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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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UAE citizens will be able to travel to Russia without prior visas. (Shutterstock)
February 18th, 2019 - 09:01 GMT

UAE Nationals Can Now Travel to Russia Without Pre-Entry Visa

Germany will help qualify Jordanian products to enter the European market. (Shutterstock)
February 18th, 2019 - 07:56 GMT

Germany to Help Jordan Export Its Products to EU Market

The Trump administration may be talking tough about reducing Iranian crude exports to “zero” through its imposed sanctions on Tehran. (AFP)
February 17th, 2019 - 12:46 GMT

Will Trump Grant Any Waivers to Sanctions Against Iran?

Iran regretted the hesitation of China in developing Phase 11 of South Pars Gas Field in southern Iran. (Shutterstock)
February 17th, 2019 - 10:35 GMT

Iran Regrets China’s Hesitation in Developing Gas Field in Southern Iran

The Egyptian Central Bank’s Monetary Policy Committee (MPC) said it has cut its main interest rates by a percentage point each. (Shutterstock)
February 17th, 2019 - 10:06 GMT

Egypt’s Central Bank Cuts Interest Rates by 1 Percent As Price Pressures Ease

Over $10 billion worth of foreign investment was approved in Iran in last year. (Shutterstock)
February 17th, 2019 - 09:20 GMT

Iran Approves $3.5 Billion Worth of Foreign Direct Investment

Turkish lira reserve requirement ratios have been reduced by 100 basis points for deposits and participation funds. (Shutterstock)
February 17th, 2019 - 09:14 GMT

The Central Bank of Turkey Lowers Reserve Requirement Ratios to Increase Liquidity

Jordan was ranked 4th among 14 countries in the Middle East and North Africa region (MENA) in the 2019 Index of Economic Freedom. (Shutterstock)
February 17th, 2019 - 07:53 GMT

Jordan Ranks 4th in MENA on Economic Freedom Index

The 1,200 page report recommended that within the knowledge economy, the Culture Ministry should “take a bet on specific cultural and creative industries”. (Shutterstock)
February 16th, 2019 - 08:48 GMT

Designers' Stand on Lebanese Economy

The Saudi capital will host the Global Aviation Summit 2019. (Shutterstock)
February 16th, 2019 - 08:40 GMT

Saudi Arabia to Host Global Aviation Summit in April

Pakistan will get a $20 billion-plus economic package from Saudi Arabia. (Shutterstock)
February 16th, 2019 - 08:32 GMT

$20 Billion From Saudi Arabia to Pakistan to Boost Economy

The General Tax Authority needs to create more awareness about the new taxes as businesses in Qatar. (Shutterstock)
February 15th, 2019 - 08:58 GMT

Qatar's Business Community Demands More Clarity on ‘Selective Tax’

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