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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 UAE is among those economies most rapidly moving away from being predominantly cash-based society.
September 24th, 2013 - 01:05 GMT

UAE not interested in cash

Mafraq Governorate's population has increased by 70 per cent since the crisis started, which created extra pressure on its infrastructure and services.
September 24th, 2013 - 12:59 GMT

Foreign aid does not cover 30% of Jordan's refugee bill- Majali


Jazeera emerged out as the leading airline serving the Kuwait-Beirut route with a 40 per cent market share, and grabbed a 36 per cent market share on the Kuwait-Amman route, the report added.
September 24th, 2013 - 12:06 GMT

Jazeera winning over Dubai, Beirut, and Amman routes!

Share of the oil sector to the Kingdom’s GDP dropped from 29.5 percent to 22.2 percent in the two periods, which is a good indication that the Saudi economy has been increasingly supported by the private and nonoil sectors.
September 24th, 2013 - 09:28 GMT

Say what? Saudi's GDP reached SR 2.66 trillion in 2012

The preliminary deal, subject to a six-week period of due diligence, which is expected to be completed by November 4, values the sinking smartphone manufacturer's at 9 dollar-a-share.Watsa further said that they can deliver immediate value to shareholders.
September 24th, 2013 - 09:05 GMT

BlackBerry sells itself for $4.7 billion


According to the report, Apple said that its fourth-quarter revenue will be at the high end of its estimated 34 billion dollars to 37 billion dollars in total revenue.
September 24th, 2013 - 07:46 GMT

Crushing expectations: new iPhones mark Apple's most successful launch ever!

Around 100 tons of black oil are planned to be exported through the port of Anzali to Russia
September 23rd, 2013 - 10:55 GMT

Iraq exports black oil to Russia via Caspian Sea

Consumer loans capture nearly 80 percent of Saudi local banks’ retail loan portfolio
September 23rd, 2013 - 10:26 GMT

Saudis financing their consumption with more loans

Lebanon’s tourism sector contributed more than $8 billion in 2009 and 2010 to Lebanon’s GDP
September 23rd, 2013 - 09:38 GMT

Lebanon's tourism sector worse off than last year

Saudi Arabia and the United Arab Emirates are expected to lead the way for GCC growth
September 23rd, 2013 - 09:20 GMT

An unexpected development: GCC growth to slow down in 2013

During 2003-2010, the ICT spending has grown at a CAGR of almost 19 percent to reach a value of $12 billion.
September 23rd, 2013 - 07:22 GMT

UAE's ICT spending to reach astounding levels

Fraud is one of the most significant systemic risks faced by financial and other institutions globally,
September 23rd, 2013 - 06:29 GMT

Fraud costing businesses a good chunk of their profits

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