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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 Egyptian pound strengthened on Sunday to its highest in over two years. (Shutterstock)
March 18th, 2019 - 08:47 GMT

Egyptian Pound Strengthens to Highest in over 2 Years

The first phase of the new plan will include basic emergency coverage for company employees in Oman. (Shutterstock)
March 18th, 2019 - 08:34 GMT

White Collar Workers in Oman to Get Health Cover First

Online search interest in the UAE for cryptocurrencies close-ly follows the price fluctuations of leading digital assets. (Shutterstock)
March 17th, 2019 - 09:18 GMT

Report: UAE Online Searches Echo Global Cryptocurrency Trends

Qatar-Oman trade volume witnessed a 240% jump from QR2bn in 2016 to QR6.8bn last year. (Shutterstock)
March 17th, 2019 - 09:13 GMT

Qatar-Oman Trade Soars 240 Percent Hitting $1.8 Billion in 2018

112 new achievements in the field of nuclear energy will be unveiled during the first month of the upcoming Iranian calendar year. (Shutterstock)
March 17th, 2019 - 08:58 GMT

Iran to Unveil Over 100 New Nuclear Achievements

The unemployment rate also sparked to its highest levels in nine years. (Shutterstock)
March 17th, 2019 - 08:48 GMT

Turkey Faces Rise in Short-Term Debt, Unemployment Rate

Annual inflation in Egypt was up by 14.4% in February. (Shutterstock)
March 17th, 2019 - 08:35 GMT

Egypt's Inflation Soars Due to Increase in Prices of Food Commodities

A total of 582 expat nurses have lost their jobs as 449 Omani nurses were hired over the last two years. (Shutterstock)
March 17th, 2019 - 08:28 GMT

Omanization Hits the Nursing Sector Resulting in the Loss of Over 500 Job

The index says the best cities offering a positive experience for its citizens include Singapore, London, New York, Dubai, Seoul and Barcelona. (Shutterstock)
March 17th, 2019 - 08:18 GMT

Dubai One of the Top 5 Smart Cities in the World

Eligible loans include auto loans, overdraft facilities and credit card balances, but will exclude mortgage loans and loans for shares or deposits. (Shutterstock)
March 17th, 2019 - 08:09 GMT

UAE Launches New Loan Scheme for Nationals

Government should look into it in order to attract more investment in manufacturing sector. (Shutterstock)
March 17th, 2019 - 08:00 GMT

Investors Demand Taxes on Trucks to Be Reviewed in UAE

Lebanon launched a crackdown on corruption, leading to the arrest of dozens of people in ministries and official departments. (Shutterstock)
March 17th, 2019 - 07:50 GMT

Lebanon to Combat Corruption With New 'Anti-Corruption Commission'

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