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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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Investcorp has invested more than GBP 250 million across its portfolio of UK and European real estate assets since June 2017. (Shutterstock)
November 1st, 2018 - 08:37 GMT

Investcorp Puts More Eggs in UK Basket With Industrial Units Acquisitions in Scotland

Bahrain’s Apm Terminals IPO to Raise Over $30 Million. (Shutterstock)
November 1st, 2018 - 08:31 GMT

Bahrain’s APM Terminals IPO to Raise Over $30 Million

Qatar has been praised for its rapid labour reforms. (Shutterstock)
November 1st, 2018 - 07:45 GMT

Qatar Fund Aims to Help Migrant Workers in Bid to Meet UN Obligations

“Unfortunately, often when that tax goes up the illicit trade will go up,” said LeMoult, speaking at the third Global Illicit Trade Forum in Abu Dhabi. (Shutterstock)
November 1st, 2018 - 03:30 GMT

Illicit Trade in GCC Rises as VAT and Taxation Increase

On Tuesday, the executive director of the International Energy Agency (IEA), Fatih Birol, warned that high oil prices hurt consumers and could harm producers. (Shutterstock)
November 1st, 2018 - 03:25 GMT

Oil Prices Rising Despite Output Increase and Iran Sanctions

The Algerian state-owned Sonatrach developed a strategic vision for 2030 to become one of the world's top five oil corporations, Guitouni pointed out. (Shutterstock)
November 1st, 2018 - 03:20 GMT

Algeria Taps Into Shale Gas Reserves, With Production Slated Within Five Years

The U.S. reimposed other non-oil sanctions in August, but next week's tranche is expected to have the greatest economic effect. (Shutterstock)
November 1st, 2018 - 03:14 GMT

US May Grant Waivers as Iran Sanctions Loom

As the U.S. financial system increasingly becomes an extension of Trump’s national-security policy, European policymakers have begun to lament the “tyranny” of the dollar. (Shutterstock)
November 1st, 2018 - 03:09 GMT

How Trump Is Using the Dollar to Reshape the Middle East

The award ceremony was part of the second day of the Global Islamic Economy Summit 2018.
October 31st, 2018 - 12:41 GMT

Al Mansoori Honours Global Islamic Business Award Winners

The center has also provided health and food aid to the Yemeni people. (SPA)
October 31st, 2018 - 09:24 GMT

Saudi's KSRelief Donates $1.9 Billion in International Aid

South Korea Joins Turkey in Seeking Iran Waiver Ahead of Sanctions. (Shutterstock)
October 31st, 2018 - 09:19 GMT

South Korea Joins Turkey in Seeking Iran Waiver Ahead of Sanctions

The delay has held up economic reforms that have been put off for years but are now seen as more pressing than ever. (Shutterstock)
October 31st, 2018 - 09:14 GMT

With Mounting Economic Pressure, Lebanon Might Succeed in Forming a Government

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