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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 sharp decline in world's stock markets in recent days will not lead to postponing the issuance of bonds by Egypt, according to a source at the Central Bank of Egypt. (Pictured here: Egyptian President Abdel Fattah el-Sisi/ AFP)
February 7th, 2018 - 02:29 GMT

Stock Markets Crisis Will Not Affect Egypt’s Bonds Issuance: Central Bank

A weak dollar means the potential for a global currency war is strong. (File photo)
February 7th, 2018 - 12:05 GMT

Opinion: A Currency War Is Taking Shape Around a Weak Dollar

Turkey intends to do its own 'unique work' on cryptocurrency, Deputy Prime Minister Mehmet Simsek said on Tuesday. (Pixabay)
February 7th, 2018 - 11:45 GMT

Turkey Has 'Unique Plans' for Cryptocurrency, Says Minister

The agency made the emergency appeal as it faces a projected deficit of $200 million in its emergency budget for this year.
February 7th, 2018 - 11:28 GMT

UNRWA Staff to Hold One-Hour Protest Against US Aid Cut Thursday

Abdulla Bin Damithan receiving the award from Sheikh Abdullah bin Salem Al Qasimi, Deputy Ruler of Sharjah.
February 7th, 2018 - 10:00 GMT

DP World, UAE Region Wins 'Top Ten Gulf Enterprises' Award

The emirate ranked 7th among the leading cities of the world attracting Dh25.5 billion in FDI.
February 7th, 2018 - 09:09 GMT

Dubai Ranks 7th Largest Foreign Investment Destination in the World, With Dh25.5 Billion

The sell-off across world stock markets on Monday sent investors rushing into the dollar, helping the US currency perform well against the euro, British pound and other commodity-linked currencies. (Jewel Samad/ AFP)
February 6th, 2018 - 12:55 GMT

From Dow Jones to Bitcoin: Top 5 Things You Need to Know Today

The new housing policy is part of Prince Mohammed bin Salman’s Vision 2030 for economic transformation in Saudi Arabia. (File photo)
February 6th, 2018 - 12:08 GMT

Saudi Arabia Spends $32 Billion to Privatize Its Housing Market: Bloomberg

The achievement demonstrates DED-Ajman's commitment towards meeting and complying with the highest set international standards.
February 6th, 2018 - 10:52 GMT

Department of Economic Development Ajman Receives Three New ISO Certifications

Companies will pay a fine of SR2,000 ($533) if found to be keeping a worker’s passport, residence or medical insurance card without consent. (AFP/ File)
February 5th, 2018 - 04:00 GMT

Companies to Pay Fines for Holding Workers’ Passports: Saudi Arabia

Jebel Ali Port has rolled out a major plan to meet the projected increase in demand for breakbulk and project cargo.
February 5th, 2018 - 09:46 GMT

DP World, UAE Region Showcases Services at Breakbulk Middle East 2018

Russia and America
February 5th, 2018 - 09:24 GMT

Opinion: Russian Money Insidiously Warping the American System

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