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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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Iran says the programme is for peaceful energy purposes
July 15th, 2012 - 04:00 GMT

Iran threatens new oil blockade

Iran, which sits on the world's second largest reserves of both oil and gas, is facing western sanctions over its civilian nuclear program
July 15th, 2012 - 02:34 GMT

Iran strikes gas accords: consolidates deal with Asia & Europe

The project provides a vital link to the 2,200-km GGC railway scheme, which is expected to cost $15.5bn
July 15th, 2012 - 01:43 GMT

Top companies compete for billion dollar Saudi-Bahrain rail tender

Circular Number 30/2012 issued on 12 July stipulates that by 1 January 2013 lenders must hold 10 percent of their liabilities in liquid assets
July 15th, 2012 - 01:25 GMT

UAE banks sort liquidity risk management by new rules

While the global economic outlook remains highly uncertain, it looks increasingly like the oil price faces a fairly significant downward ceiling for now
July 15th, 2012 - 11:26 GMT

Real estate growth lifts Saudi stocks up

Gold
July 12th, 2012 - 01:43 GMT

Gold stays weak while dollar sails high

IEA
July 12th, 2012 - 12:39 GMT

Oil demand will reflect weak economic recovery by 2013

Saudi Arabia wins oil battle against Iran
July 12th, 2012 - 11:25 GMT

In the battle to control the oil markets, Saudi comes out on top

Jordanian and Egyptian plastic manufacturers talk about the International Jordan Plastic Exhibition during a press conference in Amman on Wednesday (Petra photo)
July 12th, 2012 - 07:25 GMT

Egypt's plastics industry tries to get in on the Jordanian action

OPEC
July 11th, 2012 - 12:50 GMT

OPEC crude oil production dips

The Finance Ministry building is seen in Beirut, Lebanon.
July 11th, 2012 - 11:26 GMT

Trade minister says Lebanese cabinet close to passing budget

Saudi inflation eases to 4.9% in June
July 11th, 2012 - 10:20 GMT

Saudi inflation at lowest level since September 2011

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