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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 Arabia will begin inspection raids on Monday for expatriate workers in the country without labor or residency status (Courtesy of Gulf Business)
November 4th, 2013 - 09:28 GMT

Saudis looking to hire, but where are the workers? KSA to begin deportations Monday

Al Bawaba
November 4th, 2013 - 08:44 GMT

The Lady Design ‘Historic’ Collection turns walls into legacies of ancient stone

UAE's strategic location, representing a "main gate that connects the [markets] of the East and the West," serves as a key attraction point for investors like Brazil (Courtesy of Khaleej Times)
November 4th, 2013 - 07:00 GMT

UAE to deepen economic ties with Brazil, trade investments projected to increase

Al Bawaba
November 4th, 2013 - 06:29 GMT

LG and Google introduce Google Nexus 5

One of Oman's largest economic sectors is tourism. The Sultanate hopes to have 12 million visitors by 2020 (Courtesy of One Oman)
November 3rd, 2013 - 11:48 GMT

Why this non-OPEC Gulf country is outpacing its GCC neighbors' economies

DuPont
November 3rd, 2013 - 08:39 GMT

DuPont receives 2013 Robert W. Campbell Award from National Safety Council

S&P says that Jordan's economic outlook remains negative due to the impact of the Syrian crisis on the country, including the refugee influx in Zaatari refugee camp and throughout the country (AFP/Getty Images)
November 3rd, 2013 - 07:45 GMT

Standard & Poor affirms Jordan's credit ratings, but outlook 'negative' from Syria crisis

Saudi Arabia ranks tenth lowest poverty rate globally according to the recent World Bank poverty report, but measuring poverty is often done in absolute rather than relative terms (Shutterstock)
November 3rd, 2013 - 06:47 GMT

Saudi Arabia touts tenth lowest poverty rate worldwide

Many US refineries are old and configured only to process oil crudes from sources in the Middle East (Courtesy of CNN)
November 3rd, 2013 - 06:27 GMT

US demand for Mideast crude projected to remain high

Al Bawaba
November 3rd, 2013 - 05:35 GMT

LG Electronics innovates “LATS CAD” software to design project schemes for heating systems, ventilation and air-conditioning systems

Samsung GALAXY ROUND
November 3rd, 2013 - 05:20 GMT

Samsung GALAXY ROUND pioneers the curved display smartphone experience

According to the statement, Valeo, which currently includes 580 Egyptian specialised engineers, is to hire 150 engineers annually over the next three years.
October 31st, 2013 - 01:49 GMT

French auto parts manufacturer expands its investments in Egypt's Smart Village

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