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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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King Salman issued a royal order this week to establish a nationwide fund, the National Development Fund. (AFP/ File)
October 4th, 2017 - 01:36 GMT

Saudi King Orders Establishment of National Development Fund

The visa condition for families joining an expat employee has been changed from 600 rials ($1,558) to 300 rials ($779). (File photo)
October 4th, 2017 - 12:41 GMT

Minimum Wage for Expats Bringing in Families Slashed in Oman

Jordan was ranked 39th freest economy globally and second regionally after the UAE. (File photo)
October 4th, 2017 - 12:27 GMT

Jordan Second-Freest Economy in the Middle East, After UAE

The country is working to double local production of food items within a year of the beginning of the blockade. (AFP)
October 4th, 2017 - 08:33 GMT

Qatar to Double Production of Food Items as It Deals With Saudi-Led Blockade

Gas-rich Algeria and Jordan will work together to develop economic ties. (File photo)
October 3rd, 2017 - 01:19 GMT

Jordan, Algeria Announce Joint Business Council

Egypt’s foreign reserves jumped to $36.534 billion in September from $36.143 in August. (AFP/ File)
October 3rd, 2017 - 12:57 GMT

Egypt’s Foreign Reserves Up $391 Million in September: Central Bank

King Salman bin Abdulaziz will kick off on Thursday his first official visit to Russia. (AFP/ File)
October 3rd, 2017 - 12:44 GMT

King Salman Visits Russia Thursday, $10 Billion Expected in Joint Projects

Abu Dhabi has been investing billions of dollars in infrastructure, tourism sectors to boost its non-oil growth in an era of low oil prices. (File photo)
October 3rd, 2017 - 11:46 GMT

Abu Dhabi Expects 3 Percent GDP Growth in 2018

Just like the rest of the UAE, passengers at Dubai’s airports will have to pay a 'sin' tax. (Shutterstock)
October 3rd, 2017 - 11:11 GMT

Sin Tax Will Apply to Travelers Through Dubai Airports Too: Official

Saudi Arabia aims to raise the participation of SMEs in the macro-economy from 20 percent to 35 percent by 2030. (AFP/ File)
October 2nd, 2017 - 12:03 GMT

Four in 10 Startups in Saudi Arabia Are Owned by Women

Oman was Qatar’s top non-oil exports destination in August, with 45 percent of the total exports. (File photo)
October 2nd, 2017 - 11:49 GMT

Qatar’s Non-Oil Exports up 35 Percent in August, Despite Blockade

Hospitals and clinics in Kuwait to apply new fees for expats, starting Sunday. (AFP)
October 1st, 2017 - 01:43 GMT

Kuwait Sees Significant Increase in Expat Medical Fees, Starting October 1

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