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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 drop in total crypto market cap further below $400 billion signalled the lack of the demand for cryptos amid widespread selling. (Pixabay)
May 17th, 2018 - 07:30 GMT

Bitcoin Falls as 'Consensus Pump' Fails to Materialise

May 17th, 2018 - 05:39 GMT

Ports, Customs, and Free Zone Corporation Takes Part in the Institute of Internal Auditors International Conference 2018

The ITL programme enables firms to test innovations in financial technology (FinTech) in or from the Dubai International Financial Centre (DIFC).
May 16th, 2018 - 02:11 GMT

DFSA Expands Fintech Innovation Testing Programme

The regulations apply to all electronic media activities carried out within the UAE, including those in free zones. (Pexels)
May 16th, 2018 - 12:00 GMT

Social Media Influencers in UAE Urged to Register by Month-End

During the meeting, H.E. Skvernelis spoke about Lithuania’s plans to expand infrastructure at its airports and ports.
May 16th, 2018 - 10:32 GMT

Lithuanian Prime Minister highlights prospects for expanding cooperation with UAE

Oil prices briefly rose above $79 a barrel on Tuesday, making the prospect of introducing a new levy in a country unused to taxation is even less appealing. (Pexels)
May 16th, 2018 - 09:00 GMT

Kuwait Postpones VAT on Recovering Oil Revenues

Blockchain — which acts as a digital public ledger that records transactions — could cut out the need for much of this paper-based documentation. (Shutterstock)
May 16th, 2018 - 08:07 GMT

Blockchain and Fintech Can Bridge Global Trade Gap

According to recent statistics, the Mice sector's annual contribution to the UAE economy stood at Dh2.39 billion and is anticipated to grow to Dh5.1 billion by 2020. (Pexels)
May 16th, 2018 - 07:45 GMT

VAT Refund to Boost MICE Industry in the UAE

Mortgage buyers are advised to secure the home of their dreams before repayment costs increase. (Shutterstock)
May 16th, 2018 - 07:40 GMT

A Home in Dubai? New Opportunity for Expats

Jafza’s top markets by region were the Middle East at 40%, Asia at 31% and Europe at 13%.
May 15th, 2018 - 11:05 GMT

Jafza Generates Over $83 Billion in Trade

The upward move in the largest crypto came after hitting a low of $8,204.50 on Saturday, its lowest level since April 19. (Shutterstock)
May 15th, 2018 - 07:28 GMT

Bitcoin Bounces Back From 3-Week Low

Meeting with the Latvian President H.E Raimonds Vejonis.
May 15th, 2018 - 05:40 GMT

Latvian President Affirms Commitment to Boost UAE Ties

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