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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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A message from the Saudis: If we buy our arms from you, we also buy your silence. (AFP)
August 26th, 2018 - 10:41 GMT

Opinion: The Repercussions of the Saudi-Canada Row on Mohamed Bin Salman

Musk met with the electric car and solar panel company's board on Thursday to tell them he thought the company should stay public and the board agreed, according to the statement. (Shutterstock)
August 26th, 2018 - 10:22 GMT

Musk Calls Off Private Deal, Tesla Remains on Public Stock Exchanges

5% VAT is expected to produce revenues of over $25 billion per annum for the six GCC countries. (Shutterstock)
August 26th, 2018 - 10:15 GMT

Bahrain to Implement VAT in 2019

A customs report said in June that Iran had exported 216.585 tons of goods worth $47.666 million to Qatar during the first two months of the current Iranian year (March 21, 2018-May 21, 2018), showing a considerable growth in terms of value. (Shutterstock)
August 26th, 2018 - 09:48 GMT

Qatar to Increase Maritime Shipping, Trade With Iran

Turkey's Industry and Technology Minister Mustafa Varank (2nd R) attends G20 Digital Economy Ministerial Meeting in Salta, Argentina on August 24, 2018. (AA)
August 26th, 2018 - 09:22 GMT

Turkey Mulls Digital Economy to Avoid Political Interventions

There are 11,851 Kuwaiti citizens registered under CSC in the waiting list for employment. (Shutterstock)
August 23rd, 2018 - 06:00 GMT

Almost 12,000 Kuwaiti Citizens on Waiting List for Employment

The company will offer crypto custodial services and an exchange platform accessing large-scale global liquidity. (Shutterstock)
August 23rd, 2018 - 05:00 GMT

Crypto-Asset Business Firm to Open in UAE

The pricing of ancillary services such as brokerage, maintenance, car parking, facility management and property management may increase as such services will be subject to VAT. (Shutterstock)
August 22nd, 2018 - 06:00 GMT

VAT to Attract More Global Investors in UAE

There has been a great demand from citizens and residents for food, sweets and gifts for Eid Al Adha. (Shutterstock)
August 22nd, 2018 - 03:40 GMT

Online Home Businesses Receive Bulk Orders for Eid Al Adha in Qatar

Investor confidence in Dubai as a competitive global hub, and in its business development potential, remained robust through the month of July. (Shutterstock)
August 21st, 2018 - 06:36 GMT

Investor Confidence in Dubai Remains Positive in July

There are problems and challenges facing Bahrain in economic affairs. It is not a private Bahraini case, and there are wise people inside Bahrain who are capable of solving it because it is not the first challenge they face. (Shutterstock)
August 20th, 2018 - 09:48 GMT

Is Bahrain's Economy in Crisis or Is It Just Fake News?

Though the US has limited exposure to Turkey, the recent volatility was spread to other parts of the world, especially emerging markets, and could heighten worries on US trade relations with major partners. (Shutterstock)
August 20th, 2018 - 09:30 GMT

How Turkey's Turmoil Is Impacting the Currency Market

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