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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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Crown Prince Mohammad bin Salman has declared the raid a lucrative success. (AFP)
February 4th, 2019 - 10:49 GMT

Freed Saudis Billionaires Poorer After Crown Prince’s Crackdown

Digital currencies such as Bitcoin have seen a surge in use. (Shutterstock)
February 4th, 2019 - 10:07 GMT

How Bitcoin Can Help Gaza’s Economy

Tunisian authorities seek to limit tax evasion phenomenon that has mounted after 2011 due to the growth of equivalent commercial activities. (Shutterstock)
February 4th, 2019 - 08:56 GMT

Tax Evasion Is Estimated to Reach $8.3 Billion in Tunisia

The repayments will create greater demand for the US currency in the local market. (Shutterstock)
February 4th, 2019 - 08:35 GMT

Higher Demand for the Dollar in Egypt Due $14.7 Billion Debt Repayment

The visa ban was first announced at the end of January 2018 when 87 job sectors were banned from hiring non-Omani employees. (Shutterstock)
February 4th, 2019 - 08:06 GMT

Oman Extends Expat Visa Ban for the Second Time

EU nations create workaround to US sanctions on Iran. (Shutterstock)
February 3rd, 2019 - 07:42 GMT

France, Germany, Britain Launch Payment Gateway With Iran to Override US Sanctions

Qatar will invest $200 million in the company through a primary equity issuance. (Shutterstock)
February 3rd, 2019 - 07:35 GMT

Report: Qatar Invests $200 Million in Airtel Africa to Ease Its Net Debt

Iran Dismisses US' Exit From INF. (Shutterstock)
February 3rd, 2019 - 07:29 GMT

Iran Dismisses US' Exit From INF

Russia courted U.S. investment in the Syrian reconstruction process. (AFP)
February 3rd, 2019 - 07:23 GMT

Opinion: What Is the True Cost of Russia's Race to Reconstruct Syria?

They had given the victim the number on his SIM card to convince him that they were genuine. (Shutterstock)
February 3rd, 2019 - 07:11 GMT

UAE Arrests 24-Member Phone Scam in Abu Dhabi

The argument of the company is that annual salary is paid only when an employee relinquishes annual leave. Please advise on the entitlements. (Shutterstock)
February 3rd, 2019 - 06:36 GMT

Are You Allowed Annual Leave Salary in Qatar?

The Iranian energy minister reiterated that his country has the needed potentials in renewable energies. (Shutterstock)
February 3rd, 2019 - 06:16 GMT

Iran Extends Support to Foreign Investors in Renewable Energy Sector

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