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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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Oman’s economy is expected to grow by a minimum of 3 percent in 2018. (Pictured here: Sultan Qaboos of Oman /AFP)
January 3rd, 2018 - 07:00 GMT

Oman’s 2018 Budget Projects Economic Growth of 3 Percent

Aid agencies have warned that about eight million people in the country are on the brink of famine with outbreaks of cholera and diphtheria. (AFP)
January 3rd, 2018 - 01:00 GMT

Yemen Announces First Budget Since Beginning of War

Ahsan Iqbal Chaudhary, Pakistan’s Federal Minister of Interior and Minister of Planning, Development, and Reform
January 3rd, 2018 - 12:53 GMT

Pakistani Minister Shares his Insight at GU-Q

No changes on the dependent fee this year, says Saudi Arabia. (AFP)
January 3rd, 2018 - 12:00 GMT

Saudi Arabia: Dependent Fee on Track, to Hit SR400 by 2020

The UAE is firmly on course to be one of the best performers among other regional economies over the next five years. (Pixabay)
January 3rd, 2018 - 11:40 GMT

Trade, Tourism Main Drivers of UAE’s Growth Over Next 5 Years: Analysts

Omar Al Hamli, Executive Director, Business Support in Trakhees; Musabbah Al Qaizi, Head of Electronic Banking Services & IT; and Naveed Ali, Chief of Corporate Banking, DIB, during the signing ceremony.
January 3rd, 2018 - 10:57 GMT

Trakhees Signs Agreement With Dubai Islamic Bank for Direct Payment Options

Khamis Juma Buamin, Managing Director and Group CEO of Gulf Navigation
January 3rd, 2018 - 07:27 GMT

Gulf Navigation Announces Increasing Its Capital Through IPO to Dh1 Billion

Turkey is raising its minimum wage by 14.5 percent as of January 1. (AFP)
January 2nd, 2018 - 01:00 GMT

Turkey Raises Minimum Wage by 14.5 Percent in 2018

Saudi Arabia started on Monday applying VAT as part of plans to boost revenue. (Shutterstock)
January 2nd, 2018 - 11:46 GMT

Saudi Arabia Expects $9 Billion VAT Revenue in First Year

In its 2018 state budget Jordan has included, for the first time, a social safety network to make up for the rising cost of living. (AFP)
January 2nd, 2018 - 11:00 GMT

Jordan Introduces Cash Support to Poorer Citizens in 2018 Budget

The initiative by Dubai Customs will provide 17 minors with career guidance to help them choose their best academic and career path.
January 2nd, 2018 - 09:39 GMT

Dubai Customs Commences Year of Zayed With 'A Touch of Giving' Initiative

Gaurang Desai, CEO of DGCX
January 2nd, 2018 - 09:32 GMT

DGCX Closes 2017 with Numerous Achievements

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