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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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Turkish president Recep Tayyip Erdogan. (File photo)
August 6th, 2017 - 07:00 GMT

Turkey's Exports Soar to Six-Year High in July: Exporters Unit

The Red Sea tourism project was launched on Monday and is expected to create as many as 35,000 jobs. (Pixabay)
August 6th, 2017 - 05:00 GMT

Saudi Arabia Expects to Create 35,000 Jobs With New Red Sea Project

Some neighborhoods in Riyadh have a lot of runaway expat workers who do not have any ID documents and can be seen walking the streets searching for random jobs. (AFP/ File)
August 6th, 2017 - 10:11 GMT

Saudi Arabia Cracks Down on Employment of Runaway Workers, Housemaids

The loan brings to over $10 billion Oman’s external borrowing in 2017. (File photo)
August 6th, 2017 - 09:49 GMT

Heavily Indebted, Oman Uses $3.5 Billion Chinese Loan to Balance the Books

Iraq is oil rich and has significant potential for economic development and growth. (File photo)
August 6th, 2017 - 09:30 GMT

Moody's Assigns Caa1 Issuer Rating to Iraq, Outlook Stable

The new scheme aims to provide housing at rents ranging from Dh70 ($190.59) to Dh2,100 ($571.76) per month. (File photo)
August 6th, 2017 - 09:21 GMT

Abu Dhabi Launches New Affordable Housing Plan for Low-Income Groups

Manufacturing industries contributed 6.9 percent to the emirate’s economic output in 2016. (File photo)
August 6th, 2017 - 09:03 GMT

Abu Dhabi: 16 New Factories Enter Production in H1 2017

A delegation from Dubai Economy led by Abdullatif Al Marzouqi, Senior Manager of Consumer Awareness Section in CCCP, attended the opening of the first counter.
August 6th, 2017 - 08:12 GMT

Dubai Economy Launches ‘Consumer Happiness Centre’ at Al-Futtaim Group’s Trading Enterprises

Engineer Saed Al Awadi, CEO of Dubai Exports
August 6th, 2017 - 05:26 GMT

Dubai Exports Extends Support to the Future Manufacturing & Trade Summit 2017

Receiving consecutive upgrades in the current market conditions is a true recognition of the strength and resilience of DP World business.
August 2nd, 2017 - 08:16 GMT

DP World Rating Upgraded by Fitch

Expat workers constitute 60 percent of the workers in Saudi Arabia but their numbers have been dwindling in recent months. (AFP/ File)
August 1st, 2017 - 01:02 GMT

Half of Work Visas Issued by Saudi Arabia Are for Domestic Workers: Ministry

During the Ceremony
August 1st, 2017 - 07:13 GMT

Access World to Build a 3PL Facility in Jebel Ali Free Zone

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