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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 privatization drive is part of Vision 2030
June 17th, 2019 - 10:30 GMT

Saudi Arabia to Finalize Privatization Deals Worth $533 Million

Global economic risks remain skewed to the downside.
June 17th, 2019 - 09:56 GMT

Report: Global Output Expansion to Decline to 3.4 Percent in 2020

Erdogan noted that Turkey, Greece and the UK are the guarantor countries of Cyprus, and those countries are speaking as the guarantors.
June 17th, 2019 - 09:30 GMT

Turkey Exempts Exporters From Exchange Tax When Buying Foreign Currency

The two countries maintain close ties in hydrocarbons trade and work jointly on peaceful nuclear power projects in Iran.
June 17th, 2019 - 09:00 GMT

Russia, Iran Bilateral Trade Exceeds $1.7 Billion in 2018

Travel and tourism registered the second-strongest overall improvement in business conditions on record (59.5) despite a slight fall in jobs
June 17th, 2019 - 06:30 GMT

Trade, Travel Stimulate the Business Boom in Dubai

Current market shows increased Used Car sales compared to New cars
June 17th, 2019 - 04:52 GMT

Car Insurance Premium in UAE Declines by 9.5 Percent

Moody's said external pressures are exacerbated by the row between Turkey and the United States over Ankara's purchase of S-400 missile systems from Russia.
June 16th, 2019 - 10:07 GMT

Turkey Doesn't Approve of Moody's Downgrade

The new duties take effect from Sunday.
June 16th, 2019 - 09:57 GMT

India Imposes Retaliatory Tariffs on 28 US Goods

The DED report on Saturday said that manufacturing and tourism sectors are expected to drive the emirate's growth at 2.1 per cent this year and 3.8 per cent in 2020.
June 16th, 2019 - 07:57 GMT

Dubai Issues Over 9,000 New Business Licenses at Start of 2019

The government had, a few months ago, announced a major initiative to increase the hiring of new Bahraini graduates.
June 16th, 2019 - 07:12 GMT

Bahrain Mulls Imposing BD20,000 Fine on Firms 'Not Prioritising Hiring Nationals'

The report showed that the growth rate of investment flows in Bahrain reached 6%.
June 15th, 2019 - 05:00 GMT

2.73 Percent Growth in Bahrain’s Economy In First Quarter of 2019

In the last five working days, the rupee has lost Rs7.70 against the dollar and it is expected to remain under pressure in the coming weeks
June 15th, 2019 - 06:10 GMT

Pakistani Rupee Hits All-Time Low Against US Dollar

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