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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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Higher oil prices will benefit Kuwait, the UAE and Oman the most by reducing the current account deficits by an average of four to seven percent of GDP.
August 24th, 2016 - 07:30 GMT

Oil price hike brings relief, but unlikely to impact credit ratings: Moody's

Al Bawaba
August 24th, 2016 - 06:26 GMT

Nepal Airlines seeks Gulf partnerships to fast track expansion

The Kuwaiti Fund loan to finance the project will be repaid in instalments over 20 years, with a five-year grace period. (Shutterstock)
August 24th, 2016 - 05:00 GMT

Plans to link Saudi, Egypt power grid backed by Kuwaiti Fund

Sudan has  no restrictions on gold exportation, meaning that investing companies can export all the gold they produce. (Shutterstock)
August 24th, 2016 - 04:21 GMT

Gulf investors look to strike gold in Sudan

Egypt's President Sisi and the UAE's Mohammed bin Zayed Al Nahyan during the latter's visit to Cairo in April 2016. (File photo)
August 23rd, 2016 - 12:30 GMT

UAE offers $1B to Egypt's Central Bank

The Education Ministry plans to introduce double shifts at 102 schools where Syrian students are enrolled, bringing the total number of schools working on two shifts to 200. (File photo)
August 23rd, 2016 - 11:30 GMT

Donors commit $97.5M to Jordan Compact Education fund

The Four Seasons Hotel, Cairo. (Four Seasons)
August 23rd, 2016 - 10:30 GMT

Egypt: Roadmap for return of Russian tourists to include hotel inspections, more delegations

The King Fahd Causeway linking Bahrain and Saudi Arabia. (Wajahat Mahmood/Flickr)
August 23rd, 2016 - 09:17 GMT

Construction of Saudi bridges to Bahrain, Qatar expected to begin 'soon'

In the UAE, the first most affected sector for spear phishing is finance, followed by oil and gas.  (Shutterstock)
August 23rd, 2016 - 07:30 GMT

Smartworld, MENA's first cybersecurity center, to open in Dubai

Stari Most, a 16th-century Ottoman bridge in the city of Mostar in Bosnia and Herzegovina. (Shutterstock)
August 23rd, 2016 - 06:30 GMT

Therapeutic tourism draws Saudi tourists to Eastern Europe

The first phase of the project includes 224 properties in three separate residential zones, and two five-star hotels to be run by The Jumeirah Group. (Jumeirah Group)
August 23rd, 2016 - 05:40 GMT

Oman's $600M Saraya Bandar Jissah development to open in 2017

Eureeca said it now has 12,000 active investors from 42 countries with an average investment of $5,900. (Shutterstock)
August 23rd, 2016 - 04:29 GMT

Dubai's Eureeca attracts $400,000 in crowdfunding campaign

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