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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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US Secretary of State John Kerry meets with Saudi Foreign Minister Adel al-Jubeir in London on January 14, 2016. (AFP/File)
October 25th, 2016 - 07:00 GMT

US eyes private sector investments as part of Saudi's National Transformation Program

DP World
October 25th, 2016 - 06:07 GMT

DP World reports 2.2% gross volume growth in the first nine months of 2016

Consultations will be held over the coming period on measures and steps needed to agree on the date of holding the summit, and extend invitations to kings, presidents and princes of Arab countries.  (Shutterstock)
October 25th, 2016 - 06:00 GMT

Jordan to host 28th Arab League Summit

The bulk of the subsidies given to Sheikh Mohammed came from a single payment scheme based on land owned rather than how the land is used. (Bloodhorse.com)
October 24th, 2016 - 12:00 GMT

Rolling in clover: Sheikh Maktoum one of biggest beneficiaries of UK farming subsidies

As GCC countries will have reviewed VAT systems and practices from across the globe, they are likely to introduce VAT systems heavily dependent on technology to ensure efficiency. (Shutterstock)
October 24th, 2016 - 07:00 GMT

When it comes to VAT, the devil is in the details: BDO Bahrain

In addition to the economic aid, the US provided $463 million in military aid to Jordan this year, bringing the total of economic and military aid to $1.275 billion. (File photo)
October 24th, 2016 - 06:00 GMT

Jordan to receive $786.8M US economic aid package

Dubai FDI workshop
October 23rd, 2016 - 09:28 GMT

Dubai FDI launches skills development programme to drive investment and support services

Remittances and capital inflows are some of the few remaining elements that keep the struggling Lebanese economy on its feet. (File photo)
October 20th, 2016 - 10:00 GMT

Remittances to Lebanon to increase this year: World Bank

Egypt is currently reviewing eligibility for a smart card system through which low income Egyptians access state-subsidised food. (File photo)
October 20th, 2016 - 09:00 GMT

Egypt mulls reintroduction of subsidies for vulnerable groups

During the event
October 20th, 2016 - 06:03 GMT

Abu Dhabi Ports exhibits its latest digital services and solutions at GITEX Tech Week 2016

The fundamental challenge for the GCC states is that they have to diversify their economies as well as create new job opportunities in non-oil sectors. (File photo)
October 20th, 2016 - 06:00 GMT

Is personal income tax the next step in GCC fiscal reform?

During the event
October 20th, 2016 - 04:19 GMT

Dubai Customs’ Smart Virtual Agent showcased at Gitex 2016

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