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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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As the Lebanese bid farewell to 2017, economists are busy now analyzing the challenges Lebanon will face in 2018 hoping to revitalize the sluggish economy. (Ibrahim Chalhoub/ AFP)
January 8th, 2018 - 02:00 GMT

Challenges Facing Lebanon in 2018, and How to Solve Them

Kuwait's new budget will be dominated by various reform measures to help fight the hardships the economy is facing.  (Pictured here: Sabah Al-Ahmad Al-Sabah, ruler of Kuwait/ AFP)
January 8th, 2018 - 10:54 GMT

Kuwait Projects Higher Revenues in 2018-2019 Budget

Saudi government employees receive SR12.7 billion in salaries every month. (John Moore/ AFP)
January 8th, 2018 - 10:00 GMT

Saudi Arabia Spends $43.5 Billion on Government Employees in 2017

Saudi Arabia has launched a new entrepreneurship licence, open to both citizens and residents alike. (AFP)
January 8th, 2018 - 08:14 GMT

Saudi Arabia Unveils New Entrepreneur License for Citizens, Residents

VAT revenues will be used to achieve better local services, greater community development and broader support for UAE citizens. (Shutterstock)
January 8th, 2018 - 07:31 GMT

UAE: 70 Percent of VAT Will Go to Local Governments

By incorporating Aramco, the government will be able to offer equity in it either on domestic or foreign stock exchanges, or to any outside investor.
January 7th, 2018 - 02:17 GMT

Saudi Aramco IPO a Step Closer as Decree Creates New Corporate Structure

The report also expressed fear of a devastating war with Israel over the next five years. (AFP)
January 7th, 2018 - 11:53 GMT

Political Uncertainty Could Slow Lebanon’s Economic Growth: Report

The Municipality calls on all residents of Abu Dhabi city and suburbs to comply with the rules for their health and safety.
January 7th, 2018 - 11:09 GMT

Abu Dhabi Municipality Issues 51 Offence Tickets Relating to Occupancy of Residential Units at Musaffah

 Trade with Azerbaijan in the first 9 months of 2017 rose to AED 679 million divided into imports with AED 4.3 million.
January 7th, 2018 - 11:03 GMT

Dubai Customs Receives Azerbaikjani Outgoing Consul General

King Salman has ordered the payment of a monthly allowance of SR1,000 for government and military staff. (AFP/ File)
January 7th, 2018 - 10:43 GMT

Saudi King Orders SR1,000 Payment to State Employees in 2018

QNB projects real GDP growth will average 2.2 percent for the full year in 2017.
January 7th, 2018 - 09:23 GMT

Qatar GDP Growth to Average 2.2 Percent for 2017, According to QNB

The FTA emphasizes on the importance of referencing and checking accurate sources of information.
January 7th, 2018 - 08:10 GMT

UAE Tax Authority Warns Citizens From Unreliable Sources of Information About VAT

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