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Economy and Policy

Economy and Policy latest

US Aircraft Carrier in the Arabian Sea
July 16th, 2026 - 06:46 GMT
P. Choiaqo

P. Choiaqo

Saudi Arabia to buy $2 billion worth of weapons from the US

ALBAWABA - The sale of an estimated $1.96 billion worth of weapons focused on air defenses to Saudi Arabia has been approved, according to the U.S. State Department. The weapons sought by the Kingdom of Saudi Arabia are around 20,000 Advanced Precision Kill Weapon Systems and its warheads which are described as "an inexpensive way to destroy targets while limiting collateral damage in close combat.” According to the U.S. Navy ...
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Weakening confidence could erode consumer spending, which has been a primary engine of the US economy, which would weaken GDP growth.
September 25th, 2019 - 12:00 GMT

Survey: US-China Trade War Disrupt US Consumer Confidence

The enduring challenge for China, however, is how to wean the country off its debt drip without intensifying an economic slowdown
September 25th, 2019 - 11:30 GMT

Why Is a Slowing China Economy a Global Concern?

Only firms with a higher or equal number of Saudi employees versus expats were eligible under the scheme.
September 25th, 2019 - 11:00 GMT

Saudi Arabia Waives Fees on Expats in Industrial Sector

The government stepped up efforts to improve job prospects for Bahrainis earlier this year.
September 25th, 2019 - 10:00 GMT

Over 1,000 Vacancies Available in Bahrain

The UAE can buy the food produced by the project at a cheaper price while Indian farmers will get a comparatively better price for their crops.
September 25th, 2019 - 07:00 GMT

UAE Entities to Invest up to $7 Billion in India Food Sector

SMEs account for about 94 per cent of all companies operating in the UAE
September 25th, 2019 - 06:30 GMT

Numbers of SMEs Soar 30 Percent in UAE

The value of the rial has been dropping, trading at around 602 against the US dollar.
September 24th, 2019 - 10:30 GMT

Yemen Determined to Stabilize Rial Value

The 2049 dollar issue fell 3.1 cents to 106.1 cents in the dollar.
September 24th, 2019 - 09:56 GMT

Egyptian Dollar Bonds Slip Due to Protests

Turkey's new economic program, announced in September 2018, targets a current-account-deficit-to-GDP ratio this year of 3.3%.
September 24th, 2019 - 07:27 GMT

IMF: Turkey Won't Go into Recession in 2019

Dollars are still available in the ATMs, perhaps not in all the banks, but in most of the banks
September 24th, 2019 - 06:30 GMT

Lebanon: Dollars Available, Customer Demand Met

“The wheat reserve at the mills has fallen to a level that represents a danger
September 24th, 2019 - 06:00 GMT

Wheat Stocks Fall to a Dangerous Level in Lebanon

Empower (Emirates Central Cooling System Corporation).
September 23rd, 2019 - 12:11 GMT

Report: GCC Driving $40 Billion Global District Cooling Market

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