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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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International credit ratings agency Moody's said promises given by Prime Minister Benjamin Netanyahu to his coalition might be worth billions of shekels. (AFP/File)
May 17th, 2015 - 08:00 GMT

Moody’s warns Israel on costly coalition concessions

Ibrahim Aljanahi, Deputy CEO of Jafza and Chief Commercial Officer at the event
May 17th, 2015 - 04:49 GMT

Dubai is the gateway to the wider Middle East region

Egypt's finance minister welcomed a revision of ratings provider Standard and Poor, saying the change will encourage financial institutions to offer further funding. (AFP/Mohammed Abed)
May 17th, 2015 - 03:00 GMT

S&P upgrades Egypt’s economic outlook to ‘positive,’ encouraging investors

Al Bawaba
May 14th, 2015 - 07:00 GMT

IMF calls for increasing sales tax, cutting electricity subsidies

Al Bawaba
May 14th, 2015 - 07:30 GMT

Weak oil likely to hit Bahrain residential rents

Al Bawaba
May 14th, 2015 - 06:30 GMT

For Iran, Bulgaria a bridge to energy market as EU halts Russian gas pipeline

An Iranian worker walks near the phase 12 of the South Pars gas field facilities near the southern town of Kangan on the shore of the Gulf on Jan. 22, 2014. (AFP/Behrouz Mehri)
May 13th, 2015 - 12:00 GMT

EU anticipates nuclear deal, in ‘unofficial talks’ for Iran gas imports: state

Al Bawaba
May 13th, 2015 - 09:35 GMT

Israel considers increasing gas exports to Jordan

Al Bawaba
May 13th, 2015 - 06:00 GMT

Egyptians dominate online shopping in MENA as Arab e-commerce market to reach $13.4bn in 2020

Al Bawaba
May 13th, 2015 - 04:37 GMT

GCC-US summit: Arab security chiefs convene in Washington, as Vienna meeting revisits nuke framework

Saeed Al Tayer at a meeting centered around the Suspicious Cargo Initiative
May 13th, 2015 - 04:26 GMT

Dubai Customs fosters regional intelligence cooperation on suspicious cargo

Al Bawaba
May 12th, 2015 - 06:36 GMT

Jordan announces 2025 development plan; economy to grow by at least 4.8 percent

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