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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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Most UAE residents rely on their gratuity to fund their retirement, a new research has shown. (Shutterstock)
January 22nd, 2019 - 09:04 GMT

How Expats in UAE Plan for Their Retirement

Al Bawaba
January 22nd, 2019 - 07:15 GMT

IMF Slashes Global Growth Outlook for 2019 Due to Weaker Oil Prices, US and China Trade War

Qatar announces heavy investment in Lebanon's government bonds as means of supporting the latter's economy. (Shutterstock)
January 22nd, 2019 - 07:09 GMT

Qatar to Invest $500-Million in Lebanon’s Government Bonds

The initiative aims to provide more work opportunities for Saudi women. (Shutterstock)
January 22nd, 2019 - 07:07 GMT

New Work Standards for Women in Saudi Arabia

Getting the world's richest 1 percent to pay just 0.5 percent extra tax on their wealth could raise more money than it would cost to educate the 262 million children out of school. (Shutterstock)
January 21st, 2019 - 12:47 GMT

Opinion: Changing the Taxing System Could Reduce the World Wealth Gap

Berlin has revoked Iranian airline Mahan's right to operate in Germany. (Shutterstock)
January 21st, 2019 - 10:47 GMT

Germany Bans Iranian Airline on Suspicion of Terrorist Activities

Taxable persons/companies must apply for this if they fulfill any of the conditions laid down by the law. (Shutterstock)
January 21st, 2019 - 09:49 GMT

Companies in UAE Can Deregister for VAT Under This Condition

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government
January 21st, 2019 - 09:43 GMT

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion
January 21st, 2019 - 09:26 GMT

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion

E-commerce will play an increasingly greater role in Lebanon and in the region. (Shutterstock)
January 21st, 2019 - 08:56 GMT

Lebanon to Rely on E-Commerce to Solve Its Economic Issues

Saudi Arabia’s non-oil sector growth will accelerate to 2.8 percent this year as the lagged effect of higher crude prices and production feeds through to the non-oil sectors. (Shutterstock)
January 21st, 2019 - 08:51 GMT

Report: Saudi Economy to Expand 2 Percent

The Saudi-Emirati Coordination Council set seven initiatives to increase the integration between the two countries during their first meeting in Abu Dhabi. (Shutterstock)
January 21st, 2019 - 08:05 GMT

Saudi Arabia, UAE Launch a Joint Cryptocurrency

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