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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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Kuwait's Finance Minister confirmed that any potential spending deficit could be covered by tapping into Kuwait’s financial reserves and going to the bond market. (File photo)
March 24th, 2016 - 09:00 GMT

Kuwait looks to PPP, VAT, cutting subsidies to trim budget

Dubai Customs
March 24th, 2016 - 07:21 GMT

DC employees to receive 373 training programs in 2016

The US Principal Deputy Coordinator for Sanctions Policy has begun a diplomatic campaign with businesses to clarify the US stance on banking transactions with Iran.   (AFP/Al Saadi)
March 24th, 2016 - 07:00 GMT

Post-sanctions, fears of US banking fines hamper Iran trade

The Oman Economic Forum is being held from March 23-24 at the Shangri-La's Barr Al Jissah Resort in Muscat. (Shangri-la)
March 23rd, 2016 - 11:00 GMT

Oman Economic Forum gets underway: Omran to unveil $1B worth of investment opportunities

Ali Ibrahim with Kaizen representatives
March 23rd, 2016 - 09:22 GMT

DED and Kaizen Institute join forces to help businesses achieve peak performance

With oil prices falling, the GCC must sustain the momentum of change and economic reform that has begun. (File photo)
March 23rd, 2016 - 09:00 GMT

Optimizing GCC collaboration could create the sixth largest economy in the world: EY

The state of Tennessee was the first to pass anti-BDS legislation last year, followed by Alabama, Indiana, Pennsylvania, New York and Florida. (File photo)
March 23rd, 2016 - 08:00 GMT

Virginia becomes seventh US state to pass anti-BDS laws

During the event
March 23rd, 2016 - 06:04 GMT

Dubai Chamber and Hamburg Chamber of Commerce sign MoU to promote Innovation, Internet of Things, and enhance mutual cooperation

Ali Ibrahim with Nike representatives
March 22nd, 2016 - 10:29 GMT

DED and Nike look at stronger co-ordination in protecting intellectual property and consumers

The Saudi Ambassador claims that 'some have forgotten' about the kingdom's support for Lebanon. (File photo)
March 22nd, 2016 - 09:15 GMT

Saudi Arabia is 'best destination for Lebanese businessmen': Saudi ambassador

Electricity prices in Egypt remain unchanged between 1994-2003 and increased slightly between 2004-2008.  (File photo)
March 22nd, 2016 - 07:00 GMT

Egypt considers delay in lifting electricity subsidies

Awareness workshops on IPR for cruise tourists
March 21st, 2016 - 10:05 GMT

Dubai Customs organizes awareness workshops on IPR for cruise tourists

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