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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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Saudi Crown Prince Mohammed Bin Salman this week launched an anti-corruption probe that resulted in the arrest of key business people, including Prince Alwaleed bin Talal. (AFP/ File)
November 6th, 2017 - 03:05 GMT

Podcast: Saudi Corruption Probe, New Fed Chief and Other Stories This Week

No VAT will apply on exports to countries outside the GCC region. (AFP/ File)
November 6th, 2017 - 11:05 GMT

No VAT on Rents, Medications or Non-GCC Exports: Saudi Arabia

Kuwait has banned the recruitment of expats who are under 30 years of age. Pictured here: Kuwait's Emir, Sabah Al-Ahmad Al-Jaber Al-Sabah. (AFP/ File)
November 5th, 2017 - 07:00 GMT

Kuwait Bans Work Visas for Expats Younger Than 30 Years Old

Tadawul remained the dominant exchange in the GCC in terms of IPO proceeds. (AFP/ File)
November 5th, 2017 - 05:00 GMT

Four IPOs Issued in the GCC in Q3 2017

The campaign aimed to review the compliance of supervisors of these residences with the delivery of services and means of living to workers in a civilised manner.
November 5th, 2017 - 12:10 GMT

Abu Dhabi Municipality Issues 66 Offences to Workers Quarters at Wathba South

Shares of Kingdom Holdings tumbled nearly 10 percent on Sunday. (AFP/ File)
November 5th, 2017 - 11:27 GMT

Kingdom Holding’s Shares Crash After Arrest of Prince Alwaleed in Anti-Corruption Probe

Qatar's strong fiscal position and relatively diversified economy will propel economic activity going forward in the country. (File photo)
November 2nd, 2017 - 10:16 GMT

Strong Fiscal Position to Bolster Qatar Economy: Report

Bahrain has been among the hardest hit countries in the Gulf Cooperation council by the drop in oil prices. (Shutterstock)
November 2nd, 2017 - 07:03 GMT

Bahrain Asks Gulf Allies for Financial Aid

Saudi Arabia has made the most progress in terms of female economic participation since the WEF report began in 2006. (Shutterstock)
November 2nd, 2017 - 05:59 GMT

World Economic Forum Praises Slow, but Sure, Progress in Closing Saudi Gender Gap

The forum organised by the Dubai Chamber is taking place November 1st and 2nd at Dubai’s Madinat Jumeirah.
November 1st, 2017 - 12:26 GMT

Global Business Forum on Africa 2017 off to a Strong Start With High-Level Participation

Companies that fail to pay workers on time will be fined up to SAR3,000 ($800). (File photo)
November 1st, 2017 - 11:43 GMT

Saudi’s Wage Protection System Now Applies to Smaller Firms

Almost 40 percent of the startups launched in 2016 were owned by women. (Shutterstock)
November 1st, 2017 - 10:47 GMT

Saudi Women Seize New Business Opportunities

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