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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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Lebanon’s public debt burden, equivalent to about 150% of GDP, is one of the heaviest in the world.
June 25th, 2019 - 08:30 GMT

IMF: Lebanon Should Approve State Budget ASAP

The plant will come online by 2025 and increase Qatar's polyethylene output capacity by 82 percent.
June 25th, 2019 - 08:00 GMT

Qatar Helps Pakistan With $3 Billion Bailout Package

The improved growth will be driven by spending related to Expo 2020
June 25th, 2019 - 07:04 GMT

Dubai’s Economic Growth to Hit 3.7 Percent in 2020

The United States Fashion Industry Association (USFIA) also thinks that there no other viable alternative to Chinese suppliers for now.
June 25th, 2019 - 07:00 GMT

New Levies on Chinese Imports to Cost Americans $18 Billion a Year

It said the average salary of expatriates working in both sectors was SR3,872 — SR3,980 for men and SR2,900 for women.
June 24th, 2019 - 12:00 GMT

Private Sector Companies in Saudi Arabia Pay 59% Less for Same Job in Public Sector

Facebook is unfortunately in the middle of a bad political decision-making process that Congress needs to address.
June 24th, 2019 - 11:30 GMT

The Difficulties Cannabis Related Companies Face on Social Media

The deflationary momentum began in Saudi Arabia and the UAE because the introduction of value-added tax (VAT) in 2018 created a high base for comparison.
June 24th, 2019 - 11:00 GMT

Deflation Continues to Rise in GCC as Consumer Prices Record Steepest Fall

The platform will help the FIU prevent money laundering, financing of terrorism and other illicit financial activities.
June 24th, 2019 - 10:00 GMT

UAE Launches First New Anti-Money Laundering Platform in GCC

The inflation rate stood at 9.8 percent in that year according to the Statistical Center of Iran and at nine percent according to the Central Bank of Iran (CBI).
June 24th, 2019 - 09:30 GMT

Inflation Rate Increases 3.4 Percent in Iran Hitting 37.6 Percent

The IMF stressed that reducing the country’s “external imbalances” depends on reaching a “market-determined exchange rate.”
June 24th, 2019 - 09:00 GMT

Tunisia Secures Part of IMF Loan but Debt Worries Rise

Iran exported some $24.06 billion worth of non-oil commodities to 15 neighboring and nearby countries last year ending March 20, 2019.  
June 24th, 2019 - 08:07 GMT

Iran to Export $32 Billion Worth of Goods, Services to 15 Neighbouring Countries

Economic performance forecast to gain momentum on the back of rising general expenditure at the federal and local levels of every emirate
June 24th, 2019 - 07:00 GMT

UAE GDP to Grow by 2 Percent in 2019

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