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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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Abraaj chief had issued the cheque to Jafar which was bounced due to lack of funds in the account. (AFP)
August 28th, 2018 - 12:34 GMT

Abraaj Group Founder Reaches Settlement, Criminal Case Withdrawn

Foreign Affairs Minister Chrystia Freeland, speaking in Berlin to the annual meeting of German ambassadors, set off a firestorm when she tweeted earlier this month for Saudi Arabia to “immediately release” jailed human rights activists. (Shutterstock)
August 28th, 2018 - 10:15 GMT

Canada Seeks Germany's Support to Resolve Saudi Dispute

Lebanon’s GDP growth to slow to 1.7 percent in 2018 due to political instability. (Shutterstock)
August 28th, 2018 - 10:14 GMT

GDP Growth to Drop in 2018 Due to Political Instability in Lebanon


The seven sovereigns rated by S&P Global Ratings have liquid government assets totaling more than 100% of GDP; notably, three are members of the Gulf Cooperation Council. (SG)
August 28th, 2018 - 09:56 GMT

3 GCC Countries With Liquid Assets Over 100% of GDP

Tesla’s shares, already down nearly 10 percent from their level on 7th August, just before Musk tweeted that he had “funding secured” for a buyout at $420 a share, fell 5 percent in trading in Germany to $263.50. (Shutterstock)
August 28th, 2018 - 09:40 GMT

Tesla Shares Plunge After Musk Calls off Private Deal

Mutee’s reported escape triggered public outrage over the summer, amid assertions by the government to bring to justice all involved in the headline-grabbing case. (Shutterstock)
August 28th, 2018 - 08:48 GMT

Interpol Issues Notice Against Jordan's 'Tobacco Man'

Service providers like Careem or Uber have witnessed a rising success in Jordan. (Shutterstock)
August 28th, 2018 - 08:44 GMT

Entrepreneurs' Stand on 'Sharing Economy' in Jordan

The top Iranian diplomat said Tehran would cooperate with Ankara to put off wildfire in the Iraqi part of Hour al-Azim wetland. (Shutterstock)
August 27th, 2018 - 10:55 GMT

Iran Honours Relations With Turkey

The Turkish lira has lost nearly half of its value over the last 12 months. (Shutterstock)
August 27th, 2018 - 10:46 GMT

The Economical Ramifications of Erdogan's Dictatorship

The exchange will support the cryptocurrency trading pairs of Bitcoin and Ethereum Classic. (Shutterstock)
August 27th, 2018 - 10:40 GMT

World’s First Shariah-Compliant Crypto Exchange to Be Launched in UAE

The loan which was increased from an initial guide size of $6 billion to $8 billion, comes after the Kingdom postponed Aramco’s initial public offering. (Shutterstock)
August 27th, 2018 - 10:13 GMT

Saudi Arabia Public Investment Fund Raises $11 Billion Loan

Arif Naqvi, the founder of Abraaj Group. (AFP)
August 27th, 2018 - 09:58 GMT

Abraaj Group Founder to Face Court on August 28

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