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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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Last year, Iraq secured $1.7 billion in loans from the World Bank and $833 million from the IMF. (YouTube)
May 26th, 2016 - 11:24 GMT

Islamic Development Bank green lights $3B loan to Iraq

During the event
May 26th, 2016 - 03:54 GMT

Dubai Customs shares its AEO implementation experience during global conference

Allegations about the UAE’s suitability to chair KP from the CSC were “strongly refuted and rejected” by the UAE.   (Shutterstock)
May 25th, 2016 - 05:00 GMT

UAE proceeds with Kimberley Process meeting amid controversy over its chairmanship

Bahrain Financial Harbour skyscrapers in Manama. (Shutterstock)
May 24th, 2016 - 12:02 GMT

Bahrain's Mumtalakat plans $400M in international investments

During the event
May 23rd, 2016 - 10:18 GMT

Dubai Customs winner of Best Invention Award at the Ideas Arabia Conference 2016

The IMF standby arrangements allow the fund to respond quickly to countries’ external financing needs, and to support policies designed to help them emerge from crisis, with lending tailored to member countries' needs.
May 22nd, 2016 - 10:00 GMT

Iraq: New $5.4B IMF loan conditional on reducing $20.5B budget deficit

The Western powers also called on the Islamic Republic to create a favorable environment for investors to do business in the country. (File photo)
May 22nd, 2016 - 07:20 GMT

US, EU encourage international investment in Iran

During the event
May 22nd, 2016 - 05:57 GMT

DP World a knowledge exporter at China’s Belt and Road Summit

Aqaba Container Terminal
May 22nd, 2016 - 05:29 GMT

Aqaba Container Terminal awarded “ISO 14001:2015” Certification, the Environmental Management System (EMS)

During the event
May 18th, 2016 - 10:39 GMT

Dubai Customs launches “Health Endowment” Initiative across Dubai airports

The bill must now be passed by the House of Representatives before it heads to President Barack Obama's desk.  (Pixabay)
May 18th, 2016 - 05:35 GMT

US Senate passes 9/11 bill to allow victims' families to sue Saudi government

A $300,000 investment gets you permanent residency after two months and then a Cypriot passport after three and a half years.  (Twitter)
May 17th, 2016 - 10:04 GMT

Wealthy Lebanese invest their way to citizenship

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