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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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US Secretary of State Mike Pompeo. (AFP)
May 22nd, 2018 - 06:41 GMT

Iran Faces ‘Strongest Sanctions in History’

Trakhees customer service center in getting a 4-star rating from Dubai Government 2017.
May 21st, 2018 - 10:11 GMT

Trakhees Service Center in Dubai Receives 4-Star Rating

The Haramain high-speed rail link is among the Saudi infrastructure projects catching the attention of international investors. (AN)
May 21st, 2018 - 07:44 GMT

Could Saudi Arabia Become the China of the Middle East?

Because Bitcoin is decentralized, there’s no way to know exactly how much power it uses. (Shutterstock)
May 21st, 2018 - 07:38 GMT

Bitcoin’s Massive Power Usage Explained in New Analysis

Investors can have 100 per cent ownership of their companies in the country. (Twitter)
May 21st, 2018 - 07:34 GMT

UAE Allows 100 Percent foreign Ownership of Businesses

DP World Sokhna is part of the DP World's international network of 78 marine and inland terminals in 40 countries across six continents.
May 21st, 2018 - 05:09 GMT

DP World Sokhna Welcomes Inaugural Vessel of New Shipping Alliance

Honourees included Khasaheb Company; which was named as the best in implementing H&S standards at construction sites. Consultants felicitated included Al Dar Properties, Allison Consultants, Icom, and Parsons. Contractors honoured Khatib and Alami, Fibrex and LG.
May 20th, 2018 - 11:49 GMT

ADM Calls for Highest Occupational H&S Standards for Workers

This announcement came as a result of efforts made by the Ministry of Finance (MoF) in cooperation with relevant entities in federal and local government.
May 20th, 2018 - 11:24 GMT

UAE Joins the Inclusive Framework on Base Erosion and Profit Shifting (BEPS)

Everyone agrees that Hezbollah can always find ways to bypass the “American fist” around it. (AFP/File)
May 20th, 2018 - 08:26 GMT

The Repercussions of the New Sanctions Against Hizbollah on the Lebanese Business Sector

The conditions state that in order to refund VAT, applicants must be UAE national. (Shutterstock)
May 20th, 2018 - 07:08 GMT

4 Steps to Refund VAT for UAE Nationals

Dubai Customs has won the best idea at the World Ideas Award 2016 organised in Frankfurt, Germany for developing an android robot inspector.
May 20th, 2018 - 06:02 GMT

DQG and Ideas Arabia Honour Dubai Customs for Sponsoring World Ideas Award 2018

Cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Lite and Dash, are taking the world by storm. (Shutterstock)
May 17th, 2018 - 12:00 GMT

Are Cryptocurrencies Really the Future of Money?

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