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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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Dubai has successfully maintained its status as the global capital of the Islamic economy. (Shutterstock)
April 2nd, 2019 - 06:18 GMT

Dubai Remains the Global Capital of Islamic Economy

Germany on Sunday announced that it delivered a $100-million unconditional loan to Jordan in budget support. (Shutterstock)
April 1st, 2019 - 10:32 GMT

Germany Supports Jordan With $100 Million Unconditional Loan

Gold prices were trading near flat on Monday in Asia. (Shutterstock)
April 1st, 2019 - 10:18 GMT

Gold Prices Remain Unchanged Amid Positive China Data; Trade Talks Progress

Europe must forge its own strategic view about the new global order. (Shutterstock)
April 1st, 2019 - 10:06 GMT

Opinion: EU Needs a New Global Trade Strategy

UAE hosts over 200 nationalities. (Shutterstock)
April 1st, 2019 - 09:31 GMT

Expats to Benefit From New Family Sponsorship Policy in UAE

Over $1.5 Billion Business Opportunities on Offer in Qatar. (Shutterstock)
April 1st, 2019 - 08:41 GMT

Over $1.5 Billion Business Opportunities on Offer in Qatar

Kuwait has put out to tender nearly 125 development projects across the country. (Shutterstock)
April 1st, 2019 - 08:35 GMT

Kuwait Floats Tenders for 125 Development Projects

Between 2014 to 2018, a total of 10,334 expat and Omani workers were laid off by 106 companies, including 5,000 in 2017 alone. (Shutterstock)
April 1st, 2019 - 07:51 GMT

Layoffs Plummet by 73 Percent in Oman

The World Bank has suspended a $200 million project in Pakistan’s southwest. (Shutterstock)
April 1st, 2019 - 07:01 GMT

World Bank Suspends $200 Million Project in Pakistan

The unemployment rate among Saudi males stood at 6.6 percent, compared to 32.5 percent among Saudi females during the fourth quarter. (Shutterstock)
April 1st, 2019 - 06:54 GMT

Unemployment Rate Falls to 12.7 Percent Due to Saudization

Economy expands in Q4 on boost from crude; non-oil growth slows. (Shutterstock)
April 1st, 2019 - 06:38 GMT

Saudi Arabia's Government Debt to Soar to $181 Billion

Erdogan probably knows that the deep wound is a product of his hyper-centralised style of rule, which decides on about everything in the country. (Shutterstock)
March 31st, 2019 - 10:27 GMT

The Economic Reality Erdogan Has to Confront After Election

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