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Economy and Policy

Economy and Policy latest

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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In May, the current account posted a $151 million surplus, versus a $6.17 billion deficit in the same month last year.
August 8th, 2019 - 08:00 GMT

$376 Million Turkey’s Current Account Deficit Balance in June

Oman’s gas production over the three years before that had hovered close to the 1.5 million cubic feet mark, but never crossed it.
August 8th, 2019 - 07:30 GMT

Natural Gas Production Crossed 1.5 Million Cubic Feet in 2018 in Oman

The government also remains committed to the Aramco IPO, which is expected to take place between 2020 and early 2021.
August 8th, 2019 - 05:44 GMT

Saudi Arabia Leads Region IPO Activity

The Iranian and Iraqi delegations also agreed to gear up the efforts to help investors engage in joint projects in the two neighboring countries.
August 7th, 2019 - 01:00 GMT

Iran, Iraq Sign MoU to Boost Trades Between Countries

The projects include the restoration of damaged houses and school buildings, as well as the establishment of a hospital for women and children.
August 7th, 2019 - 11:30 GMT

UAE to Fund $9.8 Million Projects in Comoros

The bankruptcy filing represents a significant fall for a nearly century-old luxury retailer that attracted cutting-edge fashion designers, celebrities and bestowed an aura of chic among its shoppers.
August 7th, 2019 - 10:00 GMT

US Retail Tycoon Barneys Files for Bankruptcy

Bahrain expected the budget deficit to fall from 6.2 percent of GDP in 2018 to 3.4 percent in 2019 and then to 2.1 percent in 2020.
August 7th, 2019 - 06:30 GMT

Bahrain’s Budget Deficit Down to $1.07 Billion

Saudi women participation is estimated at around 20 percent compared to 63 percent for men.
August 6th, 2019 - 01:30 GMT

Women to Retire at Age of 60 in Saudi Arabia

The Indian rupee registered a three-month low following the slide in yaun
August 6th, 2019 - 10:30 GMT

Indian Rupee Suffers Biggest One-Day Fall in Six Years

The new import duties will be on top of 25% tariffs the U.S. already imposed on $250 billion worth of Chinese goods.
August 6th, 2019 - 10:00 GMT

US Accuses China of Being a 'Currency Manipulator'

The Trump administration has been focusing on economic and diplomatic measures against Maduro
August 6th, 2019 - 09:00 GMT

Trump Freezes All Venezuelan Government 's Assets in US

The report said China, Iraq, Turkey, the United Arab Emirates and Afghanistan were the top importers of Iran’s goods and services in the second quarterly period.
August 6th, 2019 - 08:00 GMT

Iran Posts Trade Surplus of $1.5 Billion in Q2 Despite US Sanctions

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