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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. (AFP/ File)
June 18th, 2017 - 03:16 GMT

Saudi Arabia: Revamped Prosecution Office Now Directly Under King

Qatar announced its plan to buy 36 F-15 jets from the US. (AFP/ File)
June 18th, 2017 - 02:29 GMT

Qatar Finalizes $12-Billion Arms Deal Despite Trump’s Twitter Rant

The second meeting of the Board of Trustees of the pharmaceutical sector
June 18th, 2017 - 06:36 GMT

Ministry of Health and Prevention Chairs Second Meeting of Board of Trustees of the Pharmaceutical Sector

Chairwoman of the US Federal Reserve Board Janet Yellen. (AFP)
June 15th, 2017 - 10:09 GMT

US Federal Reserve Raises Interest Rates, Unveils Balance Sheet Cuts for 2017

Trash builds up in Lebanon's capital. (Joseph Eid/ AFP)
June 15th, 2017 - 08:07 GMT

Corruption At the Heart of Lebanon's Garbage Crisis: Report

People protesting Egypt ceding sovereignty over the islands to Saudi Arabia at a demonstration in Cairo on June 13, 2017. (Muhammad Abd El Ghany/ Reuters)
June 15th, 2017 - 07:28 GMT

It's Done: Egypt Approves Red Sea Islands Transfer to Saudi Arabia

IMF's chief Christine Lagarde says loans to countries like Tunisia are a 'token of support'. (AFP/ File)
June 14th, 2017 - 09:00 GMT

IMF's Second Loan Installment to Tunisia a 'Token of Support': Lagarde

Saudi Arabia has plans for a free economic zone in Jeddah. (JEC)
June 14th, 2017 - 06:00 GMT

Saudi Arabia to Launch a New Free Economic Zone in Jeddah

The US and Europe were Turkey's top destinations for its military exports last year. (AFP/ File)
June 14th, 2017 - 05:00 GMT

Turkey's Military Industry Grows Over 20 Percent: Report

German Chancellor Angela Merkel and other leaders pose for a picture during the two-day G20-Africa partnership investment conference in Berlin on June 12, 2017. (John Macdougall/ AFP)
June 14th, 2017 - 01:38 GMT

Germany Announces $338 Million of Financial Aid to Tunisia

UAE companies will have to allocate funds and be actively involved in social responsibility initiatives by end of 2017. (File photo)
June 14th, 2017 - 09:00 GMT

Philanthropy No Longer a Choice: UAE Makes CSR Compulsory for Companies

Abdul Basset Al Janahi, CEO of Dubai SME, and Craig Moore, Founder and CEO of Beehive, signed the MoU in the presence of senior executives from both sides.
June 13th, 2017 - 10:37 GMT

MBRF and Beehive Join Hands to Provide Digital Financing Solutions for Start-Ups

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