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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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UAE's real GDP to grow 3.1 per cent in 2019 compared to 2.9 per cent estimated for 2018. (Shutterstock)
January 10th, 2019 - 11:25 GMT

UAE's Economy Fastest Growing Amongst GCC in 2019

KSRelief provides health services to all Yemeni people in coordination with the Yemeni Higher Relief Committee. (Shutterstock)
January 10th, 2019 - 10:57 GMT

Saudi Arabia Sings Six Agreements to Boost Humanitarian Aid to Yemen

It is the only free trade zone in Kuwait although the country is located along a long coast with a unique geographical location. (Shutterstock)
January 10th, 2019 - 08:49 GMT

Kuwait Closes Its Only Free Zone, Serving Its Economy a Massive Blow

The new loan will be directed to small and medium enterprises, expecting that the bank would sign the deal by the end of the first half of 2019. (Shutterstock)
January 10th, 2019 - 08:35 GMT

Kuwait to Loan Egypt $30 Million to Support SMEs

The World Bank expects Turkey to post 1.6 percent growth in 2019, 3.0 percent in 2020 and 4.2 percent in 2021. (Shutterstock)
January 10th, 2019 - 08:23 GMT

World Bank: Turkey to Bypass Recession

Iran on Wednesday has "strongly" condemned the Council's "illogical" and "surprising" decision. (Shutterstock)
January 10th, 2019 - 08:13 GMT

EU Imposes Sanctions on Iran Over Assassination Plot

Tunisia has moved up 8 spots to 80th in this report compared to 2018. (Shutterstock)
January 10th, 2019 - 08:07 GMT

Forbes Ranks Tunisia 5th Best Country for Business Amongst African Peers

This loan with a fixed interest rate of 2.5%, will be repaid over 30 years with a five-year grace period. (Shutterstock)
January 10th, 2019 - 08:00 GMT

Tunisia Approves DT400 Million Loan to up Employment and Public Services

Dubai Exports also met with officials from the government and industry as well as business representatives.
January 9th, 2019 - 12:42 GMT

Dubai Exports Promotes Trade With Africa With Mission to Egypt, Ivory Coast and Nigeria

The law allows non-Qatari investors to own a percentage not exceeding 49 percent of the share capital of listed companies. (Shutterstock)
January 9th, 2019 - 11:41 GMT

Foreign Investment Law Aims to Boost the Economy in Qatar

In the 2019 budget, approximately OMR5 billion has been allocated for the education, health, housing and welfare sectors. (Shutterstock)
January 9th, 2019 - 10:46 GMT

39 Percent of Oman's 2019 Budget to Be Allocated for Social Sectors

The MENA region, economic growth is projected to rise to 1.9 percent in 2019. (Shutterstock)
January 9th, 2019 - 09:57 GMT

Global Economic Growth to Drop to 2.9 Percent in 2019

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