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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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Economic growth this year for Saudi Arabia is forecast to be around 0.1 percent. (File photo)
July 23rd, 2017 - 09:30 GMT

Saudi Arabia's 2017 Growth Forecast 'Close to Zero': IMF

Iran expects to export 1 million tonnes of surplus wheat and its products this year. (AFP/ File)
July 20th, 2017 - 12:03 GMT

Largely Self-Sufficient, Iran to Export 1 Million Tonnes of Surplus Wheat

Last year's coup attempt, geopolitical developments and the referendum process have all affected Turkey's economy. (AFP/ File)
July 20th, 2017 - 11:54 GMT

Turkey Optimistic, Even as It Runs a $7-Billion Budget Deficit

A rendering of Hamad Port. (Twitter)
July 20th, 2017 - 10:05 GMT

Qatar's Hamad Port Breaks Blockade With Five New Shipping Lines

The new system is designed to automatically detect late or non-payment of salaries to employees in the private sector. (Shutterstock)
July 20th, 2017 - 08:59 GMT

Oman Announces New Wage Protection System for Employees in Private Sector

President Donald Trump vowed during his presidential campaign to re-open NAFTA. (AFP/ File)
July 19th, 2017 - 11:56 GMT

Trump Targets Trade Deficit, Currency Manipulation in NAFTA Talks

An expat waits for his flight at the King Khalid International airport on February 16, 2017. (Fayez Nureldine/ AFP)
July 19th, 2017 - 11:34 GMT

Saudi Arabia’s Expat Fee Doesn't Apply to Dependents on Visit Visa

The world's first operational police robot stands at attention in Downtown Dubai on May 31, 2017. (AFP)
July 19th, 2017 - 11:16 GMT

Non-Oil Sector Will Claim 80 Percent of UAE, Saudi GDP by 2025: Report

Engineer Muammar Al Katheeri and Ghazi Atallah carrying the award.
July 19th, 2017 - 09:38 GMT

DSOA Bags Best Infrastructure Innovation Award for Silicon Park Project in Collaboration With NxN

The kingdom is preparing to implement a new version of its Nitaqat program for companies from September 3. (AFP/ File)
July 19th, 2017 - 08:20 GMT

Saudi Arabia Rejects 63 Percent of Work Visas in 2016: Ministry

Sheikha Lubna Al Qasimi, UAE Minister of State for Tolerance, was voted the most powerful Arab woman in government in 2017. (Photo: Zayed University)
July 18th, 2017 - 07:00 GMT

UAE Women Most Powerful in Arab World, According to Forbes

The dollar sank to a 10-month low hit by the collapse of President Donald Trump's efforts to deliver a new healthcare bill. (File photo)
July 18th, 2017 - 02:43 GMT

Trump's Failure on Healthcare Sends Dollar to 10-Month Low

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