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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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The trade surplus in first quarter rose to KD3.4 billion from KD2.3 billion the previous quarter. (Shutterstock)
August 15th, 2018 - 08:30 GMT

Report: Kuwait Current Account Hits $5.58 Billion

Saudi Arabia crown prince Mohammed bin Salman. (AFP)
August 15th, 2018 - 08:25 GMT

Saudi Arabia Gears for a Future Without Oil

U.S. crude inventories unexpectedly rose by 3.7 million barrels in the week to Aug. 10, to 410.8 million barrels. (Shutterstock)
August 15th, 2018 - 08:20 GMT

Oil Prices Fall While U.S. Crude Inventories Rises

Electric automaker Tesla has formed an independent special committee to explore the possibility of becoming a private company. (Shutterstock)
August 15th, 2018 - 08:14 GMT

Tesla Forms Special Committee to Evaluate Privatization

 The value of Dubai Chamber members exports and re-exports to India amounted to Dh3 billion during the first half of 2018. (Shutterstock)
August 15th, 2018 - 07:33 GMT

Dubai to Increase Non-Oil Trade With India to Dh110 Billion

UAE is ranked as the 17th most competitive country globally. (Shutterstock)
August 15th, 2018 - 07:28 GMT

Report: UAE Economy Ranks First as The Most Competitive Economy in MENA

Car sales are one of the important indicators illustrating the state of the Lebanese economy. (Shutterstock)
August 15th, 2018 - 07:24 GMT

Car Sales Fall in Lebanon Due to Economic Slowdown

President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States. (AFP)
August 15th, 2018 - 07:00 GMT

Turkey to Boycott US Electronics in an Attempt to Strengthen Lira

The sharp rise in the price of gold seen in the past few days off the back of the Turkish lira crisis. (Shutterstock)
August 14th, 2018 - 09:18 GMT

Investors Shift to Gold Due to Turkish Lira Plummet

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. (Shutterstock)
August 14th, 2018 - 09:09 GMT

UAE Issues New Decrees Supporting People With Disabilities

Oman recently launched a National Summary Data Page (NSDP), becoming one of the first GCC countries to implement the IMF’s recommendations of e-GDDS. (Shutterstock)
August 14th, 2018 - 08:22 GMT

Oman Leads GCC Countries As It Implements the IMF’s eGDDS Recommendations

The Treasury Undersecretariat reported that 1.72 billion Turkish liras in two-year fixed coupon government bonds were sold in an auction. (Shutterstock)
August 14th, 2018 - 07:55 GMT

Turkish Treasury Borrows $470 Million From Domestic Markets

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