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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 prayer rugs, however, are made by Saudi females trained at the academy thus the materials are supplied to their houses where  the weaving is implemented.
October 3rd, 2013 - 11:49 GMT

Fancy a prayer-rug themed Toyota? Yes, it's possible.

Projects worth around $1 billion have been ordered since Saudi Arabia decided to push ahead with its IWPP program.
October 3rd, 2013 - 11:39 GMT

What oil? Saudi Arabia major player in world's water market

The GCC made a big jump in the volume of intra-regional trade of GCC from $32 billion in 2005 to $100 billion last year.
October 3rd, 2013 - 10:25 GMT

Gulf states keen on taking their relationship further

Jordan produces around 5 per cent of its needs of wheat, while the rest is imported from other countries, mainly the US
October 3rd, 2013 - 10:04 GMT

Businessmen encouraged to invest in wheat cultivation in Russia

North American airlines saw demand rise 5.1 per cent over a year ago, the slowest growth for any region but still close to double the year-to-date increase of 2.7 per cent.
October 3rd, 2013 - 09:57 GMT

The one thing that seems to be doing exceptionally well in the Middle East? Airlines!

If you are seen as someone who makes mistakes but will never apologise for them, that can cause dissent within the team and members will start to feel insecure and, ultimately, be reluctant to work for you.
October 2nd, 2013 - 11:53 GMT

Sorry seems to be the hardest word? In the workplace, it shouldn't be

The GDP growth rate on average is likely to taper off due to the decline in energy export revenues which marked a historic high in 2012.
October 2nd, 2013 - 07:27 GMT

The glass half full? Arab countries' GDP growth reached 4.8%

The President of Ecuador, His Excellency Rafael Correa during his meeting with the Chairman of DP World, His Excellency Sultan Ahmed Bin Sulayem, in the presence of Mohammed Sharaf, Group Chief Executive Officer, DP World and a number of officials in the Ecuadorian Government
October 2nd, 2013 - 06:26 GMT

DP World chairman meets Ecuador President in Quito

During the visit
October 2nd, 2013 - 05:13 GMT

Dubai Customs receives a high-profile delegation from the Saudi Customs

Al Bawaba
October 2nd, 2013 - 04:36 GMT

Dubai Chamber CEO Dialogue sheds light on Dubai’s global leadership in retail

"As it is, 80 percent of energy subsidies do not benefit those in need," explained Galal, who added that state fuel subsidies had reached between LE128 and 130 billion annually.
October 2nd, 2013 - 04:30 GMT

A farewell gift? Egypt's interim govt to cut subsidies, change taxes before leaving

Since the 2011 revolution which overthrew long-time autocrat Hosni Mubarak, the judicial system has issued at least 11 rulings annulling privatisation deals made during his tenure.
October 1st, 2013 - 02:03 GMT

Egypt's cotton to stay Egyptian

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