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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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SAMA has urged all trade banks to prepare their infrastructure for the new coins. (AN)
May 24th, 2018 - 08:45 GMT

Saudi Riyal Coins to Gradually Replace Notes

The Kingdom was ranked highly for its consumer price inflation policy and exchange rate management. (Pixabay)
May 24th, 2018 - 08:06 GMT

Saudi Arabia Scores High on Prices and Tax Efficiency, IMD Survey Finds

Federal National Council Members thus called for a push from the ministry to raise the level of employment among Emiratis in the private sector. (File / Photo)
May 24th, 2018 - 07:47 GMT

101 Percent Increase in Emiratis Recruited in Private Sector This Year

The UAE surpassed Norway (8), Sweden (9), Canada (10), Germany (15), Australia (19), UK (20), Japan (25), France (28) and Italy (42) in the rankings. (Pixabay)
May 24th, 2018 - 07:39 GMT

UAE 7th Most Competitive Economy in the World

FTA Director General His Excellency Khalid Ali Al Bustani
May 23rd, 2018 - 11:00 GMT

UAE Federal Tax Authority Launches 8 Awareness Videos Introducing Businesses to Tax Return Submission Procedures

Mohammed Ali Rashid Lootah, CEO of the CCCP sector
May 23rd, 2018 - 10:56 GMT

DED Receives 8,166 Consumer Complaints in First 3 Months of 2018

Cirque du Soleil has reportedly signed a deal to perform in the Kingdom. Cirque du Soleil. (AN)
May 23rd, 2018 - 08:07 GMT

Ramadan Fun Activities Reflect on Saudi Arabia’s Potential

Officials hope that the moves will attract new businesses to the country, driving future growth, and giving a much-needed boost to its real-estate market. (Pixabay)
May 23rd, 2018 - 07:53 GMT

6 Questions Expats might have on UAE's New Visa Regulations

There are now nearly 2,000 cryptocurrencies, and millions of people worldwide are excited by them. (Shutterstock)
May 23rd, 2018 - 06:57 GMT

Why It's Difficult to Crack Cryptocurrency Mysteries?

The introduction of 5 per cent VAT was more or less offset by reduced rents in the UAE housing market. (Pixabay)
May 23rd, 2018 - 06:46 GMT

Drop in House Rents Soften VAT Impact in UAE

Investigators posed as members of the public and discovered about 30,000 cryptocurrency-related domain names, most created sometime in the last year after the price of a single bitcoin reached record levels in November. (Shutterstock)
May 22nd, 2018 - 08:48 GMT

Regulators Announce Crack Down on Cryptocurrency Investment Schemes

Among the key sectors in the UAE, those preferred by investors are e-commerce, fintech, food and beverage, logistics and transport. (Shutterstock)
May 22nd, 2018 - 06:46 GMT

New Visa Policy Will Make UAE a Global Innovation Hub

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