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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 government will cut public spending by JD150 million this year and will implement a series of projects to improve services, said Prime Minister Omar Razzaz. (AFP)
June 20th, 2018 - 08:20 GMT

Jordanian Government to Cut Public Spending by JD150 Million

Luxury hotel units at Al Mahra Resort by Cristal can now be purchased in Bitcoins or similar digital currency. (Shutterstock)
June 20th, 2018 - 06:44 GMT

Luxury Hotel Units in UAE Available for Purchase in Bitcoin

Under the new initiative called 'Protect yourself by modifying your status'. (shutterstock)
June 20th, 2018 - 06:39 GMT

UAE to Offer Grace Period for Illegal Residents

According to the Ministry of Manpower, there are several types of work visas available in Oman. (Shutterstock)
June 20th, 2018 - 06:30 GMT

More Firms Go for Short Term Omani Work Visas for Expats

Bitcoin and similar cryptocurrencies have "a range of shortcomings" that prevent them from becoming usable government-backed currencies. (Shutterstock)
June 19th, 2018 - 09:23 GMT

Banking Experts: Cryptocurrencies Can't Work as Real Money

With its vast reserves, low extraction costs and high spare capacity, Saudi Arabia will continue to remain the dominant power broker in the OPEC and international energy markets. (Shutterstock)
June 19th, 2018 - 08:06 GMT

A Look at Saudi Arabia and the New Economics of Oil

The number of female doctors rose from 2,053 in 2012 to 2,403 in 2016. (Shutterstock)
June 19th, 2018 - 07:55 GMT

Growing Number of Women Doctors in Oman, Says Study


OPEC is about to hold what’s likely to be its most difficult meeting in years. (Shutterstock)
June 19th, 2018 - 07:14 GMT

Saudi Oil Chief Faces Toughest OPEC Test After Reviving Market

They will also be exempted from fines. (Shutterstock)
June 19th, 2018 - 07:04 GMT

One-Year UAE Residency Visa for People in War, Disaster Zones

His Excellency Khalid Ali Al Bustani, Director General of the FTA
June 19th, 2018 - 05:11 GMT

Federal Tax Authority Receives Businesses’ VAT Returns for Tax Periods Ending May

Director of Dubai Customs Ahmed Mahboob Musabih welcomed the Chinese delegates who came from Yiwu City in Zhejiang Province.
June 18th, 2018 - 10:53 GMT

Dubai Customs Showcases Its Experience to Chinese Delegates


Cryptocurrencies are too unstable to ever serve as bona fide mediums of exchange in the global economy. (Shutterstock)
June 18th, 2018 - 09:46 GMT

Bitcoin Could Break the Internet, Central Bank Overseer Says

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