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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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Turkey is a rising regional hub for manufacturers. (File photo)
November 10th, 2016 - 01:00 GMT

Does Turkey provide a successful environment for business growth?

There was a sharp drop in Gulf stock markets after Trump's victory. (AFP/File)
November 10th, 2016 - 12:00 GMT

Gulf economy hit hard by Trump victory

The Saudi government has launched  government has launched both Vision 2030 and the National Transformation Plan 2020. (File photo)
November 10th, 2016 - 09:00 GMT

Is a sustainable future in store for Saudi Arabia?

Republican presidential elect Donald Trump speaks during election night at the New York Hilton Midtown in New York. (AFP Photo/Jim Watson)
November 10th, 2016 - 08:00 GMT

Global markets still in chaos following Trump’s election victory

During the event
November 10th, 2016 - 05:36 GMT

DP World chairman says mirroring Dubai strategy will be key to company’s success in Latin America

Global Business Forum 2016
November 10th, 2016 - 04:54 GMT

Dubai Chamber Commissions Economist report on Latin America ahead of Global Business Forum 2016

On the currency markets, the dollar tumbled about 2 per cent against major global currencies as Trump supporters celebrated his victory over Democrat candidate Hillary Clinton. (AFP/Daniel Rowland)
November 9th, 2016 - 12:00 GMT

Stocks plunge as Trump win presents 'horror scenario' for financial markets

The plans will likely prove controversial after an attempt to cut perks and benefits at state-owned oil companies resulted in a three-day strike by employees earlier this year. (AFP/File)
November 9th, 2016 - 11:00 GMT

Kuwait to attempt to impose public sector wage cuts, again

During the event
November 9th, 2016 - 10:40 GMT

Jafza, Investe São Paulo sign MoU

Should there be a Trump win, the sell-offs in global markets will be compounded by the markets having priced in a Clinton victory and were wrong. (AFP/William West)
November 9th, 2016 - 05:56 GMT

Global markets in shakeup as Trump surges in key states

Egyptian authorities dealt with the crisis in a way that didn't consider ordinary citizens, who will face great pressure as a result of the policies, the ECESR said. (AFP/File)
November 8th, 2016 - 02:00 GMT

Egypt's recent austerity measures are 'an economic war on the poor': ECESR

Dubai Custom
November 8th, 2016 - 11:46 GMT

Dubai Customs introduces new invention: Smart Customs Clearance Vehicle

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