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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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China now has the world’s largest carbon-trading exchange.
April 11th, 2019 - 09:35 GMT

Will Egypt Follow China's Steps in Green Investing?

According to ministry data, domestic revenues increased to JD1.1161 billion at the end of February of this year.
April 11th, 2019 - 09:25 GMT

Jordan's Public Debt Soars to Over $40 Billion

Among those initiatives is a strategy called “Phoenician Road,” launched Wednesday to promote tourism among the three Mediterranean countries, and cooperation between the Lebanese University and Greek and Cypriot universities.
April 11th, 2019 - 08:30 GMT

Lebanon to Finalize Multiple Cooperation Pacts With Cyprus, Greece

The partnership will align $1 billion in World Bank investments with Generation Unlimited, a new global initiative, currently hosted by Unicef.
April 11th, 2019 - 07:41 GMT

World Bank, Unicef Announce New Commitment to Boost Employment Prospects

The pre-tax income for Saudi Arabia’s re/insurance sector declined roughly 28 per cent to about SR754 million.
April 11th, 2019 - 06:00 GMT

Saudi Insurance Market Profit Drops 28 Percent in 2018

Almost Dh10 billion will be added to Dubai once data is opened and shared from the private sector. (Shutterstock)
April 10th, 2019 - 06:36 GMT

Private Sector's Data to Contribute Over $2.5 Billion to Dubai's Economy

IMF had hiked the UAE's growth forecast for 2018 and 2019 on the back of higher oil prices. (Shutterstock)
April 10th, 2019 - 06:29 GMT

IMF Revises Down UAE's GDP Growth

The remittances sent by overseas Pakistanis increased by12 per cent to $14.35 billion in the first eight months of fiscal year 2018-19. (Shutterstock)
April 9th, 2019 - 10:22 GMT

UAE Provides 200,000 Jobs to Pakistanis Every Year

The World Bank revised its GDP growth estimate for Lebanon to just 0.2 percent from 1 percent in 2018. (Shuttertock)
April 9th, 2019 - 09:09 GMT

World Bank: Lebanon’s GDP Growth to Decline to 0.2 Percent

The performance of various GCC market indices diverged during the month with Saudi Arabian Tadawul index. (AFP)
April 9th, 2019 - 08:49 GMT

Saudi Arabia Market Leads the GCC, Standing at 12.3 Percent

The financial market manipulation violated all norms of accepted conduct and will not be allowed to go unchecked. (Shutterstock)
April 9th, 2019 - 06:47 GMT

Qatar Sues Saudi, UAE Banks Over Manipulation of Qatari Riyal

The Kingdom has been trading its oil in dollars for decades and that has served well its financing and monetary needs. (Shutterstock)
April 9th, 2019 - 06:19 GMT

Saudi Arabia Rejects Non-Dollar Oil Trade

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