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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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Growth in the Middle East and North Africa, along with Afghanistan and Pakistan, is expected to stand at 3.3 percent this year, lower than the 3.6 percent
January 22nd, 2014 - 01:55 GMT

The IMF is not too optimistic about the MENA's 2014 prospects

Dubai's current economy and its projections for future growth have earned the MENA city a top 20 rank in the world's most dynamic cities based on the City Momentum Index (File Archive/Shutterstock)
January 22nd, 2014 - 11:07 GMT

This MENA locale is ranked in top 20 most dynamic global cities thanks to its booming economy

Saudi Arabia is poised to become the first manufacturing country in the region
January 22nd, 2014 - 10:13 GMT

Saudi Arabia has a golden opportunity to become the region's leading manufacturer

Abu Dhabi has grown into one of the most attractive construction markets in the Gulf despite its rather humble beginning (File Archive)
January 22nd, 2014 - 09:48 GMT

The GCC is building one heck of a construction market with its $1.3 trillion value forecasted to grow

Al Bawaba
January 22nd, 2014 - 08:26 GMT

DUBAL notches up 23rd year as sponsor of Omega Desert Classic

With a net worth of $720m, Shafik Gabr is the richest known millionaire in Egypt.
January 22nd, 2014 - 03:55 GMT

How did Egypt's 16 richest businessmen get so rich?

 
The crisis has raised concerns among economic analysts as much as rights groups and the EU about the threat to the rule of law and democracy.
January 22nd, 2014 - 12:37 GMT

How politics is butchering Turkey's economy

All in all, Iran’s trade balance with 96 countries was positive in the first eight months of 2013, according to data released by the Iranian Customs Administration Office.
January 22nd, 2014 - 12:02 GMT

Talk about a trade relationship! Iran-China trade ties surpass $30 billion

Saudi Arabia's adaptation of a "more cautious approach" to government spending may result in slower economic growth for KSA and the greater region (File Archive/Shutterstock)
January 21st, 2014 - 01:28 GMT

Could "cautionary" Saudi spending behavior lead to an economic downturn in the Middle East?

Some Saudi hospitals have stock market listings (File Archive)
January 21st, 2014 - 12:56 GMT

Getting sick just got more expensive: Saudi healthcare prices to increase 30 percent in 2014

Al Bawaba
January 21st, 2014 - 09:28 GMT

Lenovo takes over No.1 PC spot in UAE

Before Egypt’s 2011 revolution, it was attracting net foreign direct investment of around $8bn annually, according to central bank data.
January 21st, 2014 - 09:17 GMT

Two celebrations in one: Egypt's investments expected to rise 33% with new constitution

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