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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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Kuwait is opening up two 280,000-sq-m artificial islands
May 15th, 2019 - 11:31 GMT

Kuwait Opens up 2 Artificial Islands for Investment

The loan is linked to a matrix of prior actions.
May 15th, 2019 - 09:40 GMT

Japan Starts Disbursement of $300 Million Loan to Jordan

Tariffs on the device's Chinese-made batteries and other components would increase its manufacturing cost by 2 per cent to 3 per cent.
May 15th, 2019 - 09:02 GMT

US-China Trade War to Affect iPhones' Prices

Iran committed itself to exporting gas to the Iraqi capital Baghdad and the southern Iraqi city of Basra.
May 15th, 2019 - 08:11 GMT

Iran to Increase Gas Export to Iraq, Extend Gas Deal With Turkey

The government bonds will be settled on Wednesday and mature on April 21, 2021.
May 15th, 2019 - 08:02 GMT

Turkish Treasury Borrows Over $1 Billion Through Auctions

The deal was signed on the sidelines of the seventh session of the high Kuwaiti-Iraqi committee.
May 15th, 2019 - 07:53 GMT

Kuwait, Iraq Ink Deal to Prevent Double Taxation

State departments seem to be continuing the replacement policy in various fields, hiring more Kuwaiti advisors specialized in IT systems to replace expats.
May 15th, 2019 - 07:40 GMT

Kuwait Forces Companies to Hire National Auditors in an Attempt to Create Nearly 16,000 Jobs

It is different from the existing iqama system, because residents would not require a Saudi sponsor or employe.
May 15th, 2019 - 07:04 GMT

No More 'Kafeel' for Expats in Saudi Arabia

Real estate stocks should have a relief rally as a lot of negativity is already priced into the stocks.
May 15th, 2019 - 06:18 GMT

Dubai Equities Recover Strongly After Persistent Decline Over the Previous Period

The Capital Market Authority has suspended a ten per cent tax on dividend income
May 14th, 2019 - 09:00 GMT

Oman Suspends 10 Percent Tax to Boost Foreign Investments

A Palestinian worker checks a truck carrying United Nations Relief and Work Agency (UNRWA) aid supplies that arrived through the Kerem Shalom crossing in the southern Gaza Strip city of Rafah on May 12, 2019. Israel reopened its crossings with the blockaded Gaza Strip after closing them during a deadly escalation earlier this month, an official said, as a fragile truce held.
May 14th, 2019 - 12:10 GMT

UNRWA: Over 1 Million Palestinians in Gaza Rely on Food Aid

In the US administration, hawks are pushing for war.
May 14th, 2019 - 12:06 GMT

This Is the Only Solution to Get Past US-Iran Brinkmanship in the Gulf

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