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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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Nearly 30 percent of the assets of banks in Lebanon are in cash. (File photo)
September 7th, 2016 - 08:00 GMT

Lebanon's dash for cash: Demand for hard currency doubles over seven years

Moody's said that the VAT will exacerbate already high inflation amid widely discussed currency devaluation. (File photo)
September 7th, 2016 - 07:06 GMT

Egypt's deficit expected to rise to 12 percent despite new VAT: Moody's

Fundraising in the region has dried up this year after the drop in oil prices affected demand for new public offerings. (File photo)
September 7th, 2016 - 06:00 GMT

IMG Worlds of Adventure owners consider financing options as cheap oil bites

Medina Airport, also known as Prince Mohammad bin Abdulaziz International Airport. (File photo)
September 7th, 2016 - 05:04 GMT

Turkey's TAV in talks to purchase Saudi Oger shares in Medina airport operator

QAIA can now accommodate large aircraft, including the world’s largest airplane, the double-decker Airbus A380, that is scheduled to land in the airport this month. (File photo)
September 6th, 2016 - 12:00 GMT

Jordan's Queen Alia International Airport completes phase two of expansion

IPP projects are usually more cost effective than government power plants.  (File photo)
September 6th, 2016 - 10:00 GMT

Private sector to help power up energy needs to ease GCC governments' burden

Medicines for heat-related ailments are not covered under insurance, which makes the workers reluctant to pay from their pocket and this eventually worsens their condition. (File photo)
September 6th, 2016 - 09:00 GMT

Oman's trade unions urge change in breaks policy after increase in heat-related illnesses

More than 200,000 square metres of country pavilions will also be reused as collaborative work spaces to house companies and other institutions. (File photo)
September 6th, 2016 - 08:00 GMT

No white elephants: Dubai Expo 2020 site will become 'business ecosystem'

Egyptian Media Company will be registered on the stock market as a holding company by 2017 and raise up to 1 billion Egyptian pounds in 2018 after the IPO.  (File photo)
September 6th, 2016 - 07:00 GMT

Egyptian Media Company plans $113M IPO

The report also showed a drop in the amount of new work received from abroad, the 13th in as many months. (File photo)
September 6th, 2016 - 06:24 GMT

Lebanon's private sector records drop in output, new orders: BLOM

Gardenia Plaza Resort in Sharm El Sheikh, a timeshare property once a popular with European tourists. (Capstone Travel)
September 6th, 2016 - 05:44 GMT

Egypt: Steep decline in tourism prompts rethink of timeshare system

Saudi Deputy Crown Prince Muhammad bin Salman at the G20 Summit in Hangzhou. (AFP/Nicolas Asfouri)
September 6th, 2016 - 05:13 GMT

Saudi, Russian statement lifts oil prices despite lacking specifics of action plan

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