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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 Kingdom of Saudi Arabia (KSA) could be heading for financial turmoil, potentially posting a deficit in 2015.
September 30th, 2014 - 03:55 GMT

Kingdom in debt, Kingdom in danger: Saudi Arabia's pending deficit raises frightening possibilities

The key driver of Mohamed Yousuf Naghi Motors’ solid performance in the first half of the year was the recently launched Rolls-Royce Wraith.
September 29th, 2014 - 04:33 GMT

A tad unsurprising? Saudi Arabia biggest Rolls Royce market in the Middle East

The UAE’s Ministry of Health has announced a price reduction for around 422 innovative and produced drugs, as part of its initiative to stem the surging cost of medicines in the country.
September 29th, 2014 - 11:54 GMT

No profiteering off illness: UAE slashes prices of 422 drugs

As per the deal, these companies will manufacture, supply and implement a feeder line project in the capital from the water tanks to three different locations within the city.
September 28th, 2014 - 06:09 GMT

Saudi Arabia keeps things local with selection of three companies to deliver $373 million water project

Al Bawaba
September 28th, 2014 - 07:57 GMT

PepsiCo-Jordan releases new energy drink ‘Sting’ in Jordanian Market

Al Bawaba
September 28th, 2014 - 05:07 GMT

Dubai Customs to showcase latest smart services and technological breakthroughs at GITEX 2014

Al Bawaba
September 28th, 2014 - 04:55 GMT

Eid came early? iPhone 6 makes it to Dubai, sells out on first day

 Already, almost 180,000 children between 6 months old and five years are being treated for severe acute malnutrition.
September 28th, 2014 - 03:55 GMT

'Dead aid': is there any hope left for South Sudan's economy?

Al Bawaba
September 25th, 2014 - 10:21 GMT

Why the ME's high net worth individuals should be investing in family businesses

Al Bawaba
September 25th, 2014 - 07:49 GMT

Israel's GDP per capita growth 'close to zero'

Canon
September 25th, 2014 - 10:05 GMT

Canon to showcase sustainable practices for hospitality sector at The Hotel Show 2014

The announcement came after Madbouly’s visit  to the United States this week to meet with World Bank officials, a Tuesday statement from the ministry said.
September 25th, 2014 - 04:55 GMT

World Bank to grant Egypt $1.5 billion for sanitation, housing projects

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