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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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Contractors engaged on the 2022 FIFA World Cup projects have agreed to reimburse more than QR52.5 million to thousands of workers who paid recruitment fees prior to moving to Qatar. (Shutterstock)
October 22nd, 2018 - 07:04 GMT

Qatar's World Cup 2022 Contractors Provide Workers With $14.4 Million to Pay off Recruitment Fees

Qatar reported a fiscal surplus of QR1.04 billion in the first quarter of 2018 after posting fiscal deficit of QR35 billion in 2017. (Shutterstock)
October 22nd, 2018 - 06:58 GMT

Qatar's Budget to See Surplus in 2018, 2019

Iran, Russia, India Alliance to Forge Strong Economic Ties Ahead of US Sanctions. (Shutterstock)
October 22nd, 2018 - 06:46 GMT

Iran, Russia, India Alliance to Forge Strong Economic Ties Ahead of US Sanctions

The fishermen were shocked when they were prevented from fishing in the Kuwaiti waters which was helping them in covering their expenses. (Shutterstock)
October 22nd, 2018 - 06:41 GMT

Ban on Shrimp Fishing in Kuwait Forces 70 Percent of Egyptians to Leave Country for Good

The statistics show that 1,038 properties were purchased by GCC nationals in August 2018. (Shutterstock)
October 22nd, 2018 - 06:31 GMT

This Country Is the Preferred Choice for GCC Citizens Property Investments, and Its Neither Dubai nor Lebanon

The Saudi index closed up 0.2 percent on Sunday after falling as much as 3.5 percent earlier in the session. (AFP)
October 22nd, 2018 - 06:25 GMT

Foreigners Sell $1.1 Billion of Saudi Stocks as Khashoggi Death Spooks Investors

So far $8 billion has reached Egyptian coffers. (Shutterstock)
October 22nd, 2018 - 06:05 GMT

Egypt's Economy Is Improving, but IMF Obligations Remain

“Lebanon has a lot of assets. It has properties. It owns all its public facilities and should expect big incomes estimated at more than $300 billion from oil and gas. (Shutterstock)
October 22nd, 2018 - 05:59 GMT

Private Sector Could Save Lebanon's Economy, but Politics Should Pitch In

During the signing ceremony
October 21st, 2018 - 12:01 GMT

DED Forms Partnership With BooleanLAb to Strengthen Market Supervision and Inspection

During the trade mission, delegates made a number of site visits to prestigious French institutions and innovation centres.
October 21st, 2018 - 11:26 GMT

Dubai Chamber-Led Delegation Participates in Second UAE-France Economic Forum

His Excellency Khalid Ali Al Bustani, Director General of the FTA
October 21st, 2018 - 08:05 GMT

UAE Federal Tax Authority Announces Positive Results For First Year of Excise Tax Implementation

In a statement on Friday, Ghasemi expressed satisfaction that a majority of FATF members were not influenced by political pressure of the US. (Shutterstock)
October 21st, 2018 - 07:50 GMT

Iran Hails FATF’s Deadline Extension

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