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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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US Actions May Destabilize Oil Market. (Shutterstock)
November 6th, 2018 - 08:12 GMT

Russia Says US Actions Undermine Opec+ Efforts

The conference will address the continent’s social, economic and political challenges and the available incentives to promote business in Africa. (WAM)
November 6th, 2018 - 08:07 GMT

‘Africa Investment Conference’ Coming to Dubai

Hotels are increasingly looking out for local talent across operational and functional areas as part of their commitment to Emiratisation. (Shutterstock)
November 6th, 2018 - 08:00 GMT

UAE Hospitality Sector Pivotal in Emiratisation With Booming Hotel Industry

All products and services will remain the same under the FAB Islamic brand. (File/ photo)
November 6th, 2018 - 07:49 GMT

FAB Enters the Islamic Banking Arena

Bahrain has lower costs than any other Gulf Cooperation Council (GCC) country for cross-border internet connectivity, a critical metric for an ICT hub. (Shutterstock)
November 6th, 2018 - 07:44 GMT

Bahrain Leads the GCC's $1.5 Trillion Market in Terms of Doing Business

The impact of the sanctions was felt early on, with their announcement in May driving many companies to abandon Iran, causing the value of its currency to plummet. (Shutterstock)
November 6th, 2018 - 07:27 GMT

US Sanctions on Iran Go Beyond Oil

US top market for Turkish carpet exports, says head of carpet exporters association.
November 6th, 2018 - 07:17 GMT

Turkey Escorts the US on a $500 Million Carpet Ride, as Iran Sanctions Go Live

Iran Positive No One Can Replace Its Oil Output, Despite Saudi and US Claims. (Shutterstock)
November 6th, 2018 - 07:05 GMT

Iran Positive No One Can Replace Its Oil Output, Despite Saudi and US Claims

After the introduction of VAT in a country, businesses discover that their entire business ecosystem are also part of their business. (Shutterstock)
November 5th, 2018 - 08:55 GMT

What to Look out for When VAT in Bahrain Is Implemented

Boost to oil and gas output to help firm become self-sufficient. (File/ photo)
November 5th, 2018 - 08:43 GMT

UAE's ADNOC to Increase Oil Output Thanks to Dh486 Billion Government Back-Up

The financing is the largest project financing and the largest Shari'ah-compliant facility for a green field project in Oman. (Shuterstock)
November 5th, 2018 - 08:36 GMT

Oman’s Duqm Refinery Gets $4.6 Billion Project Financing

The bigger chunk of the increase, $13.2 billion, is the result of an increase in debt-servicing costs over the past year, including paid installments of $11.1 billion and interest payments of $2.1 billion. (Shutterstock)
November 5th, 2018 - 08:30 GMT

Egypt's Foreign Debt to Reach $98.863 Billion by End of Fiscal Year

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