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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 UAE national population is estimated to be just under one million - and the estimated unemployment rate is 20.8 per cent of the national population. Now this is shocking, particularly in a country that provides over five million jobs,” Al Mulla said in remarks made to the Arabian Business Forum in Dubai yesterday.
November 13th, 2013 - 05:51 GMT

Surprise, surprise: Emiratisation fails to cut unemployment rates

Al Bawaba
November 13th, 2013 - 10:58 GMT

Jotun receives certificate of appreciation from Dubai Central Laboratory at annual ‘Customer Gathering’ Event

Epson video game projector
November 13th, 2013 - 10:12 GMT

Epson launches dedicated video game projector in Middle East

Dealers visit to Thailand
November 13th, 2013 - 09:39 GMT

Samsung Electronics Levant and United Pioneering Business organize dealers trip to Thailand

UAE's Green Growth Strategy was launched in January 2012, before the UN PAGE partnership's formation earlier this year (Courtesy of UAE Interact)
November 13th, 2013 - 07:28 GMT

Amidst the sand, UAE is going "green" with first UN green economy conference scheduled for March

Lower oil demand and increased spending could push the GCC into a fiscal deficit. (Image credit: Shutterstock)
November 13th, 2013 - 05:25 GMT

Is the GCC spending its way into a fiscal deficit?

The Qatari market has also met the quantitative requirements as defined for emerging markets. (Image credit: Shutterstock)
November 13th, 2013 - 05:00 GMT

The newest emerging market in the Middle East

Egypt and the IMF have had a sometimes tense relationship because of national pride and the international lender's efforts to persuade Cairo to undertake politically sensitive economic reforms such as subsidy cuts.
November 13th, 2013 - 03:55 GMT

IMF to Egypt: I'm available and still interested

Kuwait past and present, which points out to the role that foreign workers have played since the country's oil boom in transforming it.
November 12th, 2013 - 03:36 GMT

Op-ed by Kuwaiti author captures the negative sentiments guiding the treatment of expats

Iran's Supreme leader's holding are managed by an entity called Setad. Setad has previously confiscated real estate owned by members of religious minorities to obtain its assets (AFP)
November 12th, 2013 - 11:18 GMT

Supreme leader is Iran's supreme businessman with $95 billion assets

Inflation in Iran is at a staggering 39%. (Image credit: Shutterstock)
November 12th, 2013 - 06:00 GMT

IMF and Iran meet to discuss measures to curb inflation

Below is a graph showing the budget allocation for fuel subsidies, SWF, and SFD (in YER million).
November 12th, 2013 - 04:55 GMT

The IMF should perhaps learn that one size fits all, especially when it comes to Yemen's subsidy reforms

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