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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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Al-Faisaliah project is an important developmental step in the Kingdom’s march towards diversifying the economy and activating partnership with the private sector. (AFP/ File)
February 1st, 2018 - 08:43 GMT

Mecca's New Al-Faisaliah City Project to Provide 1 Million Jobs: Official

President Donald Trump and Jerome Powell, governor of the U.S. Federal Reserve and Trump's nominee for chairman of the Federal Reserve, walk to a nomination announcement in the Rose Garden of the White House in Washington, on November 2, 2017. (Saul Loeb/ AFP)
January 31st, 2018 - 06:00 GMT

Meet Jerome Powell, America’s New Top Banker

The 2018 budget will be the last budget for Prime Minister Narendra Modi's government ahead of 2019's general elections. (Tobias Schwarz/ AFP)
January 31st, 2018 - 10:41 GMT

India's Budget 2018: What's in It for Non-Resident Indians?

Dubai Financial Services Authority (DFSA)
January 31st, 2018 - 10:23 GMT

Dubai's DFSA Publishes Findings of Client Classification and Suitability Review

The U.S. Chamber looks forward to working in close collaboration with the Oman American Business Center.
January 31st, 2018 - 06:54 GMT

Oman American Business Center Joins the US Chamber of Commerce

After posting healthy surpluses for 16 successive years, Kuwait has posted a budget deficit in each of the past three years after oil prices began to slide in mid-2014. (AFP/ File)
January 30th, 2018 - 04:00 GMT

Kuwait Projects Deficit in 2018/19 Budget, for Fourth Year in a Row

On Monday, German carmakers came under fire following revelations that they helped finance experiments which saw humans and monkeys exposed to toxic diesel fumes. (Pexels)
January 30th, 2018 - 01:38 GMT

Monkey Scandal in Germany: Do Animal Rights Matter in Corporate West?

The initiative aims to enhance the awareness of commercial enterprises about the application of value-added tax (VAT) in accordance with the law.
January 30th, 2018 - 12:04 GMT

DED-Ajman Organizes VAT Awareness Campaign for Outlets in Shopping Malls

The Saudi Minister of Labor Dr. Ali Al-Ghafees issued a decision on Monday restricting work in 12 activities and occupations to Saudis. (AFP/ File)
January 30th, 2018 - 10:31 GMT

Foreigners Banned from Working in 12 Jobs: Saudi Minister

Egypt and the US are keen to promote economic and trade cooperation in various fields. (Pictured here: Tareq Qabil, Egypt's Minister of Trade and Industry/ AFP)
January 30th, 2018 - 10:16 GMT

Egypt's Non-Oil Exports to US up 18 Percent in 2017: Minister

Some GCC countries could double the VAT rate to 10 percent, analysts said on Sunday. (File photo)
January 29th, 2018 - 11:22 GMT

Some GCC Countries Could Double VAT to Boost Revenue: Analysts

Abdullah Bin Ahmed Al Saleh, Ministry’s Undersecretary for Foreign Trade Affairs
January 29th, 2018 - 10:54 GMT

UAE Ministry of Economy Organizes a High-Level Delegation to Visit Malaysia and Singapore

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