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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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EU powers are in talks over launching a payments channel that would enable European companies to trade with Iran. (Shutterstock)
September 16th, 2018 - 08:09 GMT

EU to Launch Finance Tool to Dodge US Sanctions on Iran

In the past month, 1.8 billion euro has been paid for importing basic goods including oil, meat, rice, medical equipment. (Shutterstock)
September 16th, 2018 - 07:57 GMT

Importing Basic Goods Cost Iran €3.2 Billion

The private sector has urged the government to suspend or even cancel the lump sum tax because most businesses are not generating enough revenues to make ends meet. (Shutterstock)
September 16th, 2018 - 07:45 GMT

Lebanon Yields to Private Sector and Suspends Fixed Tax

As foreigners leave, services and real estate sectors slow. (AFP)
September 16th, 2018 - 07:39 GMT

Report: Kuwaitization Might Be Constraining the Economy

Qatar and Spain have agreed to establish an institutional framework for co-operation to achieve common objectives. (Shutterstock)
September 16th, 2018 - 07:28 GMT

Qatar, Spain to Increase Bilateral Investments

According to the International Monetary Fund, the rate of real (inflation-adjusted) world GDP growth averaged 3.7 percent in 2000-2010. (Shutterstock)
September 16th, 2018 - 06:50 GMT

Is the Global Economy Recovering Since 2008 Crisis?

The UAE passport has moved up the ranks again among the most powerful in the world. (Shutterstock)
September 16th, 2018 - 06:30 GMT

UAE Passport 9th Most Powerful in the World

The ministry is seeking to boost trade and investment cooperation with other African countries. (Shutterstock)
September 13th, 2018 - 10:26 GMT

African Export-Import Bank Allocates $2 Billion to Egypt's Financing Programs

IranAir signed a contract worth over $400 million with the Franco-Italian aircraft manufacturer in 2017 for the delivery of 20 ATR 72-600s. (Shutterstock)
September 13th, 2018 - 10:01 GMT

IranAir to Sue ATR Over Breaching $400 Million Deal Under US Sanctions

would likely begin to benefit some of the 200 primary health care facilities across Lebanon in 2019 (Shutterstock)
September 13th, 2018 - 09:29 GMT

Lebanon Approves $150 Million in Soft Loans for Healthcare

The rise of Islamic finance startups in recent times is increasingly opening the industry up to innovations. (Shutterstock)
September 13th, 2018 - 09:17 GMT

Will Islamic Scholars Catch up With Islamic Finance Startups?

Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector. (Shutterstock)
September 13th, 2018 - 08:49 GMT

Iran's Tax Revenues Surpass $8.5 Billion in 4 Months

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