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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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Brent crude oil futures were up 86 cents to $74.61 per barrel at 1052 GMT and US West Texas Intermediate (WTI) crude futures were up 59 cents at $69.60 a barrel. (Shutterstock)
August 8th, 2018 - 08:03 GMT

Crude Oil Prices Rise as a Repercussion of US Sanctions on Iran

Since the early 1990s, Gulf nations have been turning to the PPP model to attract international investors, to energise the private sector and to develop local talent.  (Shutterstock)
August 8th, 2018 - 07:48 GMT

Report: Public-Private-Partnerships to Revitalize Economic Development in GCC

Prince Alwaleed bin Talal said he made the Snapchat investment in May. (AFP)
August 8th, 2018 - 07:42 GMT

Alwaleed Bin Talal Signs $250 Million Deal With Snapchat

Canada's Prime Minister Justin Trudeau's government is asking the UK and UAE to mediate in his country's diplomatic rift with Saudi Arabia. (Shutterstock)
August 8th, 2018 - 07:36 GMT

Canada to Ask UAE, UK Help in Defusing Dispute With Saudi Arabia

Sanctions against Iran were reimposed by Donald Trump in an executive order this week. (
August 8th, 2018 - 06:43 GMT

Trump Asks Countries to Pick a Side; Business With Iran or US

Egypt’s foreign reserves were $44.315 billion at the end of July, having climbed steadily since the securing of a $12 billion. (Shutterstock)
August 7th, 2018 - 10:38 GMT

Egypt's Foreign Debt Soars to $88.2 Billion

No charges are levied on the issuance of travel documents. (AFP)
August 7th, 2018 - 10:31 GMT

More Than 1,000 Pakistani Expats Avail UAE Amnesty Services

The increase in business inflows was due to the correlation between the strength of demand. (Shutterstock)
August 7th, 2018 - 09:33 GMT

Report: Remarkable Growth in Qatar's Private Sector

The real estate and business activities sector posted 3.7pc growth in Q1. (Shutterstock)
August 7th, 2018 - 09:06 GMT

Bahrain GDP Increases More Than 5 Percent Due to Higher Oil Prices

The total tender amounted to around 3.8 billion Turkish liras (nearly $734.9 million), with a 51.4 percent accepted/tendered rate.(Shutterstock)
August 7th, 2018 - 08:33 GMT

Turkish Treasury Borrows Over $370 Million From Domestic Markets

Saudi Arabia’s Ministry of Media has suspended a Twitter account after it posted an infographic perceived to be offensive to Canada. (Shutterstock)
August 7th, 2018 - 08:05 GMT

Saudi Arabia Suspends Twitter Account Over Offensive Canada Post

Using gas in the industrial sector lowers operational costs between 20 and 50 per cent. (Shutterstock)
August 7th, 2018 - 07:50 GMT

Jordan to Reduce Industrial Costs by up to 50 Percent

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