linked newspaper
Media»

Bahrain suspends online version of opposition-linked newspaper

Tuesday, 17 January 2017 9:22 AM

Second time for al-Wasat to be closed down since last August

Bahrain summons Iraqi ambassador to protest remarks on executions
Politics & Economics»

Bahrain summons Iraqi ambassador to protest remarks on executions

Monday, 16 January 2017 8:11 PM

Execution on Sunday of three men, whose attack killed three policemen, has drawn condemnation from rights groups

GCC's financial assets forecast to fall to $2.1trn by end-2017
Politics & Economics»

GCC's financial assets forecast to fall to $2.1trn by end-2017

Monday, 16 January 2017 1:50 PM

Moody's says subdued growth, challenges to fiscal reforms in Gulf leads to negative outlook for the region

World's eight richest as wealthy as half humanity, Oxfam tells Davos
Politics & Economics»

World's eight richest as wealthy as half humanity, Oxfam tells Davos

Monday, 16 January 2017 12:51 PM

While many workers struggle with stagnating incomes, the wealth of the super-rich has increased by an average of 11 percent a year since 2009

Oman says receives 10 detainees released from Guantanamo
Politics & Economics»

Oman says receives 10 detainees released from Guantanamo

Monday, 16 January 2017 11:32 AM

Foreign ministry said 10 people arrived in the Sultanate of Oman for a temporary residency

Saudi Arabia to spend $32bn on housing for citizens
Politics & Economics»

Saudi Arabia to spend $32bn on housing for citizens

Monday, 16 January 2017 10:15 AM

Phase one of ‘My House’ program will see 120,000 housing units handed over to citizens

Iran says it will not renegotiate nuclear deal
Politics & Economics»

Iran says it will not renegotiate nuclear deal

Monday, 16 January 2017 9:22 AM

Trump has threatened to either scrap the agreement or seek a better deal


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Abu Dhabi merger to create $175bn banking heavyweight

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State investment funds Abu Dhabi Investment Council and Mubadala will hold 33.2 percent and...

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Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

Prime Minister says that he is confident economic cooperation between Qatar and the UK can...

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