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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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P&G aims to spend $100 million on deliberately working with Women-Owned Businesses in IMEA with a $30 million commitment to India. (Shutterstock)
February 21st, 2019 - 11:28 GMT

P&G Commits to Gender Equality Across the IMEA Region

On January 31, the UK, Germany and France (the European Union signatories of the nuclear deal) launched a special purpose vehicle (SPV), dubbed the Instrument in Support of Trade Exchanges (INSTEX). (Shutterstock)
February 21st, 2019 - 11:05 GMT

INSTEX to Open up New Opportunities Between Iran, Russia

The authority said the news reports circulating online were inaccurate and misconstrued. (Shutterstock)
February 21st, 2019 - 10:44 GMT

UAE Dismisses Online Reports About Easing Qatari Shipping Ban

Indian Prime Minister Narendra Modi shakes hands with Saudi Crown Prince Mohammed bin Salman prior to a meeting at Hyderabad House in New Delhi on February 20, 2019. (AFP)
February 21st, 2019 - 08:23 GMT

Saudi Investment in India to Reach $100 Billion Within Two Years

World Bank Regional Director Saroj Kumar Jha said the pledges - upward of $12 billion in soft loans and grants - were not at risk. (Shutterstock)
February 20th, 2019 - 09:33 GMT

Lebanon Back on CEDRE Track to Unlock $12 Billion of Loans and Grants

An official at the IACC said on Tuesday that a specialised team overseeing the matter found that the value of the 667 forged exemptions amounted to JD1,459,000, Petra reported. (Shutterstock)
February 20th, 2019 - 09:10 GMT

Jordan Identifies More Than 1.45 Million JDs Worth of Forged Medical Exemptions

The rules for dealing with expatriates who violate the laws already exist. Several important points include the non-permissibility of allowing the worker to work separately or for others by his employer. (Shutterstock)
February 20th, 2019 - 08:58 GMT

Saudi Cracks Down on Violating Expats

According to Xinhua, Zarif expressed Tehran’s desire to take part in China’s massive infrastructure development project. (Shutterstock)
February 20th, 2019 - 08:47 GMT

Iran Wants in on China's Belt and Road Initiative

'The step that we are taking today is a step towards transparency and standards." - Saad Hariri, The President of the Council of Ministers.
February 20th, 2019 - 08:34 GMT

Lebanon Launches Electronic System in Bid for More Transparency

SME’s stake in the financial portfolio of Saudi banks has doubled over the last two years. (Shutterstock)
February 20th, 2019 - 08:23 GMT

Opinion: This Is What Plagues SMEs in Saudi, and It's Not the Money

US President Donald Trump and Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman speak to the media in the Oval Office at the White House in Washington, DC, on March 14, 2017.(AFP)
February 20th, 2019 - 07:59 GMT

US Investigating Trump-Saudi Nuclear Deal

Nearly 400 Saudi and Indian businessmen are expected to take part. (Shutterstock)
February 20th, 2019 - 07:24 GMT

Saudi-Indian Forum to Explore Bilateral Business Opportunities

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