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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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The Gulf's six oil-exporting countries originally agreed to introduce a five per cent value-added-tax (VAT) at the start of 2018. (Shutterstock)
October 31st, 2018 - 09:11 GMT

Kuwait Will Not Abandon Economic Reforms Despite Higher Oil Prices

Every expatriate worker moving from private to public sector must obtain approval of the Civil Service Commission based on relevant regulations. (Shutterstock)
October 31st, 2018 - 09:02 GMT

In Kuwait, New Rules to Be Announced for Transfer of Expat Workers Visa

Over the five-year period, employment potential in the SME sector is expected to touch 22 million from the current 17 million in GCC. (Shutterstock)
October 31st, 2018 - 08:56 GMT

SMEs in GCC to Hit $920 Billion in Five Years

The new law will reflect positively on advancing the UAE's rankings across global competitive indices. (Shutterstock)
October 31st, 2018 - 08:42 GMT

New FDI Law to Advance UAE's Rankings Across Global Competitive Indices

The emirate is introducing new efforts and initiatives to facilitate trade in halal economy sub-sectors. (Shutterstock)
October 31st, 2018 - 08:34 GMT

Dubai Nabs Top Position as Islamic Economy Hub

Through the decade, the Saudi government has funneled $354 million into 37 different schools across the U.S. (Shutterstock)
October 31st, 2018 - 08:17 GMT

US Schools Deliberating on Their Saudi Funding Post Khashoggi Murder

Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed political and economic ties with Qatar in June 2017, imposing an unjust siege. (Shutterstock)
October 31st, 2018 - 07:47 GMT

US Puts Pressure on Saudi Arabia to Cease Qatar Blockade, Yemen War

Arab Economic Integration Might Be Around the Corner
October 30th, 2018 - 09:17 GMT

Arab Economic Integration Might Be Around the Corner

The UAE ranks number one globally while Malaysia once again tops the Global Islamic Economy Indicator in the State of the Global Islamic Economy Report 2018-19. (Shutterstock)
October 30th, 2018 - 08:43 GMT

UAE Ranks First Globally In Islamic Economy

Foreigners investors sold a net SAR 2.34 billion ($624 million) in the Saudi stock market in the week ending 25 October. (Shutterstock)
October 30th, 2018 - 08:23 GMT

Foreigners Selling Saudi Stocks Slows Down to $624 Million, Following Khashoggi Murder

The ITU is governed by the plenipotentiary conference and the administrative council. (Arab News)
October 30th, 2018 - 07:58 GMT

Will Saudi Arabia Be Allowed to Keep Its International Telecommunication Union Membership?

During the meeting, the Board discussed a detailed report outlining the FTA’s achievements over the past period.
October 30th, 2018 - 05:49 GMT

Federal Tax Authority’s Board of Directors Adopts Budget for 2019

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