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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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The renewed talks were accompanied by little fanfare, but some hoped the low-key gathering might inspire signs of progress.
August 1st, 2019 - 11:30 GMT

Shanghai Witnesses Signs of Trade Progress Between US, China

Aside from short-term volatility, there’s been a muted response in terms of the movement of crude oil prices.
August 1st, 2019 - 09:00 GMT

What Threatens the Shipping Industry in Strait of Hormuz

it was down by 1% in the first half of the year due to a relatively strong performance in the first quarter of 2018.
August 1st, 2019 - 05:59 GMT

Global Gold Mine Production Hikes 7% in the First Quarter of the Year

The finance, insurance, real estate and business services segment supported the non-oil sector expansion in Q1 2019.
July 31st, 2019 - 01:00 GMT

Saudi Economy Expands at Slower Pace in Q1 Due to Muted Growth in the Oil Sector

CBI has vowed to put every effort into action to make the redenomination of the rial, which currently stands at around 120,000 to the US dollar. (Shutterstock)
July 31st, 2019 - 12:00 GMT

Iran to Remove Four Zeros off National Currency

The total losses of the Syrian economy amounted to about $226 billion.
July 31st, 2019 - 11:30 GMT

Syrians Demand Higher Salaries as Poverty Rises

Trump's remarks will do little to ease the already tense relationship between Washington and Beijing.
July 31st, 2019 - 09:30 GMT

Asian Stocks Plummet Amid US-China Trade Talks Kick Off

The firm seeks to invest $600 million in Yarimca Harbor, to focus on increasing exports from Turkey.
July 31st, 2019 - 09:00 GMT

New Rail Line Connects Turkish Port With China and UK

In Istanbul on Tuesday, the firms signed an agreement for a new technology transfer and local production project.
July 31st, 2019 - 08:30 GMT

Health Firms’ Deal to Bring $89.5 Million Added Value to Turkey

Iraqi economic expert Bassem Jamil Antoun doubted that the agreement could be implemented given the US sanctions imposed on Iran.
July 30th, 2019 - 12:30 GMT

Iraq, Iran Sign MoC to Establish Investment Funds

The third phosphate project, which will total about $6.4 billion will make Saudi Arabia the second world’s largest producer of phosphate
July 30th, 2019 - 12:00 GMT

Saudi Arabia to Become 2nd Largest Global Phosphate Producer

Since February 2008, over €2.5 billion have been disbursed through the PEGASE Direct Financial Support programmes.
July 30th, 2019 - 09:30 GMT

EU Contributes €14.9 Million to Palestinian Hospitals

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