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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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Dubai Design District (D3). (Shutterstock)
January 9th, 2019 - 08:29 GMT

Report: UAE Dominates the MENA Startups Ecosystem, Egypt’s Is the Fastest Growing

Remittances of Egyptian expatriates in Jordan hit  $539,000 in December. (Shutterstock)
January 9th, 2019 - 08:04 GMT

Remittances of Egyptian Expats in Jordan Exceed $500,000

Analysts say that the coming weeks could witness heavy volatility due to concerns regarding US government shutdown, Brexit uncertainty and flat global economic growth. (Shutterstock)
January 8th, 2019 - 09:15 GMT

Uncertainty Dominates the Oil, Equity Market Despite the Positive Momentum

The country is unlikely to make its debt sustainable through fiscal adjustment because that would require a sharp decline in interest rates or substantial economic growth. (Shutterstock)
January 8th, 2019 - 08:51 GMT

Would Restructuring the Debt Help Lebanon Avoid a Financial Crisis?

The case has rattled Nissan's alliance with French automaker Renault SA, where Ghosn still remains chairman and chief executive. (AFP)
January 8th, 2019 - 07:49 GMT

Nissan Ex-Chair Ghosn Claims Innocence in First Court Appearance

Pakistani prime minister, crown prince of Abu Dhabi decide to form a task force for trade enhancement. (Shutterstock)
January 7th, 2019 - 10:55 GMT

UAE to Enhance Trade Ties With Pakistan

Blockchain can help facilitate tax collection without added costs of intermediaries. (Shutterstock)
January 7th, 2019 - 10:43 GMT

Blockchain a Cost-Effective Solution for VAT Implementation in GCC

The government is likely to take into consideration the experience of certain countries when drafting the new bill. (Shutterstock)
January 7th, 2019 - 10:29 GMT

Kuwait Mulls Control Over Social Media Accounts

The customs tax on EVs has been increased from zero to 25 per cent as of January 1. (Shutterstock)
January 7th, 2019 - 09:43 GMT

'Surprise' Increase on Electric Vehicles' Tax in Jordan

Most of the complaints in Saudi Arabia and the UAE come not from the consumers but businesses unsure about how to implement VAT on goods and services. (Shutterstock)
January 7th, 2019 - 09:26 GMT

VAT is GCC Countries’ Silver Lining in This Dire Phase

Syrian refugees in Turkey, Jordan and Lebanon could better contribute to local economies if they were trained for middle-skill jobs. (Shutterstock)
January 7th, 2019 - 08:56 GMT

Study: Syrian Refugees Can Aid Local Economies If Trained

The currency was trading at about 110,000 rials per US dollar on the unofficial market on Sunday. (Shutterstock)
January 7th, 2019 - 08:26 GMT

Iran Mulls Removing Four Zeros From Its Plunging Currency

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