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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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Target growth stands at 5.8% of the GDP. (Shutterstock)
June 6th, 2018 - 09:50 GMT

10 Things You Need to Know About Egypt's New Budget

Protesters gather near the Fourth Circle in Amman calling for withdrawal of new income tax draft law from the Parliament on Tuesday. (Jordan Times)
June 6th, 2018 - 07:23 GMT

Professional Associations in Amman to Go Ahead With Strike Today

Over 3,300 Iftar meals are being distributed every day, a total of over 100,000 meals during Ramadan to DP World.
June 5th, 2018 - 10:44 GMT

DP World, UAE Region Marks Year of Zayed With Ramadan Community Initiatives

Dr. Raed Kombargi, partner with Strategy& Middle East
June 5th, 2018 - 10:34 GMT

GCC Must Make the Right Decisions to Harness the Potential of Renewable Energy

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector. (Shutterstock)
June 5th, 2018 - 10:17 GMT

UAE Non-Oil Private Sector Growth Accelerates to Four-Month High

One has to work almost 6 days to earn enough to buy an iPhone X. (Shutterstock)
June 5th, 2018 - 07:40 GMT

Riyadh Among World’s Costly Cities

Egypt witnessed a 22 % annual growth in the total amount of online payments, estimated at $6.2 billion of transactions in 2016. (Shutterstock)
June 5th, 2018 - 06:51 GMT

Egypt Plans to Impose VAT on All Online Transactions

Trading and gains should be further bolstered in the bourses following the decision to transform the Abu Dhabi Investment Council (ADIA) into a public shareholding company under Mubadala. (Shutterstock)
June 4th, 2018 - 10:07 GMT

UAE Bourses Forecast to Rise in June

The Shacklewell Lane Mosque in Dalston, east London, has decided to accept bitcoin and other cryptocurrencies. (AFP)
June 4th, 2018 - 09:18 GMT

This London-Based Mosque Now Accepts Donations in Bitcoin!

Qatar's real gross domestic product (GDP) will accelerate from 2.6 percent in 2018 to 2.7 percent in 2019. (Shutterstock)
June 4th, 2018 - 08:13 GMT

Qatar's Economic Growth to Accelerate in 2019: IMF

The proposed law seeks to increase the number of income tax payers from 90 per cent to 95 per cent. (Shutterstock)
June 4th, 2018 - 07:13 GMT

New Tax Law Vital for Jordan’s Credit Rating

Tarawneh added that the law also does not require those who are less than 18 years old to provide income tax statements. (Shutterstock)
June 3rd, 2018 - 09:51 GMT

Expats’ Incomes in Jordan Still Exempted From Income Tax

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