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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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Irfan Tansel, Al Masaood Automobiles CEO
September 11th, 2018 - 09:09 GMT

Al Masaood Automobiles Bags a Hat-Trick of Principle Awards for Its Outstanding Performances

The health sector in Saudi Arabia is the largest among all Middle Eastern countries. (Shutterstock)
September 11th, 2018 - 08:54 GMT

Saudi Health Sector Expenditure at $40 Billion, Largest in the Middle East

Iran’s Oil Revenues Rise up to $9.9 Billion. (Shutterstock)
September 11th, 2018 - 08:50 GMT

Iran’s Oil Revenues Rise up to $9.9 Billion

The new cities are planned in Cairo, Giza, Dakahlia, Beheira, Port Said, Matrouh, North Sinai, Beni Suef, Minya, Assiut, Qena, Luxor and Aswan. (Shutterstock)
September 11th, 2018 - 08:15 GMT

Egypt 20 New Cities to Accommodate 30 Million

Egypt and the United States signed a $65 million grant to support infrastructure in the country. (Shutterstock)
September 11th, 2018 - 08:10 GMT

US Grants $65 Million to Egypt for Infrastructure Support

Lebanon’s gross public debt rose by 4.3 percent to $82.95 billion in the first six months of 2018. (File/ Photo)
September 11th, 2018 - 07:56 GMT

Lebanon’s Chronic Public Debt Hits $83 Billion

Iran’s liquidity stood at 16.02 quadrillion rials. (Shutterstock)
September 11th, 2018 - 07:50 GMT

Iran's Liquidity Above $381 Billion, up by 20.1 Percent

Despite the moderate slowdown in consumption and investment, the economic growth in the second quarter continued with domestic demand. (Shutterstock)
September 11th, 2018 - 07:44 GMT

Despite Inflation Struggle, Turkey's Economy up by 5.2 Percent

The proposed merger, pending approvals by the banks' boards of directors, shareholders and regulators, would be credit positive for UAE banks. (Shutterstock)
September 11th, 2018 - 07:32 GMT

UAE Banks' Three-Way Merger a Boon for Banking System

Indian economy is expected to attract large-scale investment from the GCC to India. (Shutterstock)
September 11th, 2018 - 07:21 GMT

India’s Booming Economy Fuels GCC Investment Appetite

The Omanization drive is part of a government’s push to recruit more of its citizens. (Shutterstock)
September 11th, 2018 - 06:50 GMT

More Than 27,000 Illegal Expats Detained in Oman in 2017

The UAE maritime industry has been seeking exemption from VAT in line with the global practice as many countries relieved the industry from the taxation. (Shutterstock)
September 11th, 2018 - 06:46 GMT

After Gold, UAE Mulls This Sector for VAT Exemption

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