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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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Between 50 and 100 students participated in the demonstration, holding signs protesting the cost of education and lack of job opportunities. (Shutterstock)
January 18th, 2019 - 07:30 GMT

Lebanese Youth Protests Demanding Economic Change

The figure shows 10 percent rise from the tax income earned during the same period of time in the previous year. (Shutterstock)
January 17th, 2019 - 10:03 GMT

More Than $16 Billion Generated in Iran From Tax Revenues

Qatari businessmen are interested in exploring investment opportunities available in Ethiopia. (Shutterstock)
January 17th, 2019 - 09:47 GMT

Qatar Eyes Investment Opportunities in Ethiopia

Expats Can Hold Senior Positions for 3 Years Only (shutterstock)
January 17th, 2019 - 09:33 GMT

Expats Can Hold Senior Positions for 3 Years Only

The annual inflation rate in Tunisia reached a near-30-year high in 2018. (Shutterstock)
January 17th, 2019 - 08:58 GMT

Economic Indicators Raise Concerns for Instability in Tunisia

The total value of the NEOM Bay development has not been disclosed. (Arab News)
January 17th, 2019 - 08:07 GMT

Saudi Arabia to Commence Developing $500 Billion Mega-City

The chamber's exports last year hit JD4.280 billion compared with JD3.896 billion in 2017. (Shutterstock)
January 17th, 2019 - 07:45 GMT

Jordan's Exports Soars 10 Percent in 2018

As more supply is expected to materialise in the coming year, residential vacancies are anticipated to increase further in Abu Dhabi. (Shutterstock)
January 16th, 2019 - 12:12 GMT

Property Market Prices on a Steady Fall in This Emirate

Saudi Arabia has restricted certain jobs to Saudis and pressed companies to employ higher ratios of nationals to foreign workers. (Shutterstock)
January 16th, 2019 - 10:18 GMT

Saudi Government to Pay Private Sector in an Attempt to Expand Saudization

Civil servants could receive a 20 per cent increase in their basic wages. (Shutterstock)
January 16th, 2019 - 09:45 GMT

Bahrain Indecisive About 20 Percent Increase in Basic Wages

The GCC banking sector has many banks serving small populations, driving intense competition and aggressive pricing policies. (Shutterstock)
January 16th, 2019 - 09:03 GMT

Slow Growth, Subdued Credit Demand Are Main Reasons Behind GCC Bank Mergers

Ties between Qatar and Turkey have grown manifold, especially after the blockade. (Shutterstock)
January 16th, 2019 - 08:35 GMT

Despite Economic Blockade, Over 150 Qatari Companies Operating in Turkey

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