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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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If the raft of memorandums of understanding bear fruit, they could boost trade from the current $12 billion to $20 billion annually. (File/Photo)
March 24th, 2019 - 10:36 GMT

US-Iran Relations to Hamper Iraq's 'Silk Road' Success

Huawei has repeatedly denied that it shares information with the Chinese government or that its technology is compromised. (Shutterstock)
March 24th, 2019 - 09:44 GMT

EU to Reject Ban on Huawei Despite US Warnings

Since the campaign began in November 2017, there have been 2,827,564 offenders, including 2,204,460 for violating residency regulations, 432,461 for labor violations and 190,643 for border violations. (Shutterstock)
March 24th, 2019 - 09:22 GMT

Over 2 Million Expats Arrested in Saudi Arabia

Apple in January revealed that it took a hit in the “Greater China” region. (Shutterstock)
March 24th, 2019 - 08:39 GMT

Apple’s Cook Urges China to Open up Its Economy

State-owned South Valley Egyptian Petroleum Holding Company has invited bids for ten oil and gas exploration blocks in what it said were Egyptian territorial waters in the Red Sea. (Shutterstock)
March 24th, 2019 - 08:27 GMT

Sudan-Egypt Row Escalates Over Red Sea Oil, Gas Bids

The bank's four additional subsidiaries have also been designated. (Shutterstock)
March 23rd, 2019 - 09:00 GMT

US Sanctions Venezuela's Bank Following Arrest of Guaido's Aide

Saudi Arabia and UAE embrace blockchain despite a crash in coin prices. (Shutterstock)
March 23rd, 2019 - 07:00 GMT

Will the GCC Lead the Digital Currency World?

Many fear, with good reason, that fossil-fuel interests will exploit solar geoengineering to oppose emissions cuts.  (Shutterstock)
March 23rd, 2019 - 06:00 GMT

Geoengineering, a Double-Edged Sword

The strategic food security facilities and warehouses at Hamad Port have capacity to stockpile processed and stored food for 3 million people for two years. (Shutterstock)
March 22nd, 2019 - 06:30 GMT

Qatar Increases Efforts to Achieve Food Security

Finnovex ME 2019 brought together over 300 delegates from eight countries including the UAE, Saudi Arabia, Bahrain, Jordan, Kuwait, Lebanon, Oman and Egypt. (Shutterstock)
March 22nd, 2019 - 06:00 GMT

FinTech Expected to Improve Financial Health of People in GCC

Egypt sought to raise more than EGP100 billion in the budget of 2016-2017. (Shutterstock)
March 21st, 2019 - 11:05 GMT

Egypt Aims to Reach 6.1 Percent GDP, 7.2 Percent Budget Deficit

Small-scale development was evident in the fields of market sophistication, infrastructure, institutions, and business sophistication categories, according to Enterprise.
March 21st, 2019 - 08:46 GMT

Egypt Soars 10 Places in the 2018 Global Innovation Index

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