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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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Developing economic relations and increasing exports to neighboring countries are on the ministry’s priority agenda this year. 
May 22nd, 2019 - 09:56 GMT

Iran Seeks Salvation Through Boosting Trade Ties With Neighbors

People were seen rushing to gas stations Monday as worries of nationwide gas shortages grew.
May 22nd, 2019 - 08:26 GMT

Fuel Deliveries Resume in Lebanon After Customs Suspends Strike

Investors will be able to plan long-term strategies for their businesses and invest more in existing businesses.
May 22nd, 2019 - 07:40 GMT

How the UAE’s 'Golden Card' Will Nourish the Economy

Increasing taxes was another possibility that the Cabinet should consider if it wanted to increase revenues in 2019.
May 22nd, 2019 - 07:19 GMT

How Cutting Salaries, Ending Tax Evasion Will Rein Deficit in Lebanon

It is easier to be a young female Turkish politician in the U.K. than being one in the EU.
May 22nd, 2019 - 07:09 GMT

Brexit to Enhance Trade Between Turkey and UK

The debt issuance was dominated by Qatari and Saudi sovereigns and quasi-sovereigns comprising over $29 billion. 
May 22nd, 2019 - 06:12 GMT

GCC Debt Issuance Soars to $32 Billion in Q1 2019

Dubai offers an average monthly salary estimated at Dh10,488 ($2,856) to employees in 2019.
May 22nd, 2019 - 05:41 GMT

Dubai Listed Among World's Top 20 Cities for High Salaries

The permanent residence 'Gold Card' will be given to distinguished individuals, exceptional talents and anyone who contributes positively to UAE's success story.
May 21st, 2019 - 09:45 GMT

New Permanent Residency Scheme Announced in UAE

Bahrain will spend BD675.48m on projects this year and BD676.08m next year.
May 21st, 2019 - 09:19 GMT

What's the Fate of 66 Projects in Bahrain?

Taiwan can take advantage of the trade war between Beijing and Washington to further ease its economic dependence on China
May 21st, 2019 - 08:10 GMT

Taiwan Sees the Full Half of the Glass When It Comes to US-China Trade War

The series of Cabinet sessions on the budget have been accompanied by pressure exerted by public sector employees and military veterans.
May 21st, 2019 - 07:14 GMT

Lebanon's Austerity Plan Aims to Cut Deficit to 7.6 Percent of GDP

General Motors has also undertaken job cuts over the last year for similar reasons
May 21st, 2019 - 05:48 GMT

Ford to Layoff 10 Percent of Its Employees

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