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US Aircraft Carrier in the Arabian Sea
July 16th, 2026 - 06:46 GMT
P. Choiaqo

P. Choiaqo

Saudi Arabia to buy $2 billion worth of weapons from the US

ALBAWABA - The sale of an estimated $1.96 billion worth of weapons focused on air defenses to Saudi Arabia has been approved, according to the U.S. State Department. The weapons sought by the Kingdom of Saudi Arabia are around 20,000 Advanced Precision Kill Weapon Systems and its warheads which are described as "an inexpensive way to destroy targets while limiting collateral damage in close combat.” According to the U.S. Navy ...
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New Talks to End Trade War Between US, China. (Shutterstock)
February 22nd, 2019 - 08:54 GMT

New Talks to End Trade War Between US, China

Dubai and New Zealand have initiated an electronic exchange of export certificate process. (Shutterstock)
February 22nd, 2019 - 08:48 GMT

UAE, New Zealand Launch New Electronic Processes

Qatar recently introduced a new taxation law. (Shutterstock)
February 22nd, 2019 - 07:50 GMT

Qatar’s Business Sector Ready for New Tax Laws

The volume of non-oil trade between the two countries in 2017 was recorded at AED36bn, a growth rate of 12.4 per cent over the year 2016. (Shutterstock)
February 21st, 2019 - 12:05 GMT

Oman, UAE to Develop Investment Opportunities

The VAT would also apply to other ride apps such as Careem. (Shutterstock)
February 21st, 2019 - 11:46 GMT

Uber Responds to Egypt’s VAT Law

P&G aims to spend $100 million on deliberately working with Women-Owned Businesses in IMEA with a $30 million commitment to India. (Shutterstock)
February 21st, 2019 - 11:28 GMT

P&G Commits to Gender Equality Across the IMEA Region

On January 31, the UK, Germany and France (the European Union signatories of the nuclear deal) launched a special purpose vehicle (SPV), dubbed the Instrument in Support of Trade Exchanges (INSTEX). (Shutterstock)
February 21st, 2019 - 11:05 GMT

INSTEX to Open up New Opportunities Between Iran, Russia

The authority said the news reports circulating online were inaccurate and misconstrued. (Shutterstock)
February 21st, 2019 - 10:44 GMT

UAE Dismisses Online Reports About Easing Qatari Shipping Ban

Several leading banks have cut the interest rates on deposits by an average of 2 percentage points while others were in the process of doing the same. (Shutterstock)
February 21st, 2019 - 10:29 GMT

Lebanese Banks Mull Reducing Interest Rates on Deposits

India is a top investment priority for Saudi Arabia. (Shutterstock)
February 21st, 2019 - 10:04 GMT

World's Biggest Oil Company Eyes Investments in India’s Reliance Industries

Financial backing from Saudi Arabia’s Public Investment Fund (PIF), announced last year, will allow Lucid to proceed with the development of the all-electric sedan, as well as fund the $240 million cost of building the first phase of its factory in the US. (Arab News)
February 21st, 2019 - 08:52 GMT

Tesla Rival Lucid Motors Mulls Building Factory in Saudi Arabia

Indian Prime Minister Narendra Modi shakes hands with Saudi Crown Prince Mohammed bin Salman prior to a meeting at Hyderabad House in New Delhi on February 20, 2019. (AFP)
February 21st, 2019 - 08:23 GMT

Saudi Investment in India to Reach $100 Billion Within Two Years

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