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Economy and Policy

Economy and Policy latest

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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A fresco at Quseir Amra desert castle near the capital Amman. (Pixabay)
April 23rd, 2017 - 02:34 GMT

Jordan’s revenues from tourism up 14 percent: Central Bank of Jordan

The French will go to the polls today to pick their new president. (AFP/ Joël Saget)
April 23rd, 2017 - 12:38 GMT

France's next president will have to fix its 'ailing' economy

King Salman has sacked key officials, including the head of the army embroiled in Yemen's conflict. He's also scrapped cuts made last year to state employees' pay, prompted by oil revenue falls. (AFP/ File)
April 23rd, 2017 - 12:01 GMT

Saudi King Salman fires top officials, restores perks to state employees

GCC IPOs witnessed in 2016 were the lowest registered in the last decade as a result of declining oil prices and heightened economic uncertainty. (Shutterstock)
April 23rd, 2017 - 11:11 GMT

Could 2017 be the year of GCC IPOs?

There are about 60 Turkish companies working in Qatar, participating in 35 projects with a turnover of about $14 billion at the end of 2016. (AFP/ Marwan Naamani)
April 23rd, 2017 - 10:35 GMT

Turkey eyes further investments in Qatar ahead of 2022 World Cup

Early marriage, child recruitment and prostitution levels are on the rise in Yemen as a direct result of poverty caused by war. (AFP/ File)
April 22nd, 2017 - 08:43 GMT

Civilians continue to pay highest price in Yemen war

The Sudanese pound has lost 100% of its value since South Sudan’s secession in 2011, pushing inflation rates to record levels given that the country imports most of its food. (AFP/File)
April 22nd, 2017 - 08:26 GMT

Sudan's surging food prices bring inflation to highest level in six years

Transferring money in and out of Iran became complicated as a result of years of restrictions as well as US primary sanctions. (Pixabay)
April 22nd, 2017 - 07:15 GMT

Could Bitcoin be the answer to investing in Iran?

Iraqis evacuate a body from the site of a suicide car bombing claimed by the Islamic State on July 3, 2016 in Baghdad's central Karrada district. (AFP/ File)
April 22nd, 2017 - 06:57 GMT

Iraqis worked just six months in 2016: Report

Mall of Arabia in Jeddah. (Twitter)
April 20th, 2017 - 02:01 GMT

Saudi Arabia blocks foreigners from working in malls

IMF Managing Director Christine Lagarde. (AFP/File)
April 20th, 2017 - 01:25 GMT

IMF Raises Global Growth Forecast But Warns Against Protectionism

Ahmed Mahboob Musabih at the opening of the exhibition
April 20th, 2017 - 10:50 GMT

Dubai Customs hosts an exhibition for people with disabilities

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