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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 scheme has been launched in one emirate, and will be rolled out across the country soon. (Shutterstock)
September 11th, 2018 - 06:36 GMT

UAE Rolls out New Private Sector Jobs System

Bitcoin, the first and most popular cryptocurrency, lost about 15% of its value last week. (Shutterstock)
September 10th, 2018 - 08:27 GMT

Despite Losses, Cryptocurrencies Gain Ground in Asia

Iran’s imports of the U.S. in July reached $35.7 million. (Shutterstock)
September 10th, 2018 - 08:14 GMT

US - Iran Trade Reaches $60.7 Million in July Despite Sanctions

Business activity increased once again in Dubai’s non-oil private sector. (Shutterstock)
September 10th, 2018 - 07:36 GMT

Dubai Non-Oil Private Sector Economy Sees Slow Improvement Over Four Months

There were a total of 241,076 employees working in the wholesale business involving 36,379 establishments by the first quarter of 2018.
September 10th, 2018 - 06:55 GMT

Report: Expats Occupy More Than 70 Percent of Jobs in Wholesale Sector

Saudi companies are more optimistic about revenue growth than they were last year. (Shutterstock)
September 10th, 2018 - 06:40 GMT

Survey: Ernst & Young Predicts 10 Percent Growth for Saudi Companies

The new licenses need to obtain a 'No Objection Certificate' for the first year. (Shutterstock)
September 10th, 2018 - 06:31 GMT

Abu Dhabi New Guidelines to Facilitate Economic Licenses

Gold bonds and lease certificates will be issued to individual investors. (File/ Photo)
September 9th, 2018 - 09:00 GMT

Turkish Treasury to Issue New Gold-Based Securities

Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies. (Shutterstock)
September 9th, 2018 - 08:58 GMT

Iran, Russia, Turkey to Ditch US Dollar in Trade

Investment opportunities in the hotel sector will increase by over SR100 million. This will create over 15,000 job opportunities for Saudi young men and women. (Shutterstock)
September 9th, 2018 - 08:54 GMT

Saudis to Access 15,000 Job Opportunities

With the tax projected to be put into effect in the near future in the sultanate, OABC and EY are working with companies throughout Oman to help them with this transition. (Shutterstock)
September 9th, 2018 - 08:27 GMT

Oman Gears Up Public for VAT Seminars

Among oil and gas products, refined products shot up by 39 per cent while crude oil and natural gas price soared by 17.9 per cent. (Shuttertsock)
September 9th, 2018 - 08:22 GMT

Oman's Producer Price-Based Inflation Rises by 17.7 Percent

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