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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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Every week 60per cent of the UAE employees are working at least one day a week somewhere other than the office. (Shutterstock)
June 3rd, 2018 - 09:22 GMT

60 Percent of UAE Workforce Skip Office to Work Elsewhere

This cooperation is aimed at providing balance and stability on the global oil market, the declaration said. (Shutterstock)
June 3rd, 2018 - 08:37 GMT

UAE Signs Partnership Deal With Russia for Oil Markets Stability

King Abdullah II underlined the need for all state institutions to rationalize spending and balance taxes against the quality of services provided to citizens. (AFP)
June 3rd, 2018 - 08:25 GMT

King Abdullah II Suggests New Income Tax Law in Jordan

23.7 percent of applicants sold some of their own properties to apply for a second citizenship. (Shutterstock)
June 3rd, 2018 - 08:19 GMT

Why UAE Expats Are Going for Second Passport

Recruitment experts say expatriate employment in UAE has yet to bounce back after more than three years of weak oil prices. (Shutterstock)
May 31st, 2018 - 09:14 GMT

UAE Jobs Market Still ’Less Buoyant’ Than 5 Years Ago

The campaign seeks to increase public awareness of the dangers of tobacco use. (shutterstock)
May 31st, 2018 - 09:01 GMT

Saudi Arabia to Join WHO in Anti-Smoking Campaign

Despite the drop in imports, Iran retained its share in the Turkish market. (Shutterstock)
May 31st, 2018 - 08:57 GMT

Iran Remained Turkey's Biggest Crude Oil Exporter

The retail sales of gold and diamonds are still fully subject to VAT at five per cent. (Shutterstock)
May 31st, 2018 - 06:48 GMT

FTA Clarifies VAT on Gold, Diamond Deals in UAE

The average rental return on investment achieved on apartments in Dubai last year was seven per cent, while villas made five per cent. (Shutterstock)
May 30th, 2018 - 10:29 GMT

What Makes Dubai a 5-Star Real Estate Investment Destination

Big and small retail firms have achieved 24 percent Saudization, with grocery stores registering 10 percent of the total Saudi employees in the sector. (Shutterstock)
May 30th, 2018 - 08:26 GMT

Good News for Saudis: 490,000 New Jobs in Retail Sector

Dubai is exempting companies from administrative fines in a fresh effort to stimulate business. (Shutterstock)
May 30th, 2018 - 07:15 GMT

Dubai Cancels Corporate Fines to Boost Business

Dubai is more economical than most cities in the Western world. (Shutterstock)
May 30th, 2018 - 07:00 GMT

Cost of Living: Dubai More Economical Than Most of Its Peers

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