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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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Saudi Auto Services Market Eyeing a 6 Percent Growth for the Next 5 Years. (Shutterstock)
February 28th, 2019 - 07:00 GMT

Saudi Auto Services Market Eyeing a 6 Percent Growth for the Next 5 Years

More than 2 million women are now using Absher, the “one-click” app. (File/Photo)
February 28th, 2019 - 06:45 GMT

Despite Global Backlash, Absher App Female Users Soar

Saudi's Digital Economy to Add $2 Billion Annually by 2030. (Shutterstock)
February 28th, 2019 - 06:29 GMT

Saudi's Digital Economy to Add $2 Billion Annually by 2030

How Will the OIC Plan for More Prosperous Islamic Economy? (Shutterstock)
February 28th, 2019 - 06:15 GMT

How Will the OIC Plan for More Prosperous Islamic Economy?

Is Germany Reconsidering Its Arms Exports Ban to Saudi? (Shutterstock)
February 28th, 2019 - 06:00 GMT

Is Germany Reconsidering Its Arms Exports Ban to Saudi?

Gold Prices Rise Following Powell Testimony. (Shutterstock)
February 27th, 2019 - 12:27 GMT

Gold Prices Rise Following Powell Testimony

Such funds will provide a saving opportunity to all the employees in the UAE and the region labour markets. (Shutterstock)
February 27th, 2019 - 12:15 GMT

New Funds Urged for Managing Retirement Benefits in UAE

The imports of goods in January 2019 amounted to QR8.8 billion. (Shutterstock)
February 27th, 2019 - 09:51 GMT

Despite Blockade, Qatar's Trade Surplus Exceeds $4 Billion in Jan 2019

Iran and Japan will soon start bilateral banking activities. (Shutterstock)
February 27th, 2019 - 09:27 GMT

Iran, Japan to Start Bilateral Banking Activities

Saudi Arabia said its total merchandise exports increased by 12.5 percent in December 2018 year-on-year to reach $10 billion. (Shutterstock)
February 27th, 2019 - 09:23 GMT

Saudi Arabia's Exports Reach $10 Billion in December 2018

Expatriate numbers in Oman make up only 43.7 percent of the total population. (Shutterstock)
February 27th, 2019 - 08:50 GMT

Expat Numbers Plunge in Oman Due to Omanisation

The Jordan Customs Department’s (JCD) revenues for 2018 stood at JD1.5 billion. (Shutterstock)
February 27th, 2019 - 08:37 GMT

Jordan's Customs Department Reports Over $2 Billion in Revenues

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