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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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King Salman has ordered the payment of $15 million aid for the Rohingya Muslims in Myanmar. (AFP/ File)
September 20th, 2017 - 09:38 GMT

Saudi Arabia Pledges $15 Million to Aid Rohingya Muslims in Myanmar

The construction work on the project is likely to start by the end of this year.
September 20th, 2017 - 07:21 GMT

DP World, IGY Marinas to Build Superyacht Complex in France

The US stance toward the Middle East is negatively impacting business and regional growth, according to experts. (AFP/ File)
September 19th, 2017 - 05:00 GMT

Opinion: US Stance Towards Middle East Negatively Affecting Economy and Growth

Read this interview with the Indian ambassador to Egypt, Sanjay Bhattacharyya. (Courtesy of the Embassy of India)
September 19th, 2017 - 01:51 GMT

Six Indian Companies Will Be Investing in Egypt Soon: Interview With Indian Ambassador

The forum will focus on the fourth industrial revolution as its central topic. (Photo courtesy of WAM)
September 19th, 2017 - 10:49 GMT

Sharjah FDI Forum 2017 Kicks off Today

Saudi Energy Efficiency Center
September 19th, 2017 - 06:26 GMT

Saudi Customs Seizes 759,000 Products Violating Energy Efficiency Standards

DP World has entered into agreements to acquire Maritime World, the 100 percent owner of Dubai Maritime City for $180 million, and to buy 100 percent of Drydocks World by means of a capital injection of $225 million.
September 19th, 2017 - 05:06 GMT

DP World to Acquire Dubai Maritime City and Drydocks World

Two new shipping routes will link Qatar with vital ports in China, Turkey and Greece. (File photo)
September 18th, 2017 - 02:24 GMT

Qatar Launches Shipping Routes to China, East Mediterranean to Bypass Blockade

The credit line will be used to finance Iran's infrastructure projects. (File photo)
September 17th, 2017 - 03:12 GMT

China Signs Deal to Provide Iran With $10 Billion Credit Line

DJI board meeting under the chairmanship of HE Chancellor Issam Issa Al Humaidan
September 17th, 2017 - 09:47 GMT

Dubai Judicial Institute Holds Board Meeting to Discuss the Upcoming Training Year and Review Last Year’s Achievements

The strategic location of Jebel Ali Port and the Free Zone with modern warehouses and a range of incentives supports the development of transport and logistics sector.
September 17th, 2017 - 08:10 GMT

UAE Economic Growth Boosting Logistics Sector, Says Bin Sulayem

Silicon Park is an integrated smart city created to articulate the vision of Sheikh Mohammed to transform Dubai into the smartest and happiest city in the world.
September 17th, 2017 - 05:44 GMT

Dubai Silicon Oasis Authority Records 5.4 Percent Revenue Growth in H1 2017

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