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Hegseth during US Committee hearing
July 23rd, 2026 - 09:04 GMT
P. Choiaqo

P. Choiaqo

Hegseth asks Congress to increase defense budget to $1.5 trillion

ALBAWABA - Hegseth appeared before Congress yesterday to answer questions regarding the Iran war and the costs related to it; instead of answering, he bold-facedly requested Congress increase his department’s budget to $1.5 trillion. The Trump administration continues to push Congress for more funds to cover the heavy cost of the Iran war, Hegseth says it cost $37 billion so far and is asking for $70 billion more, while analysts ...
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What suppliers thought were mid- and long-term strategies have now become quite questionable in light of political changes in the US and EU. (AFP/File)
December 6th, 2016 - 11:00 GMT

US, EU protectionist policies may be a blessing in disguise for GCC suppliers

The study reveals that the workers in Luxembourg have the highest purchasing power, almost three times greater than those in Dubai. (Shutterstock)
December 6th, 2016 - 10:00 GMT

Dubai to Doha: How far can you stretch your dirham?

Gold has brought about better returns than other major Sharia-compliant asset classes in recent times. (File photo)
December 6th, 2016 - 09:00 GMT

Gold gets Sharia standard for financial investment

Budget airlines are playing an important role in strengthening the traffic in MENA. (File photo)
December 6th, 2016 - 08:00 GMT

Arab Aviation Summit: Combined regional fleet expected to double in next 25 years

The ongoing downtrend evident in Emirates NBD’s survey highlights that there will be no quick fixes to Egypt’s economic difficulties, even following the EGP devaluation earlier in the month. (Shutterstock)
December 6th, 2016 - 07:00 GMT

Egypt's non-oil activity sees fourth month of slowdown

The Kurdish Ministry of Natural Resources said its oil- and gas-dependent economy was a vital contributor to the funds necessary to support the fight against the Islamic State. (File photo)
December 6th, 2016 - 06:00 GMT

Kurdish oil reps court opportunities in London

The planned transaction includes an agreement for Etihad to acquire the 49.8 per cent share indirectly held by airberlin in its subsidiary airline NIKI Luftfahrt. (File photo)
December 6th, 2016 - 05:20 GMT

Etihad and Germany's TUI in joint venture to form new European airline group

Naguib Sawiris is the eldest son of Onsi Sawiris and brother of Samih and Nassef. (Twitter)
December 5th, 2016 - 01:00 GMT

Egyptian Billionaire Naguib Sawiris resigns as CEO of Orascom

Any production increase from Libya and Nigeria will naturally dilute the impact of the agreed production cuts. (Shutterstock)
December 5th, 2016 - 12:00 GMT

OPEC's poor history of compliance will make production cut deal a challenge

Iran has in recent years made great achievements in the field of production of different drugs and medical equipment. (Shutterstock)
December 5th, 2016 - 11:00 GMT

Iran eyes export opportunities in MENA's pharmaceuticals market

Reto Gregori, Deputy Editor-in-Chief, Bloomberg, who will open the Summit Wednesday morning.  (Machas)
December 5th, 2016 - 10:00 GMT

Financial leaders convene at Bloomberg Markets Most Influential Summit in Abu Dhabi

Rouhani emphasized that the prospects will be specifically positive in light of the country’s recent “victory” in OPEC to move ahead with its crude oil production and export plans with no limitations.  (File photo)
December 5th, 2016 - 09:00 GMT

Iran budgets on oil at $50 in 2017

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