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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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From left, Ms Almoayyed, Ms Al Shirawi, Ms Al Hashemi, Shaikha Hessa, and Ms Karzoon. (GDN)
September 20th, 2018 - 05:21 GMT

These Are the 5 Bahraini Women on Forbes Power List

The number of millionaires in the UAE with assets between $1 million and $30 million reached 46,998 while ultra-high net worth individuals with assets of $30 million-plus reached 1,380 last year. (Shutterstock)
September 20th, 2018 - 05:02 GMT

Report: UAE a Haven for HNWI's

Iran is a very important member of OPEC. (Shutterstock)
September 19th, 2018 - 09:37 GMT

OPEC Reaffirms Iran's Membership Ahead of US Sanctions

The country has the third-highest debt rate in the world compared with gross domestic product, currently standing at about $81 billion, or 152 percent of the country’s GDP. (Shutterstock)
September 19th, 2018 - 09:26 GMT

No New Taxes to Fix Lebanon's Economic Meltdown

Kuwait and Tunisia signed an investment protocol in 2010. (Shutterstock)
September 19th, 2018 - 09:11 GMT

Kuwait, Tunis to Expand on Economic and Trade Relations

Qatari businessmen are keen to explore investment opportunities available in Ivory Coast in the fields of agriculture, mining, tourism and real estate. (Shutterstock)
September 19th, 2018 - 08:34 GMT

Ivory Coast Investment Opportunities Lure Qatari Businessmen

The three countries could set up a "Special Purpose Vehicle" . (Shutterstock)
September 19th, 2018 - 08:24 GMT

EU to Set up an SPV to Facilitate Iran's Global Commerce

Egypt is Africa's strongest and most investible economy. (Shutterstock)
September 19th, 2018 - 07:32 GMT

Egypt Reigns as Africa’s Strongest Investible Economies

The initiative may encourage investment in purpose-built accommodation for older generations. (Shutterstock)
September 19th, 2018 - 06:57 GMT

UAE Real Estate to Benefit From New Retiree Visa Law

Crude is averaging about $72 a barrel this year, and the International Energy Agency warned last week that prices could rise above $80. (Shutterstock)
September 19th, 2018 - 06:53 GMT

OPEC, Non-OPEC Countries to Finalize Permanent Framework Ahead of US Sanctions

The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year. (Shutterstock)
September 18th, 2018 - 09:59 GMT

Iran-Iraq Trade Grows 30 Percent to More Than $12 Billion

The country's budget revenues totaled 485.7 billion Turkish liras ($109 billion) in the first eight months of this year. (Shutterstock)
September 18th, 2018 - 09:54 GMT

Turkey Hits $11.4 Billion Budget Deficit Between Jan-Aug 2018

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