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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 sectors closed mostly in the red turf. (AFP)
October 1st, 2018 - 07:08 GMT

Kuwait Stocks in the Red Zone

This is the largest electric speed train project in the Middle East and an important addition to the Kingdom’s railway system. (Shutterstock)
October 1st, 2018 - 06:01 GMT

Opinion: Saudis Are Not Happy With the Haramain Express Train

The Saudi debt management office expects $11 billion of inflows as a result of the entry into the indexes, the Saudi ministry of finance said in a statement. (Shutterstock)
October 1st, 2018 - 04:42 GMT

JP Morgan Bond Index Entry to Inject Saudi Arabia With $11 Billion

During the event
September 30th, 2018 - 11:15 GMT

18 Companies Awarded Dubai Chamber CSR Label for H1-2018

According to the statement, Kawar announced Jordan’s commitment in narrowing the gap by transferring wages electronically in sectors where women dominate. (Shutterstock)
September 30th, 2018 - 07:48 GMT

Jordan's Gender Pay Gap Highest at Health Sector, at 31.8 Percent

Qatar’s budget outlays for this current fiscal year are based on an assumed oil price of $45 a barrel, but if the oil prices continue to coast as they do now, Seetharaman said investments would flow into the country. (Shutterstock)
September 30th, 2018 - 07:19 GMT

Qatar’s Resilience Post Blockade - Business as Usual?

“We remain, despite the blockade, the world’s top exporter of LNG. Our reserves and funds are estimated to stand at 250 percent of the GDP, whether it is in cash reserves of in sovereign wealth fund investments. These are sufficient to sustain the country for another couple of decades.” (Shutterstock)
September 30th, 2018 - 07:01 GMT

Qatar’s Banking, Energy Sectors Stable and Profitable Despite Siege

The grant focuses on the rehabilitation of water networks, distribution and drainage networks in Yemen and water supply stations to prepare them for civilian use. (Shutterstock)
September 30th, 2018 - 06:51 GMT

Qatar Supplies 19.3 Million Yemenis With Water and Sanitation Projects Amidst the Saudi-UAE Led War on Yemen

FTA Director General Khalid Ali Al Bustani
September 30th, 2018 - 06:45 GMT

Federal Tax Authority Introduces Retailers in Northern Emirates to Simplified Procedure for Registering In the Tax Refunds for Tourists Scheme

Egypt began setting a monthly customs exchange rate in January 2017, following the liberalization of its currency in November 2016. (Shutterstock)
September 30th, 2018 - 06:32 GMT

Egypt to Stick to EGP16 to $1 for October

European Union Foreign Policy Chief Federica Mogherini said on Wednesday a so-called Special Purpose Vehicle (SPV) will facilitate trade with Iran and it will go into force before November. (Shutterstock)
September 30th, 2018 - 06:23 GMT

Iran Urges EU to Launch the New Financial Mechanism Ahead of Looming US Sanctions

During the meeting
September 30th, 2018 - 05:10 GMT

Dubai Customs Discusses Boosting Cooperation With Japanese Businesses

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