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Economy and Policy

Economy and Policy latest

Hassan Nasrallah's Hezbollah
November 9th, 2025 - 07:10 GMT
Al Bawaba Staff

Al Bawaba Staff

Iran finances Hezbollah with $1 billion despite US sanctions

ALBAWABA - The United States said that the Iranian government financed Hezbollah with about $1 billion during 2025 despite the sanctions imposed by America and its allies. John Hurley, the Undersecretary of the Treasury for Terrorism and Financial Intelligence (TFI), said in an interview on Friday that Iran was able to send around $1 billion to Hezbollah in 2025. The U.S. has adopted a "maximum pressure" campaign on Tehran in ...
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The cut in interest rates will reduce borrowing cost for personal loans, auto loans and home loans etc.
October 31st, 2019 - 07:10 GMT

UAE, Kuwait, Bahrain and Saudi Arabia Cut Interest Rates Following US Fed Decision

The Fed lowered its short-term lending rate to between 1.5% and 1.75% from 1.75% to 2%, citing a "moderate rate" of economic growth.
October 31st, 2019 - 06:59 GMT

US: Fed Reserve Lowers Interest Rates for a Third Time This Year

Central Bank Governor Riad Salameh governor once again ruled out a break in the long-standing peg on Monday, saying the government had the means to maintain it.
October 31st, 2019 - 06:42 GMT

How Would Breaking Lebanon's FX Peg Affect the Deteriorating Economy?

India and Saudi Arabia have traditionally enjoyed close and friendly relations.
October 30th, 2019 - 07:16 GMT

Saudi Arabia Makes Big Investments in India's Gas,Oil Projects

The estimated budget allocation to social development and social benefits programmes amount to Dh26.7 billion, or 38 per cent of the total budget.
October 30th, 2019 - 07:05 GMT

UAE Approves Zero-Deficit Budget of $16.7 Billion for 2020

Egypt is targeting 6 percent GDP growth in the 2019/20 fiscal year that began on July 1.
October 30th, 2019 - 06:34 GMT

Egypt's GDP Grows 5.6 Percent in Q3

FDI flows from Kuwait came on top, in absolute terms, with an additional BD45.2 million flowing into the Kingdom during the second quarter.
October 29th, 2019 - 11:07 GMT

Bahrain FDI Hits $28.7 Billion in Q2

The region has in recent years experienced a surge in portfolio and bank flows which, in many countries, helped finance external and fiscal deficits.
October 29th, 2019 - 10:53 GMT

IMF Calls for Structural Reforms in the Region to Promote Jobs Growth

Iran economy contracted 4.8 per cent last year and it will slip deeper into the recession this year.
October 29th, 2019 - 10:26 GMT

IMF: Iran to See Zero Growth in 2020

The former Nissan chairman holds Lebanese nationality. He is awaiting trial in Japan on charges of financial misconduct, which he denies.
October 29th, 2019 - 09:49 GMT

Japan Tax Authorities Uncovers Records of Ghosn Using Nissan Money for Private Use

There's still an awful lot of discrepancy and uncertainty in the markets as to what the Fed will do next year
October 29th, 2019 - 09:00 GMT

US Dollar Slips on Trade Optimism

The IMF had earlier revised down growth forecast for 2019 to 1.6 per cent from its previous forecast of 2.8 per cent.
October 28th, 2019 - 09:45 GMT

IMF: UAE GDP Projected to Grow at 2.5 Percent Due to Non-Oil Sector

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