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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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"We have reached the danger point... after starting to withdraw from the reserves," to meet the budget shortfall, Alwaleed said in a letter addressed to the finance minister.
January 4th, 2015 - 04:55 GMT

Economy drama: Al-Walid Bin Talal lashes out at his country for 'largest deficit ever'

Al Bawaba
January 4th, 2015 - 04:55 GMT

Bombing Gaza hasn't really helped either: Israel 2014 per capita growth below OECD average

Meanwhile, Qatar was the only GCC country where prices for food and beverages decreased in October 2014 by 0.6 percent,  compared to October 2013.
December 31st, 2014 - 05:56 GMT

Why the UAE is recording the highest inflation rate among its GCC counterparts

They are more likely to be concerned about taking on too much debt, worry endlessly about balancing their daily expenses, and likely to put off buying property.
December 31st, 2014 - 05:37 GMT

The tough realities the Gulf's millennials are grappling with

Last year, a former Israeli electric company director was sentenced to six years imprisonment as part of the affair.
December 31st, 2014 - 04:55 GMT

Israel arrests 6 in Siemens worldwide bribery scandal

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs
December 31st, 2014 - 04:40 GMT

Dubai Customs releases its corporate Sustainability Report 2013

Al Bawaba
December 30th, 2014 - 12:38 GMT

Tennis legend Pat Cash to Launch New Year Eve Countdown on Al Maryah Island

Al Bawaba
December 30th, 2014 - 10:51 GMT

LG and Mercedes-Benz collaborate on intelligent camera system for automated driving

Al Bawaba
December 30th, 2014 - 10:14 GMT

Swiss watchmaker ‘Seculus’ launches a stunning collection

Al Bawaba
December 30th, 2014 - 09:25 GMT

Tech Quest Collaboration with Zayed Higher Organization on display this week

Al Bawaba
December 30th, 2014 - 04:55 GMT

The post-'highest spending in history' year: Saudi Arabia projects much 'bigger than expected' deficit for 2015

Al Bawaba
December 30th, 2014 - 04:54 GMT

Dubai Chamber shares its ATA Carnet experience with Saudi Chambers

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