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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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The money will be used to “create job opportunities and improve citizens’ living standards,” according to Minister of International Cooperation Sahar Nasr. (File photo)
September 11th, 2016 - 04:13 GMT

Egypt receives first payment of $3B World Bank loan

Khalil Saqer and two CSR representatives of Dubai Customs
September 8th, 2016 - 06:02 GMT

Dubai Customs fulfils the wishes of 25 orphans of Sharjah Social Empowerment Foundation

Moody's said that the VAT will exacerbate already high inflation amid widely discussed currency devaluation. (File photo)
September 7th, 2016 - 07:06 GMT

Egypt's deficit expected to rise to 12 percent despite new VAT: Moody's

During the event
September 7th, 2016 - 05:01 GMT

Dubai Customs launches Best Media Communication Award for departments & divisions

The report also showed a drop in the amount of new work received from abroad, the 13th in as many months. (File photo)
September 6th, 2016 - 06:24 GMT

Lebanon's private sector records drop in output, new orders: BLOM

During the signing ceremony
September 6th, 2016 - 05:24 GMT

DP World wins 30-year concession for Port of Berbera in Somaliland

S&P warns that economic growth will remain relatively weak as long as the domestic political standstill persists and the Syrian civil war continues. (File photo)
September 5th, 2016 - 06:00 GMT

No negativity: S&P upgrades Lebanon outlook to stable

During the signing
September 5th, 2016 - 05:12 GMT

DED join hands with CEO Clubs Network for closer engagement with business community

Plastic waste generated in Saudi Arabia  is double the consumption rate in the GCC. (Econet.ru)
September 5th, 2016 - 04:37 GMT

Saudi Arabia's plastic consumption 20 times higher than global average

Low oil prices prompted the government to reduce spending notably, with cuts mostly hitting non-essential expenditures with little impact on the domestic economy. (Shutterstock)
September 4th, 2016 - 12:00 GMT

Kuwait posts $15.2B deficit as low oil continues to exert pressure

Jebel Ali Free Zone
September 4th, 2016 - 06:25 GMT

Jafza’s automotive and spare parts sector trade valued at US $5 Billion

During the event
September 4th, 2016 - 05:52 GMT

DED honours employees and customers for innovative suggestions and ideas

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