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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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The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year.
January 30th, 2014 - 07:43 GMT

Can we say we have a trend here? World's largest sovereign wealth fund blacklists two Israeli firms over settlement activity

Al Bawaba
January 30th, 2014 - 01:03 GMT

Lenovo launches ultra sleek VIBE smartphones in Saudi Arabia

SMEs may get crowded out from benefits of Dubai's 2020 Expo bid win, say some entrepreneurs (File Archive/AFP)
January 30th, 2014 - 12:17 GMT

Not necessarily a good thing? The Expo effect on SMEs in the UAE

Regional travel warnings due to the war in neighboring Syria has been detrimental to Lebanon's tourism industry.
January 30th, 2014 - 10:36 GMT

Blaming the victims: has the Syrian civil war ruined all future prospects for the Lebanese economy?

India and Bahrain have a trading relationship that stretches back thousands of years
January 30th, 2014 - 09:55 GMT

Bahrain seeking to bolster India trade

Dubai’s real GDP accelerated to 4.9 per cent year on year in the first half of 2013
January 30th, 2014 - 08:41 GMT

UAE’s real non-oil GDP to double by 2020

This trade was usually the domain of expatriate children at traffic signals, but has now become a daily routine for many Saudi women.
January 30th, 2014 - 03:55 GMT

Failed by who? Saudi women resort to tissue-selling to wipe away poverty

Despite the crackdown, some street vendors return after GAM inspectors leave, according to Ebbini, who said GAM teams do what they can to cover all parts of the capital.
January 30th, 2014 - 03:55 GMT

Jordan declares war on street vendors

The Nitaqat system, a scheme that penalises companies based on the percentage of its expatriate employees
January 29th, 2014 - 09:12 GMT

Calling it by its name? Saudi shoura council calls nitaqat system a 'failure'

Gül is currently in Italy for a three-day official visit with a large delegation.
January 29th, 2014 - 04:00 GMT

A tad childish? Turkey's president to Europe, "our economy is more stable than yours"

Erdoğan and Jahangir later held a joint press conference and attended the signing ceremony.
January 29th, 2014 - 01:48 GMT

Turkey, Iran break the ice with a number of new trade agreements

The trade deficit in 2013 reached $17.292 billion, compared to a deficit of $16.797 billion in 2012
January 29th, 2014 - 08:42 GMT

The usual: Lebanon blames widening trade deficit on Syrian crisis

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