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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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China on Monday rejected the position of the US on Huawei. (Shutterstock)
February 19th, 2019 - 11:50 GMT

China Refuses US Position on Huawei

The collapse of trade talks would trigger a new round of tariff hikes. (Shutterstock)
February 19th, 2019 - 11:47 GMT

Will US-China Trade Deal Be Enough?

The South Korean ambassador to Turkey said Monday a deal signed last August will boost trade volume between the two countries. (Shutterstock)
February 19th, 2019 - 10:53 GMT

Turkey, S.Korea, Sign a Deal to Boost Trade Volume

Electricity across Lebanon should be restored to its normal levels by the start of Thursday. (Shutterstock)
February 19th, 2019 - 10:06 GMT

At Last, Lebanon’s Electricity to Return to Normal by Wednesday

Islamabad has had a unique relationship with the Kingdom. (Shutterstock)
February 19th, 2019 - 08:56 GMT

Saudi Arabia, Pakistan ‘The Dawn of a New Relationship’

Saudi Crown Prince Mohammed bin Salman and Pakistan's Prime Minister. (AFP)
February 19th, 2019 - 08:03 GMT

Pakistan Aims to Secure up to $50 Billion Foreign Investment in Five Years

The visit by Prince Mohammed follows the highly successful trip of Modi to that country in April 2016. (Shutterstock)
February 19th, 2019 - 07:49 GMT

After Pakistan, Saudi Arabia to Boost Bilateral Ties With India

Gold production is now Sudan’s main source of hard currency after the secession of South Sudan. (Shutterstock)
February 18th, 2019 - 12:11 GMT

Gold Production Reaches 93 Tons in Sudan

Iranian Foreign Minister Mohammad Javad Zarif speaks during the Munich Security Conference in Munich, Germany, Sunday, Feb. 17, 2019. (AFP/ File Photo)
February 18th, 2019 - 10:52 GMT

Iran Demands Europe to Increase Efforts to Save Nuclear Deal

Lebanon’s rating is now on par with countries including Iraq, Gabon and Zambia. (Shutterstock)
February 18th, 2019 - 10:39 GMT

Lebanese Banks Seek Reforms' Implementation to Drop Interest Rates

Links to the EU help Iran have a more diversified trade and foreign policy. (Shutterstock)
February 18th, 2019 - 10:30 GMT

Is INSTEX Just a ‘Political Act’?

A sense of increased optimism and confidence has been noticed among the region’s wealthy in the context of the regional economy. (Shutterstock)
February 18th, 2019 - 09:43 GMT

GCC’s Wealthy Optimistic About Regional Economy

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