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Economy and Policy

Economy and Policy latest

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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President Donald Trump shakes hands with North Korea's leader Kim Jong Un following a meeting in Hanoi. 
May 14th, 2019 - 11:17 GMT

North Korea Deplores Ship Seizure by US, Claiming It Violates Spirit of Trump-Kim Summit

The increase in duty rates that Beijing announced Monday targets a range of American agricultural and manufactured goods.
May 14th, 2019 - 08:10 GMT

Beijing Fires Back Escalating the US-China Trade War

A Palestinian family share an Iftar meal as they break their fast during the Muslim holy fasting month of Ramadan on May 13, 2019 in the southern Gaza Strip refugee camp of Khan Yunis.
May 14th, 2019 - 07:25 GMT

Palestinians Deprived From Ramadan's Joy Due to Harsh Economic Conditions in Gaza

Globally, stock markets fell on Monday after trade talks between the US and China wrapped up without an agreement.
May 14th, 2019 - 05:53 GMT

US-China Trade War, US-Iran War Fear Affect Global Stocks Markets

Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street
May 13th, 2019 - 09:37 GMT

What's Saudi Arabia's Plan After Uber's Underwhelming IPO?

The IMF team have reached a staff-level agreement on economic policies that could be supported by a 39-month Extended Fund Arrangement (EFF) for about US$6 billion
May 13th, 2019 - 09:31 GMT

IMF Rescues Pakistan With $6 Billion Bailout Package

Authorities have conducted a study that will help improve the end-of-service benefits system in the country.
May 13th, 2019 - 09:02 GMT

UAE Mulls Setting Up Retirement Funds for Expats

India saw the third highest outflow of wealthy individuals last year.
May 13th, 2019 - 07:10 GMT

Nearly 5,000 Millionaires Left India, and Here's Why

Lebanon's economy is struggling with soaring debt, rising unemployment and slow growth.
May 12th, 2019 - 10:14 GMT

Austerity Talks Fuel the Lebanese Streets

Negotiations have not broken down, but rather, on the contrary, this is only a normal twist in the negotiations between the two countries, it is inevitable
May 12th, 2019 - 08:58 GMT

3 Main Disagreements Hindering the US-China Deal

If the non-oil exports increase, it will enhance Iran's credibility globally and cause more foreign currency return
May 12th, 2019 - 07:51 GMT

Iran to Launch Integrated Foreign Exchange Market Aiming to Boost Non-Oil Exports

The Egyptian economy will continue to post real GDP growth of around 5.5% annually
May 12th, 2019 - 07:33 GMT

Egypt Relies on FDI Inflows to Narrow Current Account Deficits

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