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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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On Sunday, Middle East equity markets were bullish. (AFP/ File)
April 16th, 2018 - 11:00 GMT

Week Ahead: How Will Geopolitical Risks Affect Global Markets, Oil Prices?

A company in Dubai has rolled out diamond-backed crypto assets and will sell it though blockchain technology. (Shutterstock)
April 16th, 2018 - 09:25 GMT

Diamond-Backed Crypto Assets Now Launched in Dubai

Whether cryptocurrencies are a good investment remains to be explored. (File photo)
April 15th, 2018 - 01:00 GMT

Gold or Cryptocurrencies? 3 Things You Need to Know Before You Invest

Egypt aims to cut petroleum subsidies by about 26%, and electricity subsidies by 47% in the draft budget for 2018/19. (File photo)
April 15th, 2018 - 11:43 GMT

Egypt Announces Deep Cuts in Petroleum, Electricity Subsidies in 2018/2019 Budget

Dubai on Saturday announced new economic initiatives to boost the emirates’s economy. (File photo)
April 15th, 2018 - 10:01 GMT

Dubai Unveils New ‘Stimulus Plan’ to Boost Economy: Details

As many as 811,000 expatriates have left the Kingdom on final exit visa in the past 18 months. (AFP/ File)
April 12th, 2018 - 04:10 GMT

Saudi Arabia: 1,500 Expats Leaving Every Day in Past 18 Months

King Abdullah Port has the world’s deepest 18-meter water berths and state-of-the-art processing facilities. (File photo)
April 12th, 2018 - 07:00 GMT

Saudi Arabia: King Abdullah Port 8th Fastest Growing Port in the World

The partnership agreement was signed by Sami Al Qamzi, Director General of DED, and Mohammed Al Ahli, Director General of the Dubai Civil Aviation Authority, in the presence of senior officials from both sides.
April 11th, 2018 - 10:13 GMT

Dubai's DED and DCAA Join Hands to Monitor Aviation-Related Businesses

Men and women in the UAE will be equally paid according to a new draft law. (Shutterstock)
April 11th, 2018 - 08:50 GMT

Equal Pay: UAE Announces Draft Law to Fix Gender Pay Gap

The private sector’s contribution to the gross domestic product of Saudi Arabia grew to 48 percent in 2017.  (Shutterstock)
April 11th, 2018 - 08:13 GMT

Saudi Arabia: Private Sector's Share in GDP up 48 Percent in 2017

The UAE donated the largest amount to war-torn Yemen. (AFP)
April 11th, 2018 - 07:54 GMT

UAE World’s Largest Donor by National Income, for Fifth Year: OECD

The forum sought to highlight the broad profile and attributes of developing and sustaining a smart city for future economic development.
April 11th, 2018 - 06:25 GMT

DED and Abu Dhabi University Co-Host Smart City Forum

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