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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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According to Mohammad Hassan Adeli, former secretary general of the Gas Exporting Countries Forum, sanctions are one of the main reasons for Iran’s failure in its gas export policy. (Shutterstock)
December 11th, 2018 - 02:18 GMT

How Are the US Sanctions Affecting Iran's Gas Projects?

Only the judge overseeing the case will be present in the courtroom. (Wam)
December 11th, 2018 - 02:11 GMT

World’s First Digital Courtroom Finds Home in Abu Dhabi

The transfer was endorsed by Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, and Liu Yijiang, chairman of China ZhenHua Oil. (Shutterstock)
December 11th, 2018 - 02:05 GMT

China Invests in ADNOC With 4 Percent Stake

The MENA region has had a chequered history of renewables adoption to date. (Shutterstock)
December 11th, 2018 - 01:53 GMT

MENA Has yet to Harness the Full Potential of Renewables

The timing of the decision, just few days before the 9th December PGCC Riyadh summit, seems to show the decision is somehow related to the current diplomatic rift between the two states (Shutterstock)
December 11th, 2018 - 01:42 GMT

Qatar's OPEC Withdrawal Hints at Increase of Iran’s Production Share

Price of Brent crude trades above $62 a barrel at start of week (Shutterstock)
December 11th, 2018 - 01:36 GMT

Brent Oil Recovers Following OPEC Oil Output Cut Announcement

The minister reiterated that the financial statements for the first half of 2018 confirm the strength of the economy and that the country has overcome the ‘blockade’ imposed by Saudi Arabia and its allies. (Shutterstock)
December 11th, 2018 - 01:20 GMT

Qatar Projects Its 2019 Budget to Be Surplus

Federal Tax Authority’s Board of Directors Discusses VAT Refund Scheme for Foreign Businesses
December 10th, 2018 - 11:12 GMT

Federal Tax Authority’s Board of Directors Discusses VAT Refund Scheme for Foreign Businesses

During the event
December 10th, 2018 - 07:59 GMT

Abu Dhabi Fund for Development Discusses Collaboration Opportunities With Pan-African Parliament Delegation

The World Bank has also warned that Lebanon could lose loans if a prolonged political deadlock means they are not used. (Shutterstock)
December 10th, 2018 - 03:52 GMT

Lebanon Might Lose International Aid as No Cabinet Is in Sight

Currently 25% of trades between the two countries are being conducted by national currencies and this trend will continue. (Shutterstock)
December 10th, 2018 - 03:46 GMT

Iran, Russia Trading With National Currencies Targets US Sanctions

Companies with unclear Omanization policies will be given a yellow signal, while companies that fall short of meeting their quotas will receive a red signal, barring them from moving forward with hiring expat employees. (Shutterstock)
December 10th, 2018 - 03:39 GMT

Oman Tightens Omanisation Procedures With This New Expats Hiring Law

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